susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that … of contexts. In this study, we extend the willpower depletion paradigm to framing effects and argue that willpower … depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …

This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and … shocks, and the framing of shocks. The results reveal that – even with little information about the random term determining … behavior is robust to the framing and other people‘s beliefs about income shocks. Given that actual decisions are signicantly …