Decision-making cognitive bias in the labor market: an approach on the anchor and decoy effects

Cognitive bias affect the decisions of agents by diverting them from rational choice. This work aims to identify the effect of the cognitive bias – known as decoy effect and anchor effect – in the choice between job offers. Using experimental methodology, 142 administration students responded to a q...

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Detalles Bibliográficos
Autores: Leão, Guilherme Abib, Fajardo, Bernardo Guelber
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2019
País:Brasil
Institución:Fundação Getulio Vargas (FGV)
Repositorio:Revista de Gestão dos Países de Língua Portuguesa (Online)
Idioma:portugués
inglés
OAI Identifier:oai:ojs.periodicos.fgv.br:article/78457
Acceso en línea:https://periodicos.fgv.br/rgplp/article/view/78457
Access Level:acceso abierto
Palabra clave:Cognitive bias. Anchoring effect. Decoy effect.
Sesgos cognitivos. Efecto de anclaje. Efecto señuelo.
Vieses cognitivos. Efeito âncora. Efeito chamariz.
Descripción
Sumario:Cognitive bias affect the decisions of agents by diverting them from rational choice. This work aims to identify the effect of the cognitive bias – known as decoy effect and anchor effect – in the choice between job offers. Using experimental methodology, 142 administration students responded to a questionnaire that presented hypothetical employment opportunities for them to choose, including remunerations and anchors and decoys. The results show that the cognitive bias influence the professional choices and the minimum remuneration the respondents would accept as compensation for their work.