Are experienced people affected by a pre-set default option—Results from a field experiment
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2011.06.002
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Abadie, Alberto & Gay, Sebastien, 2006.
"The impact of presumed consent legislation on cadaveric organ donation: A cross-country study,"
Journal of Health Economics, Elsevier, vol. 25(4), pages 599-620, July.
- Abadie, Alberto & Gay, Sebastien, 2004. "The Impact of Presumed Consent Legislation on Cadaveric Organ Donation: A Cross Country Study," Working Paper Series rwp04-024, Harvard University, John F. Kennedy School of Government.
- Alberto Abadie & Sebastien Gay, 2004. "The Impact of Presumed Consent Legislation on Cadaveric Organ Donation: A Cross Country Study," NBER Working Papers 10604, National Bureau of Economic Research, Inc.
- James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2004.
"For Better or for Worse: Default Effects and 401(k) Savings Behavior,"
NBER Chapters, in: Perspectives on the Economics of Aging, pages 81-126,
National Bureau of Economic Research, Inc.
- James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2001. "For Better or For Worse: Default Effects and 401(k) Savings Behavior," NBER Working Papers 8651, National Bureau of Economic Research, Inc.
- James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2002. "For Better or For Worse: Default Effects and 401(k) Savings Behavior," JCPR Working Papers 256, Northwestern University/University of Chicago Joint Center for Poverty Research.
- Jean Tirole & Roland Bénabou, 2006.
"Incentives and Prosocial Behavior,"
American Economic Review, American Economic Association, vol. 96(5), pages 1652-1678, December.
- Bénabou, Roland & Tirole, Jean, 2003. "Incentives and Prosocial Behavior," IDEI Working Papers 389, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jan 2006.
- Roland Bénabou & Jean Tirole, 2006. "Incentives and Prosocial Behavior," Post-Print hal-00173700, HAL.
- Roland Bénabou & Jean Tirole, 2005. "Incentives and Prosocial Behavior," NBER Working Papers 11535, National Bureau of Economic Research, Inc.
- Roland Benabou & Jean Tirole, 2004. "Incentives and Prosocial Behavior," Working Papers 137, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
- Tirole, Jean & Bénabou, Roland, 2004. "Incentives and Prosocial Behaviour," CEPR Discussion Papers 4633, C.E.P.R. Discussion Papers.
- Benabou, Roland & Tirole, Jean, 2005. "Incentives and Prosocial Behavior," IZA Discussion Papers 1695, Institute of Labor Economics (IZA).
- Richard H. Thaler & Cass R. Sunstein, 2023.
"Libertarian paternalism,"
Chapters, in: Cass R. Sunstein & Lucia A. Reisch (ed.), Research Handbook on Nudges and Society, chapter 1, pages 10-16,
Edward Elgar Publishing.
- Richard H. Thaler & Cass R. Sunstein, 2003. "Libertarian Paternalism," American Economic Review, American Economic Association, vol. 93(2), pages 175-179, May.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Gabriel D. Carroll & James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2009.
"Optimal Defaults and Active Decisions,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1639-1674.
- Gabriel D. Carroll & James J. Choi & David Laibson & Brigitte Madrian & Andrew Metrick, 2005. "Optimal Defaults and Active Decisions," NBER Working Papers 11074, National Bureau of Economic Research, Inc.
- James Choi & David Laibson & Brigitte Madrian & Andrew Metrick, 2005. "Optimal Defaults and Active Decisions," Levine's Bibliography 666156000000000488, UCLA Department of Economics.
- Carroll, Gabriel D. & Choi, James J. & Laibson, David I. & Madrian, Brigitte & Metrick, Andrew, 2009. "Optimal Defaults and Active Decisions," Scholarly Articles 4686776, Harvard University Department of Economics.
- Yair Listokin, 2009. "What Do Corporate Default Rules and Menus Do? An Empirical Examination," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 6(2), pages 279-308, June.
- John A. List, 2003.
"Does Market Experience Eliminate Market Anomalies?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 41-71.
- John List, 2003. "Does market experience eliminate market anomalies?," Natural Field Experiments 00297, The Field Experiments Website.
- Matthew Rabin, 1998.
