G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21210
来源IDWorking Paper 21210
The Making of Homo Honoratus: From Omission to Commission
Michael Hallsworth; John A. List; Robert D. Metcalfe; Ivo Vlaev
发表日期2015-06-01
出版年2015
语种英语
摘要Framing remains one of the pillars of behavioral economics. While framing effects have been found to be quite important in the lab, what is less clear is how well evidence drawn from naturally-occurring settings conforms to received laboratory insights. We use debt obligation to the UK government as a case study to explore the ‘omission bias’ present in decision making with large stakes. Using a natural field experiment that generates nearly 40,000 observations, we find that repayment rates are roughly doubled when the act is reframed as one of commission rather than omission. We estimate that this reframing of the perceived nature of the action generated over $1.3 million of new yield. We find evidence that this behavior may result from a deliberate ‘omission strategy’, rather than a behavioral bias, as is often assumed in the literature. Our natural field experiment highlights that behavioral economics is much more than a series of empirical exercises to quench the intellectual curiosity of academics.
主题Econometrics ; Experimental Design ; Public Economics ; Taxation ; Other ; Law and Economics
URLhttps://www.nber.org/papers/w21210
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578885
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Michael Hallsworth,John A. List,Robert D. Metcalfe,et al. The Making of Homo Honoratus: From Omission to Commission. 2015.
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