I am currently trying to design a survey based small scale experiment for my dissertation. I have chosen behavioral economics and want to base my paper on prospect theory and heuristics but am struggling with the questions for my survey.
I wanted to first test for the obvious things such as people reacted more drastically to negatively 'framed' situations.
But then also wanted to test whether the object under uncertainty has an effect on someone's riskiness such as comparing the same situation but using money and then human lives and seeing if their response is the same or different.
Can anyone offer any help?
Regards
Joshua Isaacs
Dear Joshua,
I suggest for you a links and attached files in topics.
- An Introduction to Behavioral Economics | Behavioraleconomics.com ...
https://www.behavioraleconomics.com/introduction-to-be/
- Prospect Theory
prospect-theory.behaviouralfinance.net/
- Nudge Theory explanation - Businessballs
www.businessballs.com › leadership/management
Best regards
there are several existing examples of framing, negative leaning questions etc (e.g. the classic how many people can we save versus how many people's lives are lost when a medicine is not given)
you can start with the classic examples and modify the questions based on your context.
For your second question, I'm not sure I understand your goal related to uncertainty: do you plan to compare people's responses for money-related versus human life related issues? where does uncertainty come in here?
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