کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
883735 912347 2012 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Framing effects and impatience: Evidence from a large scale experiment
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Framing effects and impatience: Evidence from a large scale experiment
چکیده انگلیسی

We confront a representative sample of 1102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment stimulates decision makers to frame a sequence of risky decisions broadly rather than narrowly. We find that the framing effect is significantly larger for impatient than for patient individuals. This result is robust to controlling for various economic and demographic variables and for cognitive ability.


► Our experimental treatments differ by the frequency at which individuals make investment decisions.
► The low-frequency treatment stimulates subjects to frame broadly.
► We find that the framing effect is significantly larger for impatient than for patient individuals.
► Policy relevance stems from the fact that impatience is associated with problematic behaviors.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 84, Issue 2, November 2012, Pages 701–711
نویسندگان
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