Article ID Journal Published Year Pages File Type
5067899 European Journal of Political Economy 2015 15 Pages PDF
Abstract
Political decision-making involves the presentation of policy options from opposing points of view and in different lights. We test whether economic policy decisions are subject to equivalency framing by presenting survey participants with binary risky-choice decisions in hypothetical policy scenarios. Potentially mediating influences of expertise on the framing effect are explored using responses of students and professionals. Expertise is thereby defined in line with common education and work experience criteria in the recruitment of public officials. We mostly find unidirectional framing effects in the economic policy scenarios and a similar susceptibility of respondents with different levels of expertise. A logistic regression of the expertise variables on the choice between certain and risky options reveals only the frame to have a systematically significant effect across scenarios. The results indicate that expertise may not necessarily help to make better policy choices under risk, if the available options are framed differently.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
, , ,