On the first day of class, students were given two different handouts, each phrasing the question of which policy program the students would prefer in a different way. Students text in their answers, and their responses are used in a later lecture on prospect theory to demonstrate that responses vary based on framing affects. This illustrated the concept of the relative power of gains and losses in prospect theory. See the handouts below.
slides.pdf | 8.57 MB | |
question1.pdf | 43 KB | |
question2.pdf | 43 KB |