anonymous-submission-acl2025 commited on
Commit
8deff36
·
1 Parent(s): 4897581
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1
+ clear all
2
+
3
+ // Data management
4
+ if 1 {
5
+
6
+ use "data/dataExpB.dta"
7
+
8
+ gen fl_high = fl_score_compound == 1
9
+
10
+ gen discount_unframed = v_unframed/amount * 100
11
+ gen discount_framed = v_framed/amount_precise * 100
12
+ gen discount_framed_72 = v_framed/amount * 100
13
+
14
+ sort id delay
15
+ by id delay: egen min_discount_unframed = min(discount_unframed)
16
+ by id delay: egen max_discount_unframed = max(discount_unframed)
17
+
18
+ gen diff = discount_framed - discount_unframed
19
+ gen diff72 = discount_framed - discount_unframed
20
+ gen absDiff = abs(discount_framed - discount_unframed)
21
+
22
+
23
+ // generate treatment dummies
24
+ gen contNew = fined == 0 // Control
25
+ gen fullNew = fined == 1 // Full
26
+
27
+ gen sample = "new"
28
+
29
+ append using "data/dataExpA.dta"
30
+ gen sqDiff = abs(discount_framed^2 - discount_unframed^2) / 100
31
+
32
+
33
+ replace sample = "old" if sample == ""
34
+ replace absDiff = abs(discount_framed - discount_unframed)
35
+
36
+ replace Full = 0 if sample == "new"
37
+ replace Cont = 0 if sample == "new"
38
+ replace Rule72 = 0 if sample == "new"
39
+ replace Rhetoric = 0 if sample == "new"
40
+ replace fullNew = 0 if sample == "old"
41
+ replace contNew = 0 if sample == "old"
42
+
43
+ gen condition = .
44
+ replace condition = 0 if Control == 1
45
+ replace condition = 1 if contNew == 1
46
+ replace condition = 2 if Full == 1
47
+ replace condition = 3 if fullNew == 1
48
+ replace condition = 4 if Rule72 == 1
49
+ replace condition = 5 if Rhetoric == 1
50
+ la de condition 0 "C old" 1 "C new" 2 "Tr old" 3 "Tr new" 4 "Subst. only" 5 "Rhet. only"
51
+ la val condition condition
52
+
53
+ // attrition: 1 subject in Treatment, 1 subject in Control
54
+
55
+ su score_compounding if Full == 1
56
+ su score_compounding if Control == 1
57
+
58
+
59
+
60
+ reg score_compounding contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
61
+ reg discount_unframed contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
62
+ reg discount_framed contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
63
+ reg absDiff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
64
+ reg sqDiff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
65
+ reg diff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
66
+
67
+ reg absDiff fullNew if sample == "new" & multi == 0, cl(id)
68
+ reg sqDiff fullNew if sample == "new" & multi == 0, cl(id)
69
+ reg diff fullNew if sample == "new" & multi == 0, cl(id)
70
+
71
+
72
+ reg discount_framed fullNew if sample == "new" & multi == 0, cl(id)
73
+ reg discount_framed Full if sample == "old" & multi == 0 & (Full == 1 | Control == 1), cl(id)
74
+
75
+
76
+ reg absDiff Full if multi == 0 & (Full == 1 | fullNew == 1), cl(id)
77
+
78
+ reg absDiff if multi == 0 & Full == 1 , cl(id)
79
+ reg absDiff if multi == 0 & fullNew == 1 , cl(id)
80
+
81
+
82
+
83
+ // get individual-specific means
84
+
85
+ bysort id: egen vSimple = mean(discount_unfr)
86
+ bysort id: egen vComplex = mean(discount_framed)
87
+
88
+ gen dRaw = vComplex - vSimple
89
+ gen dAbs = abs(dRaw)
90
+ gen dSq = dAbs^2
91
+
92
+
93
+ replace id = 10000 + id if sample == "old"
94
