Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69466
Authors: 
van der Heijden, Eline
Klein, Tobias J.
Müller, Wieland
Potters, Jan
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 7085
Abstract: 
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment stimulates decision makers to frame a sequence of risky decisions broadly rather than narrowly. We find that the framing effect is significantly larger for impatient than for patient individuals. This result is robust to controlling for various economic and demographic variables and for cognitive ability.
Subjects: 
framing
choice under risk
time preference
experiment
JEL: 
C93
D03
D81
Document Type: 
Working Paper

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