Revealing Choice Bracketing
通过新颖实验和显示偏好检验，发现40-43%的受试者在风险投资、社会分配和购物实验中表现为窄框定，仅0-16%为宽框定，调整预测精度后74%受试者最佳描述为窄框定。
Experiments suggest that people fail to take into account interdependencies between their choices—they do not broadly bracket. Researchers often instead assume people narrowly bracket, but existing designs do not test it. We design a novel experiment and revealed preference tests for how someone brackets their choices. In portfolio allocation under risk, social allocation, and induced-value shopping experiments, 40–43 percent of subjects are consistent with narrow bracketing, and 0–16 percent with broad bracketing. Adjusting for each model’s predictive precision, 74 percent of subjects are best described by narrow bracketing, 13 percent by broad bracketing, and 6 percent by intermediate cases.