The attraction effect and its explanations

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 119
Issue: C
Pages: 123-147

Score contribution per author:

2.018 = (α=2.02 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The attraction effect violates choice consistency, one of the central assumptions of economics. I present a risky choice experiment to test it and disentangle some of its explanations. I find the attraction effect, but in a smaller magnitude than previously thought. I uncover a ‘range effect’ that shows that people weight more attributes whose range increases. I also show that the aggregate results hide considerable heterogeneity between subjects.

Technical Details

RePEc Handle
repec:eee:gamebe:v:119:y:2020:i:c:p:123-147
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25