@techreport{4062b26e3ef54e0d903ce6a88446c1f6,
title = "A Test for Anchoring and Yea-Saying in Experimental Consumption Data",
abstract = "In the experimental module of the AHEAD 1995 data, the sample is randomly split into respondents who get an open-ended question on the amount of total family consumption - with follow-up unfolding brackets (of the form: is consumption $X or more?) for those who answer don t know or refuse - and respondents who are immediately directed to unfolding brackets.In both cases, the entry point of the unfolding bracket sequence is randomized.These data are used to develop a nonparametric test for whether people make mistakes in answering the first bracket question, allowing for any type of selection into answering the open-ended question or not.Two well-known types of mistakes are considered: anchoring and yea-saying (or acquiescence).While the literature provides ample evidence that the entry point in the first bracket question serves as an anchor for follow-up bracket questions, it is less clear whether the answers to the first bracket question are already affected by anchoring.We reject the joint hypothesis of no anchoring and no yea-saying at the entry point.Once yea-saying is taken into account, there is no evidence of anchoring.",
keywords = "consumption, nonresponse",
author = "{van Soest}, A.H.O. and M. Hurd",
note = "Subsequently published in Journal of the American Statistical Association, 2008 Pagination: 34",
year = "2004",
language = "English",
volume = "2004-27",
series = "CentER Discussion Paper",
publisher = "Econometrics",
type = "WorkingPaper",
institution = "Econometrics",
}