Behavioral Economics Tools
Browse all available behavioral economics tools.
Available tools
- Ambiguity Premium Known Unknown Gap Tool Difference between supplied elicited equivalents; no probability distribution is invented for the ambiguous option.
- Anchoring Adjustment Fraction Term Tool Calculate anchoring adjustment fraction term from explicit caller-supplied inputs.
- Anchoring Reference Deviation Describe two signed deviations in a recorded anchoring task without estimating a causal anchoring effect.
- Behavioral Task Incentive Rounding Round a supplied nonnegative incentive to the nearest explicit quantum, with ties upward, and report the signed rounding adjustment.
- Certainty Equivalent Risk Premium Gap Tool Calculate certainty equivalent risk premium gap from explicit caller-supplied inputs.
- Choice Default Opt Out Flag Combine an explicit current default-selection flag and recorded change flag without inferring a participant’s intent.
- Choice Switch Interval Midpoint Tool Summarize a supplied switching-value interval without inferring an exact preference parameter.
- Choice Switch Position Index Tool Calculate choice switch position index from explicit caller-supplied inputs.
- Choice Task Endowment Currency Rounding Tool Calculate choice task endowment currency rounding from explicit caller-supplied inputs.
- Commitment Device Fee Break Even Term Tool Calculate commitment device fee break even term from explicit caller-supplied inputs.
- Decoy Choice Dominance One Pair Tool Pareto dominance of explicit attributes; dominance alone does not predict a decoy-choice effect.
- Default Choice Switching Cost Gap Calculate supplied alternative-minus-default choice cost without modeling preferences or behavioral effects.
- Default Opt Out Relative Frequency Term Tool Calculate default opt out relative frequency term from explicit caller-supplied inputs.
- Delay Choice Present Value Factor Raise an explicit positive per-period discount factor to a supplied nonnegative delay without selecting a preference model.
- Delay Unit Framing Offset Tool Normalize explicitly supplied duration units without inferring a behavioral framing effect.
- Delayed Reward Log Ratio Tool Calculate delayed reward log ratio from explicit caller-supplied inputs.
- Endowment Buy Sell Price Gap Tool Compare explicitly elicited prices; a gap alone does not establish an endowment effect or cause.
- Endowment Retained Share Tool Calculate endowment retained share from explicit caller-supplied inputs.
- Experiment Budget Token Exchange Convert supplied experimental tokens to money using an explicit nonnegative exchange rate.
- Framing Equivalent Price Pair Express one explicitly supplied price reduction as equivalent cash, discount-percent and remaining-price-percent values.
- Framing Nominal Equivalence Residual Compare two explicit framed quantities after applying a supplied positive conversion to a common basis.
- Hyperbolic Discount Equivalent Delay Tool Solve V=A/(1+k*t) for nonnegative t with explicit hyperbolic rate k; not an empirical preference estimate.
- Incentive Random Draw Ticket Label Label one ticket in an explicitly uniform incentive draw and report its selection probability without generating randomness.
- Inequality Aversion Advantage Disadvantage Term Tool Two-person Fehr-Schmidt-shaped utility with explicit penalty weights, without estimating preferences.
- Loss Aversion Reference Change Label Label a supplied outcome as gain, loss or unchanged relative to an explicit reference value without estimating loss aversion.
- Loss Frame Endowment Sign Token Tool Classify an outcome relative to an explicitly supplied endowment; no utility or behavior is predicted.
- Loss Frame Reference Point Shift Tool Calculate loss frame reference point shift from explicit caller-supplied inputs.
- Lottery Branch Weighted Utility Term Multiply an explicit lottery branch probability by caller-supplied signed utility without choosing a utility function.
- Lottery Expected Payoff Compute a finite discrete lottery’s expected signed monetary payoff from an explicit complete probability distribution.
- Lottery Null Branch Mass Tool Calculate lottery null branch mass from explicit caller-supplied inputs.
- Lottery Sure Equivalent Gap Tool Compare an explicitly elicited sure equivalent with expected payoff; no risk preference is inferred.
- Matching Gift Net Donation Amount Apply a supplied per-unit matching-gift rate and cap to one donor amount without selecting campaign terms.
- Mental Account Budget Transfer Residual Tool Calculate mental account budget transfer residual from explicit caller-supplied inputs.
- Mental Account Transfer Fee Term Tool Calculate mental account transfer fee term from explicit caller-supplied inputs.
- Probability Weight Supplied Model Point Compare an explicit nonnegative decision weight with an objective probability without fitting a probability-weighting function.
- Probability Weighting One Branch Term Tool Tversky-Kahneman one-parameter weighting w(p)=p^gamma/[p^gamma+(1-p)^gamma]^(1/gamma), not the Prelec variant.
- Prospect Loss Aversion Value Gap Tool Piecewise power value with explicit gain/loss exponents and loss-aversion coefficient.
- Quasi Hyperbolic Present Premium Term Tool Beta-delta quasi-hyperbolic convention applies beta only to strictly future periods.
- Regret Comparison Best Forgone Gap Tool Calculate regret comparison best forgone gap from explicit caller-supplied inputs.
- Reward Delay Unit Crosswalk Convert an experimental reward delay using fixed 24-hour days and seven-day weeks rather than calendar-date intervals.
- Risk Choice Stated Certain Ratio Divide an explicit stated certain value by a nonzero expected lottery value without interpreting risk attitude.
- Social Discount Recipient Distance Term Tool Caller-parameterized hyperbolic social-distance model, without inferring interpersonal deservingness.
- Sunk Cost Incremental Payoff Gap Tool Sunk cost is disclosed separately and excluded from incremental comparison.
- Sure Equivalent Budget Share Tool Scale an explicitly elicited sure equivalent net of supplied baseline cost, retaining signed values.
- Sure Option Premium Tool Compare supplied sure and expected alternative values under an explicit normalization base.
- Ultimatum Offer Pie Share Describe an explicitly recorded ultimatum-game offer without predicting acceptance or evaluating fairness.
- Willingness To Pay Accept Asymmetry Gauge Tool Calculate willingness to pay accept asymmetry gauge from explicit caller-supplied inputs.