Narrow Framing in Risk Aversion Experiments: Further Evidence From a Wide Replication
通过荷兰代表性样本的三个实验和调查数据，复制了丹麦研究中关于个体在实验中孤立评估实验收益的发现，并证明该发现对家庭财富、个人及家庭收入、不同激励结构和赌注规模均稳健。
ABSTRACT When evaluating risky options in experimental settings, do individuals integrate background finances with experimental earnings? An existing study, which combines experimental data on lottery choices and administrative data on personal wealth in Denmark, shows that individuals evaluate experimental payoffs in isolation. We replicate this finding using data from three experiments and survey‐based measures of background finances for a representative Dutch sample. We show that the finding based on personal wealth extends to household wealth, personal income, and household income. The finding is also robust to different elicitation instruments, incentive structures, stake sizes, and interpersonal behavioral heterogeneity.