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Defaults and Attention : The Drop Out E ¤ ect
| Content Provider | Semantic Scholar |
|---|---|
| Author | Caplin, Andrew Martin, Daniel Morón April |
| Copyright Year | 2012 |
| Abstract | When choice options are complex, policy makers may seek to reduce decision making errors by making a high quality option the default. We show that this positive e¤ect is at risk because such a policy creates incentives for decision makers to drop outby paying no attention to the decision and accepting the default sight unseen. Using decision time as a proxy for attention, we con rm the importance of this e¤ect in an experimental setting. A key challenge for policy makers is to measure, and if possible mitigate, such drop out behavior in the eld. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://econ.as.nyu.edu/docs/IO/23321/Martin_04242012_02.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | ARID1A wt Allele Decision Making Default Display resolution Ectomesenchymal Chondromyxoid Tumor Naruto Shippuden: Clash of Ninja Revolution 3 |
| Content Type | Text |
| Resource Type | Article |