Study Guide > Concordia University PSYC PSYC 316 Assignment 2


Experiment 1The famous behavioral economist Dan Ariely ran the following study in his class. Heintended to investigate the anchor effect by asking his 53 students for the last two digits oftheir credit card number. At the start of the course they were asked to indicate the price thestudents would be willing to pay for his course. He asked the students a second time justbefore the midterm exam. He ...[Show More]

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