+ replace id = 20000 + id if sample == "new"
95
+
96
+ cap drop tag
97
+ egen tag = tag(id)
98
+
99
+ cap drop r72report
100
+ gen r72report = rule72 == 1
101
+
102
+ cap drop r72invReport
103
+ gen r72invReport = rule72_inv == 1
104
+
105
+
106
+ // keep single-switchers only
107
+ keep if multi == 0
108
+
109
+
110
+ bysort id: egen meanVsimple36_i = mean(discount_unframed) if delay == 36
111
+ bysort id: egen meanVsimple72_i = mean(discount_unframed) if delay == 72
112
+
113
+ bysort id: egen meanVsimple36 = mean(meanVsimple36_i)
114
+ bysort id: egen meanVsimple72 = mean(meanVsimple72_i)
115
+
116
+ replace meanVsimple36 = meanVsimple36 / 100
117
+ replace meanVsimple72 = meanVsimple72 / 100
118
+
119
+ gen delta = meanVsimple72 / meanVsimple36
120
+ gen beta = meanVsimple36^2 / meanVsimple72
121
+
122
+ gen meanVsimple = 100 * (meanVsimple36 + meanVsimple72)/2
123
+
124
+
125
+
126
+ bysort id: egen meanVsimple36first_i = mean(discount_unframed) if delay == 36 & treatment <= 5
127
+ bysort id: egen meanVsimple72first_i = mean(discount_unframed) if delay == 72 & treatment <= 5
128
+
129
+ bysort id: egen meanVsimple36first = mean(meanVsimple36first_i)
130
+ bysort id: egen meanVsimple72first = mean(meanVsimple72first_i)
131
+
132
+ replace meanVsimple36first = meanVsimple36first / 100
133
+ replace meanVsimple72first = meanVsimple72first / 100
134
+
135
+ gen deltaFirst = meanVsimple72first / meanVsimple36first
136
+ gen betaFirst = meanVsimple36first^2 / meanVsimple72first
137
+
138
+
139
+ bysort id: egen meanVsimple36second_i = mean(discount_unframed) if delay == 36 & treatment > 5
140
+ bysort id: egen meanVsimple72second_i = mean(discount_unframed) if delay == 72 & treatment > 5
141
+
142
+ bysort id: egen meanVsimple36second = mean(meanVsimple36second_i)
143
+ bysort id: egen meanVsimple72second = mean(meanVsimple72second_i)
144
+
145
+
146
+
147
+ replace meanVsimple36second = meanVsimple36second / 100
148
+ replace meanVsimple72second = meanVsimple72second / 100
149
+
150
+ gen deltaSecond = meanVsimple72second / meanVsimple36second
151
+ gen betaSecond = meanVsimple36second^2 / meanVsimple72second
152
+
153
+
154
+
155
+
156
+
157
+
158
+ bysort id: egen meanVcomplex36_i = mean(discount_framed) if delay == 36
159
+ bysort id: egen meanVcomplex72_i = mean(discount_framed) if delay == 72
160
+
161
+ bysort id: egen meanVcomplex36 = mean(meanVcomplex36_i)
162
+ bysort id: egen meanVcomplex72 = mean(meanVcomplex72_i)
163
+
164
+ replace meanVcomplex36 = meanVcomplex36 / 100
165
+ replace meanVcomplex72 = meanVcomplex72 / 100
166
+
167
+ gen meanVcomplex = 100 * (meanVcomplex36 + meanVcomplex72)/2
168
+
169
+ replace income = . if income < 0
170
+ replace income = 1000*income if sample == "old"
171
+
172
+ save "data/managedData.dta", replace
173
+
174
+ }
175
+
176
+
177
+ // Mentioned in main text
178
+ if 1 {
179
+ forvalues i = 1 / 5 {
180
+ noisily: tab finlit`i'
181
+ }
182
+ }
183
+
184
+ // Graphs
185
+ if 1 {
186
+
187
+ // CDF
188
+ if 1 {
189
+ local scale = 1.3
190
+ local aspect = 0.8
191
+
192
+ preserve
193
+ keep if sample == "old"
194
+ replace diff = 100 if diff>100
195
+ replace diff = -100 if diff < -100
196
+ distplot diff if fined <= 1, over(fined) ///
197
+ scheme(s2mono) ///
198
+ legend(order(1 "Control A" 2 "Treatment A") col(1) ring(0) pos(11)) ///
199
