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Choice Bracketing revisited: Replication and extensions Registered Report of seven experiments reviewed in Read et al. (1999) [PDF]
Royal Society Open ScienceChoice partitioning refers to the phenomenon when the same choice set yields different decision-making behaviour when they are grouped into sets (broadly bracketed) or evaluated separately (narrowly bracketed). In a Registered Report experiment with a US
Chun Lam Wong, Gilad Feldman
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Revealing Choice Bracketing [PDF]
American Economic ReviewExperiments 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.
David Freeman, Andrew Ellis
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International Journal of Qualitative MethodsPhenomenology remains a central yet often misunderstood approach in qualitative inquiry, valued for its ability to reveal the meanings of lived experience.
Adam Ash
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Bracketing effects on risk tolerance: Generalizability and underlying mechanisms
Judgment and Decision Making, 2010 Research has shown that risk tolerance increases when multiple decisions and associated outcomes are presented together in a broader “bracket” rather than one at a time.
Ester Moher, Derek J. Koehler
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Management decisions on commercial sugarcane farms in KwaZulu-Natal: a focus on choice bracketing behaviour for risk management [PDF]
Agrekon, 2008 The sugar industry is an important contributor to the South African (SA) economy, with average annual production estimated at 2.5 million tons of sugar. This study aims to quantify actual use of management instruments by a sample of commercial sugarcane farmers in KwaZulu-Natal (KZN) that are commonly associated with risk management, and uses factor ...
G F Ortmann
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Is broad bracketing always better? How broad decision framing leads to more optimal preferences over repeated gambles [PDF]
Judgment and Decision Making, 2017 The effect of choice bracketing — the consideration of repeated decisions as a set versus in isolation — has important implications for products that are inherently time-sensitive and entail varying levels of risk, including retirement accounts ...
Elizabeth C. Webb, Suzanne B. Shu
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Myopic loss aversion: Potential causes of replication failures [PDF]
Judgment and Decision Making, 2013 This paper presents two studies on narrow bracketing and myopic loss aversion. The first study shows that the tendency to segregate multiple gambles is eliminated if subjects face a certainty equivalent or a probability equivalent task instead of a ...
Alexander Klos
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The effects of surrounding positive and negative experiences on risk taking [PDF]
Judgment and Decision Making, 2016 Two experiments explored how the context of recently experiencing an abundance of positive or negative outcomes within a series of choices influences risk preferences. In each experiment, choices were made between a series of pairs of hypothetical 50/50
Sandra Schneider +2 more
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Narrow Bracketing and Dominated Choices [PDF]
American Economic Review, 2007 We show that any decision maker who “narrowly brackets” (evaluates decisions separately) and does not have constant-absolute-risk-averse preferences will make a first-order stochastically dominated combined choice in some simple pair of independent binary decisions.
Matthew Rabin, Georg Weizsacker
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A Theory of Choice Bracketing under Risk [PDF]
Proceedings of the 22nd ACM Conference on Economics and Computation, 2021 Aggregating risks from multiple sources can be complex and demanding, and decision makers usually adopt heuristics to simplify the evaluation process. This paper axiomatizes two closed related and yet different heuristics, narrow bracketing and correlation neglect, by relaxing the independence axiom in the expected utility theory.
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