Altmann, Steffen; Falk, Armin; Grunewald, Andreas - Institute for the Study of Labor (IZA) - 2013
The behavioral relevance of non-binding default options is well established. While most research has focused on … between default setters and decision makers. We provide a theoretical framework to analyze which default options arise in such … follow default options the less they are privately informed about the relevant decision environment. In the second part of …