Article ID Journal Published Year Pages File Type
5059719 Economics Letters 2012 4 Pages PDF
Abstract
► We examine the effect of defaults on choice behavior in experience-based decisions. ► We designed and ran the “radio-button” experimental paradigm. ► We compare behavior in the “clicking” and “radio-button” experimental paradigms. ► Self-set default options share the basic properties of decisions from experience. ► The introduction of defaults reduces the tendency to prefer the status quo.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Decisions among defaults and the effect of the option to do nothing
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