Data and Code for: Revealing Choice Bracketing

This contains the data and code used for the analysis in "Revealing Choice Bracketing." Its abstract follows. Experiments suggest that people fail to take into account interdependencies between their choices – they do not broadly bracket. Researchers often instead assume that people narrowly bracket, but existing designs do not test it. We design a novel experiment and revealed preference tests for how someone brackets their choices. In portfolio allocation under risk, social allocation, and induced-value shopping experiments, 40-43% of subjects are consistent with narrow bracketing and 0-16% with broad bracketing. Adjusting for each model's predictive precision, 74% of subjects are best described by narrow bracketing, 13% by broad bracketing, and 6% by intermediate cases.