There is robust evidence in the experimental economics literature showing that monopoly power affected by trading institutions. In this paper, we study whether institutions themselves can shape agents' market behavior through formation of anchors. We recreate experimentally five different double-auction structures (perfect competition, perfect competition with quotas, cartel on price, price and...

Three experiments examined whether the survival of the phonological similarity effect (PSE) under articulatory suppression for auditory but not visual to-be-serially recalled lists is a perceptual effect rather than an effect arising from the action of a bespoke phonological store. Using a list of 5 auditory items, a list length at which the expression of phonological storage should, ostensibly...

Previous research has demonstrated that recall performance is facilitated by the order of presentation of salient stimuli, referred to as the category-order effect (Brooks & Watkins, 1990; Greene & Lasek, 1994). Specifically, recall is higher on the full list when numbers precede words. To extend and clarify this research, Experiment 1 modified Brooks and Watkins’ paradigm by presenting items a...

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