Five studies examine the role that category and exemplar knowledge play in
the mediation of anchoring effects-the assimilation of an absolute estimate
to a previously considered standard. Studies I through 3 demonstrate that
comparing the target object with a plausible anchor (i.e., a standard that
constitutes a possible value for the target) leads to a selective increase
in the accessibility of anchor-consistent exemplar knowledge about the targ
et. This easily accessible knowledge is then used to generate the absolute
estimate, which leads to its assimilation to the standard. Studies 4 and 5
demonstrate that comparing the target with an implausible anchor, however,
involves the activation of knowledge about the general category of the targ
et rather than exemplar knowledge about the target itself.