Framing effects and the reinforcement heuristic

Carlos Alós-Ferrer, Sabine Hügelschäfer and Jiahui Li

Economics Letters, 2017, vol. 156, issue C, 32-35

Abstract: We examine the effect of win/loss framing on individuals’ use of a reinforcement heuristic in an incentivized probability-updating task. A loss frame strengthens the basic impulse to shift away from an unsuccessful option, but only if this option was chosen freely before.

Keywords: Framing; Reinforcement heuristic; Bayesian updating (search for similar items in EconPapers)
JEL-codes: C91 D03 D83 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:156:y:2017:i:c:p:32-35

DOI: 10.1016/j.econlet.2017.03.038

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