Perceptual anchoring effects: Evidence of response bias and a change in estimates sensitivity

INTRODUCTION: People's estimates of perceptual quantities are commonly biased by the contextual presence of other quantities (like numbers). In this study, we address assimilation anchoring effects (approximation of real quantities to contextual quantities) that occur for visually displayed proportions, defining a new methodological setting for the effect. METHOD: Similar to classic approaches, we asked participants across several trials whether the display contained a feature in a proportion higher or lower than “a randomly selected value” (relative judgments), and then estimated the feature proportions (absolute judgments). Across all trials, we presented seven anchors ranging from .20 to .80, each with a visually displayed representation of the same seven proportions (49 judgments in total). This allowed for a psychophysical approach to individual estimates and signal detection indexes, providing new insights into how the anchoring effect is generated in this setting. RESULTS: Our findings suggest that anchoring effects occur both as a bias (changes in response criteria) and as a change in the ability to discriminate stimuli (affecting sensitivity indexes). Moreover, anchors modulate the level of stimuli features for which estimates were more uncertain. Finally, our results indicate that anchor effects occur immediately in the first phase of the two‐phase paradigm, leading to the availability of values for supporting absolute estimates. CONCLUSION: By using a psychophysical approach to the anchoring effects, for the first time, we could clarify that this effect is the result of both bias and changes in the ability to discriminate quantity.