@article{5107a1c0242d43b0991ef90ff9946fc2,
title = "Framing effects and the reinforcement heuristic",
abstract = "We examine the effect of win/loss framing on individuals{\textquoteright} use of a reinforcement heuristic in an incentivized probability-updating task. A loss frame strengthens the basic impulse to shift away from an unsuccessful option, but only if this option was chosen freely before.",
keywords = "Bayesian updating, Framing, Reinforcement heuristic",
author = "Carlos Al{\'o}s-Ferrer and Sabine H{\"u}gelsch{\"a}fer and Jiahui Li",
note = "Funding Information: The authors thank an anonymous referee for helpful comments and suggestions. Financial support from the German Research Foundation (DFG) under project Al-1169/4, part of the Research unit “PsychoEconomics” (FOR 1882), is gratefully acknowledged. The Cologne Laboratory for Economic Research (CLER), where the study was conducted, also acknowledges financial support from the German Research Foundation (DFG). Publisher Copyright: {\textcopyright} 2017 Elsevier B.V.",
year = "2017",
month = jul,
day = "1",
doi = "10.1016/j.econlet.2017.03.038",
language = "English (US)",
volume = "156",
pages = "32--35",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier B.V.",
}