- A-Z
- Jena Economics Rese...
- Volume 2
- Manipulating Refere...
Manipulating Reference States: The Effect of Attitudes on Utility
- Author
- published
- Fri May 30 2008
- Number of discussion paper
-
2008-044
- keyword(s)
-
attitudes
experiment
priming
reference state
utility
- abstract
-
In economic theory, utility depends on past, present and future outcomes. The experiment described in this paper suggests that utility also depends on people’s attitudes, and that it can easily be manipulated through these attitudes. The results imply, first, that purely outcome-based models of individual utility may be incomplete. Second, that reference-states are not determined completely endogenously but can be influenced from outside. And third, that experiments in economics may be sensitive to subtle details of the experimental design.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- experimental economics
- JEL-Classification for JER
- D01 - Microeconomic Behavior: Underlying Principles ; D10 - General ; C91 - Laboratory, Individual Behavior
- URN
- urn:nbn:de:urmel-70b5dfd2-8de6-4dd2-b16b-fea8a43dcbe17-00119669-18