Motivated Reasoning, Information Avoidance, and Default Bias
Katharina Momsen () and
Working Papers from Faculty of Economics and Statistics, Universität Innsbruck
We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation options worth $100, we vary the availability of information and the presence of a default. Information avoidance, when possible, increases default effects considerably, manifesting a hitherto undocumented channel of the default bias. Moreover, we show that defaults trigger motivated reasoning: In the presence of a default – even if self-selected–, participants consider new information to a lower degree than without a preselected option.
Keywords: Motivated reasoning; information avoidance; defaults; status quo; charitable giving; experiment (search for similar items in EconPapers)
JEL-codes: C90 D64 D83 D91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-exp
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Working Paper: Motivated Reasoning, Information Avoidance, and Default Bias (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:inn:wpaper:2022-05
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