Are Experimental Economists Prone to Framing Effects? A Natural Field Experiment
Simon Gaechter (),
Henrik Orzen (),
Elke Renner and
Chris Starmer ()
Additional contact information Simon Gaechter: Centre for Decision Research and Experimental Economics, University of Nottingham
Elke Renner: Centre for Decision Research and Experimental Economics, University of Nottingham
Authors registered in the RePEc Author Service: Simon Gächter ()
Abstract:
An extensive literature demonstrates the existence of framing effects in the laboratory and in questionnaire studies. This paper reports new evidence from a natural field experiment using a subject pool one may consider as particularly resistant to such effects: experimental economists. We find that while the behaviour of junior experimental economists is affected by the description of the decision task they face, this is not the case for the more senior members of our subject pool.