Are Experimental Economists Prone to Framing Effects? A Natural Field Experiment

Authors:
  • SGSimon Gaechter
    Simon Gaechter
  • HOHenrik Orzen
    Henrik Orzen
  • ERElke Renner
    Elke Renner
  • CSChris Starmer
    Chris Starmer
Preprint
Publisher website
Google Scholar
  • 1 January 2007
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.