Data and Code for: Revealing Choice Bracketing
Principal Investigator(s): View help for Principal Investigator(s) Andrew Ellis, London School of Economics; David J Freeman, Simon Fraser University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| risk200 | 08/08/2024 01:27:PM | ||
| shopping150 | 08/08/2024 01:27:PM | ||
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text/x-web-markdown | 1.6 KB | 08/08/2024 09:26:AM |
Project Description
Summary:
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This contains the data and code used for the analysis in "Revealing Choice Bracketing." Its abstract follows. Experiments suggest that people fail to take into account interdependencies between their choices – they do not broadly bracket. Researchers often instead assume that people narrowly bracket, but existing designs do not test it. We design a novel experiment and revealed preference tests for how someone brackets their choices. In portfolio allocation under risk, social allocation, and induced-value shopping experiments, 40-43% of subjects are consistent with narrow bracketing and 0-16% with broad bracketing. Adjusting for each model's predictive precision, 74% of subjects are best described by narrow bracketing, 13% by broad bracketing, and 6% by intermediate cases.
Scope of Project
Subject Terms:
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choice bracketing;
revealed preference;
experiment
JEL Classification:
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D01 Microeconomic Behavior: Underlying Principles
D90 Micro-Based Behavioral Economics: General
D01 Microeconomic Behavior: Underlying Principles
D90 Micro-Based Behavioral Economics: General
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