Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7112 |
DP7112 A test of narrow framing and its origin | |
Luigi Guiso | |
发表日期 | 2009 |
出版年 | 2009 |
语种 | 英语 |
摘要 | I provide a test of narrow framing to explain why individuals turn down small positive expected value lotteries. Participants in a large survey have been asked whether they would accept a small lottery of winning 180 euros with probability of 1/2 or losing 100 euros with the same probability. To half of the sample, randomly selected, the lottery question was asked at the beginning of the interview; the other half made the decision immediately after they were asked to think about and report their subjective probability distribution of future earnings. Consistent with narrow framing, I find that individuals that were induced to bring their earnings risk to mind before facing the decision are significantly less likely to turn it down. Furthemore, only those who actually say they are uncertain about their incomes are less likely to reject the lottery. I show that attitudes towards regret and reliance on intuition rather than reasoning are likely to drive the tendency to frame choices narrowly. |
主题 | Financial Economics ; International Macroeconomics |
关键词 | Intuitive thinking Loss aversion Narrow framing Reasoning Regret |
URL | https://cepr.org/publications/dp7112 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535949 |
推荐引用方式 GB/T 7714 | Luigi Guiso. DP7112 A test of narrow framing and its origin. 2009. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Luigi Guiso]的文章 |
百度学术 |
百度学术中相似的文章 |
[Luigi Guiso]的文章 |
必应学术 |
必应学术中相似的文章 |
[Luigi Guiso]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。