16:00 - 17:30
Thu-PS3
Chair/s:
Ranoua Bouchouicha
Room: Floor 2, Auditorium 3
Florian Kerzenmacher - Search Costs and Context Effects
Francesco Fallucchi - Narrow bracketing in work choices
Noemi Peter - Information preferences and reference points: experimental evidence
Ranoua Bouchouicha - Choice lists and ‘standard patterns’ of risk-taking
Choice lists and ‘standard patterns’ of risk-taking
Ranoua Bouchouicha, Ferdinand Vieider, Jilong Wu
Ghent University
Choice lists are a popular tool to elicit individual preferences. They provide rich information while nudging subjects towards consistency–a factor that is important for deterministic models of choice. In a series of experiments comparing choice lists to the underlying binary choices, we document systematic context effects arising from choice list formats. We discuss the implications of such context effects for models of decision making and their experimental measurement.