Frames as choice superstructures
The seminal research work by Kaheman and Tversky proved that framing effects can widely influence choice behavior. This finding has led to a new field of economic research to explain how individuals internalize referential structures, context conditions and social norms of behavior in choice problems. In this context, the idea of a frame of choice has been proposed, although this concept has been interpreted in different ways. In what follows, we firstly discuss different interpretations of what a frame is, then we propose a new tool, namely, the concept of choice superstructure, to characterize how frames of choice affect choice behavior.
Year of publication: |
2011
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Authors: | Lanzi, Diego |
Published in: |
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics). - Elsevier, ISSN 2214-8043. - Vol. 40.2011, 2, p. 115-123
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Publisher: |
Elsevier |
Subject: | Frames Embedded rationality Choice superstructures |
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