Skip to main content

Communication Role for Applying Anchoring Pricing in the Information Sector

  • Conference paper
  • First Online:
Strategic Innovative Marketing

Abstract

This study aims to examine the role of anchoring pricing, including in commercials on social media pages. It will show the users of social media’s influence by digital advertisements. For this research, we designed a questionnaire that was distributed to a wide variety of people in the science community. Before the final version, we sent the participants a pilot survey. The response rate was 40.25 % of the community that received it. The results indicated that people who make online purchases and use the social media are more likely to be influenced by online commercials.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  • Boyd, D. M., & Ellison, N. B. (2008). Social network sites: Definition, history, and scholarship. Journal of Computer-Mediated Communication, 13(1), 210–230.

    Article  Google Scholar 

  • Brewer, N. T., & Chapman, G. B. (2002). The fragile basic anchoring effect. Journal of Behavioral Decision Making, 15(1), 65–77.

    Article  Google Scholar 

  • Caputo, A. (2013). A literature review of cognitive biases in negotiation processes. International Journal of Conflict Management, 24(4), 374–398.

    Article  Google Scholar 

  • Chapman, G., & Johnson, E. (1999). Anchoring, activation, and the construction of values. Organizational Behavior and Human Decision Processes, 79(2), 115–153.

    Article  Google Scholar 

  • Furnham, A., & Boo, H. C. (2011). A literature review of the anchoring effect. The Journal of Socio-Economics, 40(1), 35–42.

    Article  Google Scholar 

  • Kahneman, D. et al. (2006). Would you be happier if you were richer? A focusing illusion.

    Google Scholar 

  • Lilley, S., Grodzinsky, F. S., & Gumbus, A. (2012). Revealing the commercialized and compliant Facebook user. Journal of Information, Communication and Ethics in Society, 10(2), 82–92.

    Article  Google Scholar 

  • Neff, J. (2010). What happens when Facebook trumps your brand site? Advertising Age, 81(30), 2–22.

    Google Scholar 

  • Strack, F., & Mussweiler, T. (1997). Explaining the enigmatic anchoring effect: mechanisms of selective accessibility. Journal of Personality and Social Psychology, 73(3), 437–446.

    Article  Google Scholar 

  • Tversky, A., & Kahneman, D. (1973). Availability: A heuristic for judging frequency and probability. Cognitive Psychology, 5(2), 207–232.

    Article  Google Scholar 

  • Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: heuristics and biases. Science, 185(4157), 1124–1131.

    Article  Google Scholar 

  • Wolff, M. (2012). The Facebook fallacy. MIT Technology Review, 115(4), 70–72.

    Google Scholar 

  • Wu, C.-S., & Cheng, F.-F. (2011). The joint effect of framing and anchoring on internet buyers’ decision-making. Electronic Commerce Research and Applications, 10(3), 358–368.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding authors

Correspondence to Dimitriou Anastasia or Emmanouilidi Maroulia .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing Switzerland

About this paper

Cite this paper

Anastasia, D., Maroulia, E., Sakas, D.P. (2017). Communication Role for Applying Anchoring Pricing in the Information Sector. In: Kavoura, A., Sakas, D., Tomaras, P. (eds) Strategic Innovative Marketing. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-33865-1_78

Download citation

Publish with us

Policies and ethics