Framing Effects in Intertemporal Choices

3 Two‐Step Experiments

Bibliographic Data

ID9956598
AuthorsValeria Faralla (0000-0002-2453-3245, Dipartimento di Studi per l'Economia e l'Impresa Università del Piemonte Orientale Novara Italy, corresponding author), Matteo Migheli (0000-0001-5051-4462, Dipartimento di Economia e Statistica “Cognetti de Martiis” Università di Torino Torino Italy), Marco Novarese (0000-0001-8957-469X, Dipartimento di Giurisprudenza e Scienze Politiche, Economiche e Sociali Università del Piemonte Orientale Alessandria Italy)
Year2025
Volume78
Issue2
Pages384-398
Publication date2025-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueKyklos (JOURNAL)
Journal identifiersISSN: 0023-5962 • E-ISSN: 1467-6435
PublisherWiley (PUBLISHER • GB)
DOI10.1111/kykl.12426
OpenAlexW4404093083
LanguageEN
Citations received1
References cited56

Framings may affect individuals' choices. In particular, the perception of (implicit) risks and their costs may influence intertemporal choices. In a between‐subjects experimental design, participants are presented choices either in a standard (i.e., current vs. future payoffs), penalty (i.e., the same as before, presenting the differences between present and future amounts as losses), future‐improved (i.e., increasing by 35% the future payoff with respect to the standard frame) or penalty present‐improved way (i.e., with small differences between present and future amounts). Undergraduate students participated in 3 two‐step experiments. The results show that the negative and the present‐improved frames render the participants more patient and subjects who are trained to be more farsighted using a penalty decision problem continue to be patient in subsequent classical formulations where that specific attribute is no longer present

Econometrics · Economics · Framing (construction) · Framing effect · Geography · Positive economics · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Experimental Behavioral Economics Studies · Psychology · Social Psychology

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