Data and Code for: Evaluating Deliberative Competence: A Simple Method with an Application to Financial Choice
收藏ICPSR2022-01-01 更新2026-04-16 收录
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资源简介：
This is data and code accompanying the referenced article that has the following abstract: We examine methods for evaluating interventions designed to improve decision-making quality when people misunderstand the consequences of their choices. In an experiment involving financial education, conventional outcome metrics (financial literacy and directional behavioral responses) imply that two interventions are equally beneficial even though only one reduces the average severity of errors. We trace these failures to violations of the assumptions embedded in the conventional metrics. We propose a simple, intuitive, and broadly applicable outcome metric that properly differentiates between the interventions, and is robustly interpretable as a measure of welfare loss from misunderstanding consequences even when additional biases distort choices.<br>
提供机构：
University of Zurich; Stanford University; The George Washington University
创建时间：
2022-01-01
