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Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries' worst outcomes. We show how to undo this result.
Persistent link: https://www.econbiz.de/10010276435
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10010276455
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …
Persistent link: https://www.econbiz.de/10010277474
main approach relies on framing: Call individuals 'firms'! This experimental approach is not in line with modern industrial … Stackelberg experiment is considered in order to answer the question whether framing individual decision making as firm decision …
Persistent link: https://www.econbiz.de/10010312013
broadly rather than narrowly. We find that the framing effect is significantly larger for impatient than for patient …
Persistent link: https://www.econbiz.de/10010291450
core groups on the shop floor level succeed in re-framing the hegemonic political culture of relationships between …
Persistent link: https://www.econbiz.de/10012543709
advance the land access claims of local communities, social movement actors engage in specific framing strategies to mobilize …' framing strategies in conflicts over large-scale mining and agro-industrial projects. Discursive opportunity structures (DOS …) and framing are the key theoretical concepts used. I argue that the outcomes of framing strategies can only be understood …
Persistent link: https://www.econbiz.de/10012015824
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …
Persistent link: https://www.econbiz.de/10010293368
2 × 2 × 2 experimental design, allows us to investigate the response-mode (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 …
Persistent link: https://www.econbiz.de/10010296241
overestimated and the importance of the tax base being significantly underestimated. Furthermore we determine framing effects and …
Persistent link: https://www.econbiz.de/10010302277