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experimental econ - Coggle Diagram

- - - - availability: salience
      - affect: base perceptions of risk on how events ake us feel
        
        different from availability as its based on the emotional response it has in you
      - representiveness: use stereotypes
        
        conjunction fallacy
  - - - "people tend to ignore the base rate in favor of the individuating information"
- - - - bounded rationality: deviations from rationa dlecisions
    - - can be state dependent and influenced bt environment
      - time discounting
  - - - do not find evidence that relative income from joint projects affects intra household bargaining outcomes
- - - - people's risk preferences change when probabilities are scaled down, even if the underlying outcomes remain the same
- - - - when someone is present biased and knows it
      - current self wants the future self to behave patiently
- - - - measures altruism
- - - - incentives can crowd out social preferences
      - fines for late pickups experiment
        
        when the fine is introduced, rather than adding to the pro social motivation, it crowds out pro social preferences