Glossary · Micro · Risk and behavioral economics
Framing effect
Making a different choice depending on how the same options are described. A treatment with a 90 percent survival rate sounds better than one with a 10 percent death rate, even though they are identical.
Also called: behavioral bias, anchoring
Related terms
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Definitions are the start
See the term used, not just defined.
The full course teaches every term in context, with worked examples, interactive graphs and practice questions that remember what you get wrong.