3 ms·

I have written a blog post on this with detailed explanation of the 'anchoring heuristic'. http://saperduper.org/post/293243288/wikipedia-donators-anchoring-he

I have written a blog post on this with detailed explanation of the 'anchoring heuristic'. http://saperduper.org/post/293243288/wikipedia-donators-anchoring-heuristic http://saperduper.org/post/293243288/wikipedia-donators-anch... I also posted it on HN http://news.ycombinator.com/item?id=1007587 http://news.ycombinator.com/item?id=1007587

drtse4 17y ago
This made me think to "Predictably Irrational" by Dan Ariely too, quite a good example of the anchoring phenomenon. http://www.ted.com/talks/dan_ariely_asks_are_we_in_control_of_our_own_decisions.html http://www.ted.com/talks/dan_ariely_asks_are_we_in_control_o... Btw, i agree with those that says that is quite hard to come to any meaninful conclusion just using the average and max donation, why not analyze also the median value or the std dev/complete donations distribution?