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In terms of role assignment and informational characteristics, different contexts have been used when measuring distributional preferences. This could be problematic as contextual variance may inadvertently muddle the measurement process. We use a within-subjects design and systemically vary...
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2 × 2 × 2 experimental design, allows us to investigate the responsemode (rating versus valuation) and framing … Lorenz relations, whereas the valuations violate them. The framing effect is significant only for the Spanish data. For this … data the sign of the framing effect depends on the type of the Lorenz relation considered. For crossing Lorenz curves, a …
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We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
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To nudge is to design choice contexts in order to improve choice outcomes. Richard Thaler and Cass Sunstein emphatically endorse nudging but reject more restrictive means. In contrast, I argue that the behavioral psychology that motivates nudging also motivates what may be called jolting—i.e....
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