"Psychology and Economics,"
Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
- Matthew Rabin., 1997. "Psychology and Economics," Economics Working Papers 97-251, University of California at Berkeley.
- Rabin, Matthew, 1997. "Psychology and Economics," Department of Economics, Working Paper Series qt8jd5z5j2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Brigitte C. Madrian & Dennis F. Shea, 2001.
"The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1149-1187.
- Brigitte C. Madrian & Dennis F. Shea, 2000. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior," NBER Working Papers 7682, National Bureau of Economic Research, Inc.
- John A. List, 2001.
"Do Explicit Warnings Eliminate the Hypothetical Bias in Elicitation Procedures? Evidence from Field Auctions for Sportscards,"
American Economic Review, American Economic Association, vol. 91(5), pages 1498-1507, December.
- John List, 2001. "Do explicit warnings eliminate the hypothetical bias in elicitation procedures? Evidence from field auctions for sportscards," Framed Field Experiments 00163, The Field Experiments Website.
- Cass R. Sunstein & Richard H. Thaler, 2003. "Libertarian paternalism is not an oxymoron," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 48(Jun).
- Johnson, Eric J & Hershey, John & Meszaros, Jacqueline & Kunreuther, Howard, 1993. "Framing, Probability Distortions, and Insurance Decisions," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 35-51, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016.
"Decision-making approaches and the propensity to default: Evidence and implications,"
Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
- Jeffrey R. Brown & Anne M. Farrell & Scott J. Weisbenner, 2015. "Decision-Making Approaches and the Propensity to Default: Evidence and Implications," NBER Working Papers 20949, National Bureau of Economic Research, Inc.
- Damgaard, Mette Trier & Nielsen, Helena Skyt, 2018.
"Nudging in education,"
Economics of Education Review, Elsevier, vol. 64(C), pages 313-342.
- Mette Trier Damgaard & Helena Skyt Nielsen, 2017. "Nudging in education," Economics Working Papers 2017-05, Department of Economics and Business Economics, Aarhus University.
- Damgaard, Mette Trier & Nielsen, Helena Skyt, 2018. "Nudging in Education," IZA Discussion Papers 11454, Institute of Labor Economics (IZA).
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Gabriel D. Carroll & James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2009.
"Optimal Defaults and Active Decisions,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1639-1674.
- James Choi & David Laibson & Brigitte Madrian & Andrew Metrick, 2005. "Optimal Defaults and Active Decisions," Levine's Bibliography 666156000000000488, UCLA Department of Economics.
- Carroll, Gabriel D. & Choi, James J. & Laibson, David I. & Madrian, Brigitte & Metrick, Andrew, 2009. "Optimal Defaults and Active Decisions," Scholarly Articles 4686776, Harvard University Department of Economics.
- Gabriel D. Carroll & James J. Choi & David Laibson & Brigitte Madrian & Andrew Metrick, 2005. "Optimal Defaults and Active Decisions," NBER Working Papers 11074, National Bureau of Economic Research, Inc.
- Egebark, Johan & Ekström, Mathias, 2016.
"Can indifference make the world greener?,"
Journal of Environmental Economics and Management, Elsevier, vol. 76(C), pages 1-13.
- Egebark, Johan & Ekström, Mathias, 2013. "Can Indifference Make the World Greener?," Working Paper Series 975, Research Institute of Industrial Economics.
- Egebark, Johan & Ekström, Mathias, 2013. "Can Indifference Make the World Greener?," Research Papers in Economics 2013:12, Stockholm University, Department of Economics.
- Takanori Ida & Wenjie Wang, 2014. "A Field Experiment on Dynamic Electricity Pricing in Los Alamos:Opt-in Versus Opt-out," Discussion papers e-14-010, Graduate School of Economics Project Center, Kyoto University.
- Dolan, P. & Hallsworth, M. & Halpern, D. & King, D. & Metcalfe, R. & Vlaev, I., 2012. "Influencing behaviour: The mindspace way," Journal of Economic Psychology, Elsevier, vol. 33(1), pages 264-277.
- Wang, Wenjie & Ida, Takanori & Shimada, Hideki, 2020. "Default effect versus active decision: Evidence from a field experiment in Los Alamos," European Economic Review, Elsevier, vol. 128(C).
