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Frames, trade-offs, and perspectives

Published online by Cambridge University Press:  25 October 2022

Ori Weisel
Affiliation:
Coller School of Management, Tel Aviv University, Tel Aviv 6997801, Israel [email protected]; https://english.tau.ac.il/profile/oriw
Ro'i Zultan
Affiliation:
Department of Economics, Ben-Gurion University of the Negev, Beer Sheva 8410501, Israel [email protected]; https://www.bgu.ac.il/~zultan/

Abstract

Bermúdez argues for rational framing effects based on normatively appropriate quasi-cyclical preferences. We suggest that this argument conflates preferences over specific outcomes with preferences over outcome aspects. Instead of implying quasi-cyclical preferences, framing affects decisions through standard economic trade-offs. Nonetheless, we demonstrate that framing can affect behavior through altering perceptions of particular outcome aspects when framing effects are not decomposable.

Type
Open Peer Commentary
Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press

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