The expanding definition of framing and its particular impact on economic experimentation |
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| Affiliation: | 1. Dept. of Diagnostical and Interventional Radiology, University Hospital of Cologne, Germany;2. Institute of Medical Statistics, Informatics and Epidemiology, University of Cologne, Germany;3. Breast Center and Dept. of Obstetrics and Gynecology, University Hospital of Cologne, Germany;4. Center for Hereditary Breast and Ovarian Cancer, Center for Integrated Oncology (CIO) and Center for Molecular Medicine Cologne (CMMC), Medical Faculty, University of Cologne and University Hospital of Cologne, Germany;5. Dept. of Diagnostical Radiology, Helios Hospital, Siegburg, Germany;6. Dept. of Pathology, University Hospital of Cologne, Germany;1. School of Chemistry, Physics and Mechanical Engineering, Science and Engineering Faculty, Queensland University of Technology, GPO Box 2434, Brisbane, Queensland 4001, Australia;2. Geology Department, School of Mines, Federal University of Ouro Preto, Campus Morro do Cruzeiro, Ouro Preto, MG 35400-00, Brazil;1. Department of Economics and Management, Université de Cergy-Pontoise & THEMA,Cergy-Pontoise, 95011, France;2. Department of Economics, University of Georgia, Athens, GA, 30602, USA;1. Department of Gynecology and Obstetrics, University Hospital of Cologne, Kerpener Straße 34, 50931 Cologne, Germany;2. Breast Center, Kliniken Essen-Mitte, Henricistraße 92, 45136 Essen, Germany;3. Department of Medical Statistics, Informatics and Epidemiology, University of Cologne, Kerpener Straße. 62, 50937 Cologne, Germany;4. Department of Nuclear Medicine, University Hospital of Cologne, Kerpener Straße 62, 50937 Cologne, Germany;5. Breast Center, University Hospital of Cologne, Kerpener Straße 34, 50931 Cologne, Germany;1. Department of Genetics, Institute for Cancer Research, Oslo University Hospital, Oslo, Norway;2. Department of Pathology, Oslo University Hospital, Oslo, Norway;3. Department of Hepato-Pancreato-Biliary Surgery, Oslo University Hospital, Oslo, Norway;4. Department of Informatics, University of Oslo, Oslo, Norway;5. Department of Oncology, Oslo University Hospital, Oslo, Norway;6. Department of Environmental and Health Studies, Faculty of Arts and Sciences, Telemark University College, Telemark, Norway;7. Faculty of Medicine, University of Oslo, Oslo, Norway |
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| Abstract: | In both experimental economics and psychology, framing research has focused primarily on the reflection effect. Recently, however, economic research on framing has employed a broader definition which incorporates context and institutional factors in a more general and productive way-a way which is also more consistent with the goals of socio-economics. This paper explores this expanding definition of framing and its particular impact on economic experimentation. A wide range of studies are reviewed to illustrate the influence on economics of the changes in understandings of framing, and to examine some of the evidence for context-dependent choice. Research concerning fairness and institutional framing, social norms, reference points, and non-rational choice is considered. Because of the complementarity between economic experimentation and economic theory, these advances in framing research are viewed as further positive signs of the opening of neoclassical economics to socio-economic premises. |
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