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
Englisch

Bibliographic citation
Series: Working Papers in Economics and Statistics ; No. 2022-05

Classification
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
Motivated reasoning
information avoidance
defaults
status quo
charitable giving
experiment

Event
Geistige Schöpfung
(who)
Momsen, Katharina
Schneider, Sebastian O.
Event
Veröffentlichung
(who)
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
(where)
Innsbruck
(when)
2022

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Momsen, Katharina
  • Schneider, Sebastian O.
  • University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)

Time of origin

  • 2022

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