In many settings, decision-makers' behavior is observed to vary based on seemingly arbitrary factors. Such framing … effects cast doubt on the welfare conclusions drawn from revealed preference analysis. We relax the assumptions underlying … that approach to accommodate settings in which framing effects are present. Plausible restrictions of varying strength …

rolled out with a long-run experiment, which allows us to measure its short-run and long-run effects. We find that, although …

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …

experiment, we recover preferences and consideration probabilities using only data on which items were ultimately chosen, and we …

exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …

policymaking tools available to improve their informativeness is the framing of this information. We introduce a general …

using administrative transaction data and a post-experiment survey. Temporary discounts lead to substantial increases in the …

by information problems alone. We demonstrate that a simple model of narrow framing, where consumers do not fully account …