Arbeitspapier
Motivated reasoning, information avoidance, and default bias
We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation options worth $100, we vary the availability of information and the presence of a default. Information avoidance, when possible, increases default effects considerably, manifesting a hitherto undocumented channel of the default bias. Moreover, we show that defaults trigger motivated reasoning: In the presence of a default - even if self-selected-, participants consider new information to a lower degree than without a preselected option.
- Language
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Englisch
- Bibliographic citation
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Series: Working Papers in Economics and Statistics ; No. 2022-05
- Classification
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Wirtschaft
Design of Experiments: General
Altruism; Philanthropy; Intergenerational Transfers
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Subject
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Motivated reasoning
information avoidance
defaults
status quo
charitable giving
experiment
- Event
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Geistige Schöpfung
- (who)
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Momsen, Katharina
Schneider, Sebastian O.
- Event
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Veröffentlichung
- (who)
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University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
- (where)
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Innsbruck
- (when)
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2022
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Momsen, Katharina
- Schneider, Sebastian O.
- University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
Time of origin
- 2022