- Beshears, John & Kosowsky, Harry, 2020. "Nudging: Progress to date and future directions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 161(S), pages 3-19.
- Asen Ivanov, 2021.
"Optimal pension plan default policies when employees are biased,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 583-596, June.
- Asen Ivanov, 2019. "Optimal Pension Plan Default Policies when Employees are Biased," Working Papers 893, Queen Mary University of London, School of Economics and Finance.
- Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2013.
"Simplification and saving,"
Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 130-145.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2006. "Simplification and Saving," NBER Working Papers 12659, National Bureau of Economic Research, Inc.
- John Beshears & James Choi & David Laibson & Brigitte Madrian, 2008. "Simplification and Saving," Yale School of Management Working Papers amz2392, Yale School of Management.
- Beshears, John Leonard & Choi, James J. & Laibson, David I. & Madrian, Brigitte C., 2012. "Simplification and Saving," Scholarly Articles 9925399, Harvard University Department of Economics.
- Marco Fabbri & Michael Faure, 2018. "Toward a “constitution” for behavioral policy-making," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(3), pages 241-270, September.
- Beshears, John & Choi, James J. & Laibson, David & Madrian, Brigitte C., 2008.
"How are preferences revealed?,"
Journal of Public Economics, Elsevier, vol. 92(8-9), pages 1787-1794, August.
- John Beshears & James Choi & David Laibson & Brigitte Madrian, 2007. "How Are Preferences Revealed?," Levine's Bibliography 122247000000001760, UCLA Department of Economics.
- Beshears, John Leonard & Choi, James J. & Laibson, David I. & Madrian, Brigitte, 2008. "How Are Preferences Revealed?," Scholarly Articles 11130523, Harvard University Department of Economics.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2008. "How are Preferences Revealed?," NBER Working Papers 13976, National Bureau of Economic Research, Inc.
- John Beshears & James Choi & David Laibson & Brigitte Madrian, 2008. "How are Preferences Revealed?," Yale School of Management Working Papers amz2466, Yale School of Management.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2009.
"The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States,"
NBER Chapters, in: Social Security Policy in a Changing Environment, pages 167-195,
National Bureau of Economic Research, Inc.
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2005. "The importance of default options for retirement saving outcomes: evidence from the United States," CeRP Working Papers 43, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian, 2006. "The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States," NBER Working Papers 12009, National Bureau of Economic Research, Inc.
- Fadlon, Itzik & Laibson, David, 2022.
"Paternalism and pseudo-rationality: An illustration based on retirement savings,"
Journal of Public Economics, Elsevier, vol. 216(C).
- Itzik Fadlon & David Laibson, 2017. "Paternalism and Pseudo-Rationality: An Illustration Based on Retirement Savings," NBER Working Papers 23620, National Bureau of Economic Research, Inc.
- Committee, Nobel Prize, 2017. "Richard H. Thaler: Integrating Economics with Psychology," Nobel Prize in Economics documents 2017-1, Nobel Prize Committee.
- Altmann, Steffen & Falk, Armin & Grunewald, Andreas, 2013.
"Incentives and Information as Driving Forces of Default Effects,"
IZA Discussion Papers
7610, Institute of Labor Economics (IZA).
- Altmann, Steffen & Falk, Armin & Grunewald, Andreas, 2015. "Incentives and Information as Driving Forces of Default Effects," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 516, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- van Rooij, Maarten & Teppa, Federica, 2014. "Personal traits and individual choices: Taking action in economic and non-economic decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 100(C), pages 33-43.
- Jia Liu & Yohanes E. Riyanto, 2017. "The limit to behavioral inertia and the power of default in voluntary contribution games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 48(4), pages 815-835, April.
- Schnellenbach, Jan & Schubert, Christian, 2015.
"Behavioral political economy: A survey,"
European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
- Jan Schnellenbach & Christian Schubert, 2014. "Behavioral Political Economy: A Survey," CESifo Working Paper Series 4988, CESifo.
More about this item
Keywords
CO2 offsetting; Default option; Field experiment; Public goods;All these keywords.
JEL classification:
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:63:y:2012:i:1:p:66-72. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.