Description
Return adjustment from an anchor as a share of a reference gap.
Behavioral-economics tasks compare supplied payoffs, reference points, budgets and observed choices. A gap, dominance flag or response fraction illustrates a declared convention without identifying a psychological bias, predicting real choices or selecting a suitable financial action.
Return adjustment from an anchor as a share of a reference gap.
When to use this tool
Use Anchoring Adjustment Fraction Term when checking the stated experimental payoff, budget, reference or choice convention.
How to use the tool and how it works
- Enter anchor, estimate, reference. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read adjustment, neededAdjustment, fraction. Use the output convention below.
Return adjustment from an anchor as a share of a reference gap. Require reference != anchor; adjustment = estimate-anchor, neededAdjustment = reference-anchor, fraction = adjustment/neededAdjustment.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| anchor | Anchor | Required. Finite number. |
| estimate | Estimate | Required. Finite number. |
| reference | Reference | Required. Finite number. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| adjustment | Adjustment | Required. Finite number. |
| neededAdjustment | Needed Adjustment | Required. Finite number. |
| fraction | Fraction | Required. Finite number. |
{
"input": {
"anchor": 100,
"estimate": 120,
"reference": 150
},
"output": {
"adjustment": 20,
"neededAdjustment": 50,
"fraction": 0.4
}
}Limitations and assumptions
- Signed or above-one fractions are retained; no causal anchoring bias or appropriate estimate is established.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Use a well-defined study design and complete data to estimate behavior; assess real financial rights, consequences and uncertainty independently.
References
Similar or alternative tools
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