@inproceedings{92e256d7d81f4f608bc020db0d6b4fa6,
title = "Multiple anchors and the MOLE: Benefits for elicitation",
abstract = "Anchoring is a well-known, robust effect causing estimates to be biased towards previously seen values - regardless of their relevance. Reducing anchoring bias is important for optimizing estimation. Herein, we tested the MOLE (More-Or-Less Elicitation) tool's ability to limit the impact of anchors on estimates. In a direct elicitation task, 62 participants' best estimates correlated with anchor values at 0.27 whereas, when using the MOLE, this relationship disappeared (r = .02). Results also showed, however, that expertise reduces the impact of anchoring (r = -0.46). We conclude that use of the MOLE assists in avoiding anchoring and that this will be most helpful in areas of high uncertainty.",
keywords = "accuracy, anchoring, decision making, elicitation, expertise, repeated judgement, MOLE",
author = "Clausen, {Marianne H.} and Welsh, {Matthew B.}",
year = "2018",
language = "English",
isbn = "9781510872059",
series = "Proceedings of the 40th Annual Meeting of the Cognitive Science Society, CogSci 2018",
publisher = "The Cognitive Science Society",
pages = "1506--1511",
booktitle = "Proceedings of the 40th Annual Meeting of the Cognitive Science Society, CogSci 2018",
note = "40th Annual Meeting of the Cognitive Science Society: Changing Minds, CogSci 2018 ; Conference date: 25-07-2018 Through 28-07-2018",
}