Anchoring bias in recall data: Evidence from Central America
Understanding the magnitude and source of measurement biases in self-reported data is critical to effective economic policy research. This paper examines the role of anchoring bias in self-reports of objective and subjective outcomes under recall. The research exploits a unique panel survey data set...
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| Format: | Artículo preliminar |
| Language: | Inglés |
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International Food Policy Research Institute
2016
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| Online Access: | https://hdl.handle.net/10568/146341 |
| _version_ | 1855531482624294912 |
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| author | Godlonton, Susan Hernandez, Manuel A. Murphy, Mike |
| author_browse | Godlonton, Susan Hernandez, Manuel A. Murphy, Mike |
| author_facet | Godlonton, Susan Hernandez, Manuel A. Murphy, Mike |
| author_sort | Godlonton, Susan |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Understanding the magnitude and source of measurement biases in self-reported data is critical to effective economic policy research. This paper examines the role of anchoring bias in self-reports of objective and subjective outcomes under recall. The research exploits a unique panel survey data set collected over a three-year period from four countries in Central America. It assesses whether respondents use their reported value of specific measures from the most recent survey period as a cognitive heuristic when recalling the value from a previous period, while controlling for the value they reported earlier. We find strong evidence of sizable anchoring bias in self-reported retrospective indicators for both objective measures (household and per capita income, wages, and hours spent on the household’s main activity) and subjective measures (reports of happiness, health, stress, and well-being). In general, we also observe a larger bias in response to negative changes for objective indicators and a larger bias in response to positive changes for subjective indicators. |
| format | Artículo preliminar |
| id | CGSpace146341 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1463412025-11-06T06:51:18Z Anchoring bias in recall data: Evidence from Central America Godlonton, Susan Hernandez, Manuel A. Murphy, Mike microeconomics capacity development measurement smallholders methodology Understanding the magnitude and source of measurement biases in self-reported data is critical to effective economic policy research. This paper examines the role of anchoring bias in self-reports of objective and subjective outcomes under recall. The research exploits a unique panel survey data set collected over a three-year period from four countries in Central America. It assesses whether respondents use their reported value of specific measures from the most recent survey period as a cognitive heuristic when recalling the value from a previous period, while controlling for the value they reported earlier. We find strong evidence of sizable anchoring bias in self-reported retrospective indicators for both objective measures (household and per capita income, wages, and hours spent on the household’s main activity) and subjective measures (reports of happiness, health, stress, and well-being). In general, we also observe a larger bias in response to negative changes for objective indicators and a larger bias in response to positive changes for subjective indicators. 2016-05-20 2024-06-21T09:06:42Z 2024-06-21T09:06:42Z Working Paper https://hdl.handle.net/10568/146341 en https://hdl.handle.net/10568/146194 https://doi.org/10.2499/p15738coll2.134735 http://purl.umn.edu/150711 https://hdl.handle.net/10568/154072 Open Access application/pdf International Food Policy Research Institute Godlonton, Susan; Hernandez, Manuel A.; and Murphy, Michael. 2016. Anchoring Bias in Recall Data: Evidence from Central America. IFPRI Discussion Paper 1534. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/146341 |
| spellingShingle | microeconomics capacity development measurement smallholders methodology Godlonton, Susan Hernandez, Manuel A. Murphy, Mike Anchoring bias in recall data: Evidence from Central America |
| title | Anchoring bias in recall data: Evidence from Central America |
| title_full | Anchoring bias in recall data: Evidence from Central America |
| title_fullStr | Anchoring bias in recall data: Evidence from Central America |
| title_full_unstemmed | Anchoring bias in recall data: Evidence from Central America |
| title_short | Anchoring bias in recall data: Evidence from Central America |
| title_sort | anchoring bias in recall data evidence from central america |
| topic | microeconomics capacity development measurement smallholders methodology |
| url | https://hdl.handle.net/10568/146341 |
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