Policy bundling to overcome loss aversion

a method for improving legislative outcomes

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Policy bundling to overcome loss aversion
Katherine L. Milkman, Mary Car ...
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Last edited by MARC Bot
December 31, 2022 | History

Policy bundling to overcome loss aversion

a method for improving legislative outcomes

  • 0 Want to read
  • 0 Currently reading
  • 0 Have read

Policies that would create net benefits for society but would also involve costs frequently lack the necessary support to be enacted because losses loom larger than gains psychologically. To reduce this harmful consequence of loss aversion, we propose a new type of policy bundling technique in which related bills that have both costs and benefits are combined. Using a laboratory study, we confirm across a set of four legislative domains that this bundling technique increases support for bills that have both costs and benefits. We also demonstrate that this effect is due to changes in the psychology of decision making, rather than voters' willingness to compromise and support a bill they weakly oppose when that bill is bundled with one they strongly support.

Publish Date
Language
English
Pages
24

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Book Details


Edition Notes

"June 2009"--Publisher's website.

Includes bibliographical references.

Published in
[Boston]
Series
Working paper / Harvard Business School -- 09-147, Working paper (Harvard Business School) -- 09-147.

The Physical Object

Pagination
[24] p.
Number of pages
24

ID Numbers

Open Library
OL45158148M
OCLC/WorldCat
542346453, 542505891, 539584897

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December 31, 2022 Created by MARC Bot import new book