+ xtitle("Valuation difference (complex minus simple)") ///
200
+ ytitle("Cumulative probability") xlabel(-100(50)100) ///
201
+ bgcolor(white) graphregion(color(white)) ///
202
+ scale(*`scale') aspect(`aspect')
203
+ graph export "graphs/cdfExpA.pdf", replace
204
+ restore
205
+
206
+
207
+
208
+ preserve
209
+ keep if sample == "new"
210
+ replace diff = -100 if diff < -100
211
+ replace diff = 100 if diff > 100
212
+ distplot diff , over(condition) ///
213
+ scheme(s2mono) ///
214
+ legend(order(1 "Control B" 2 "Treatment B") col(1) ring(0) pos(11)) ///
215
+ xtitle("Valuation difference (complex minus simple)") ///
216
+ ytitle("Cumulative probability") xlabel(-100(50)100) ///
217
+ bgcolor(white) graphregion(color(white)) ///
218
+ scale(*`scale') aspect(`aspect')
219
+ graph export "graphs/cdfExpB.pdf", replace
220
+ restore
221
+
222
+
223
+
224
+ }
225
+
226
+ // CDFs with simple frame superimposed
227
+ if 1 {
228
+
229
+ bysort id delay: egen vSimple12_i = mean(discount_unframed) if amount == 12
230
+ bysort id delay: egen vSimple14_i = mean(discount_unframed) if amount == 14
231
+ bysort id delay: egen vSimple16_i = mean(discount_unframed) if amount == 16
232
+ bysort id delay: egen vSimple18_i = mean(discount_unframed) if amount == 18
233
+ bysort id delay: egen vSimple20_i = mean(discount_unframed) if amount == 20
234
+
235
+ bysort id delay: egen vSimple12 = mean(vSimple12_i)
236
+ bysort id delay: egen vSimple14 = mean(vSimple14_i)
237
+ bysort id delay: egen vSimple16 = mean(vSimple16_i)
238
+ bysort id delay: egen vSimple18 = mean(vSimple18_i)
239
+ bysort id delay: egen vSimple20 = mean(vSimple20_i)
240
+
241
+ gen simpleDiff = .
242
+ replace simpleDiff = discount_unframed - vSimple14 if amount == 12
243
+ replace simpleDiff = discount_unframed - vSimple16 if amount == 18
244
+ replace simpleDiff = discount_unframed - vSimple12 if amount == 14
245
+ replace simpleDiff = discount_unframed - vSimple18 if amount == 16
246
+
247
+ local scale = 1.1
248
+ local aspect = 0.8
249
+ preserve
250
+ keep if sample == "new"
251
+ keep if fined == 0
252
+ stack diff simpleDiff, into(depVar) clear
253
+ keep if depVar ~= .
254
+ save "data/temp.dta", replace
255
+ restore
256
+
257
+ preserve
258
+ keep if sample == "new"
259
+ keep if fined == 1
260
+ stack diff simpleDiff, into(depVar) clear
261
+ replace _stack = 5 if _stack == 1
262
+ append using "data/temp.dta"
263
+ replace _stack = 3 if _stack == 2
264
+ replace _stack = 2 if _stack == 5
265
+ keep if depVar ~= .
266
+ replace depVar = 100 if depVar>100
267
+ replace depVar = -100 if depVar < -100
268
+ distplot depVar, over(_stack) ///
269
+ scheme(s2mono) ///
270
+ legend(order(1 "Control B" 2 "Treatment B" 3 "Simple frame B") col(1) ring(0) pos(11)) ///
271
+ xtitle(" ") ///
272
+ ytitle(" ") xlabel(-100(50)100) ///
273
+ bgcolor(white) graphregion(color(white)) ///
274
+ scale(*`scale') aspect(`aspect')
275
+ graph export "graphs/cdfBWithSimple.pdf", replace
276
+ restore
277
+
278
+
279
+
280
+ local scale = 1.1
281
+ local aspect = 0.8
282
+ preserve
283
+ keep if sample == "old"
284
+ keep if fined == 0
285
+ stack diff simpleDiff, into(depVar) clear
286
+ keep if depVar ~= .
287
+ save "data/temp.dta", replace
288
+ restore
289
+
290
+ preserve
291
+ keep if sample == "old"
292
+ keep if fined == 1
293
+ stack diff simpleDiff, into(depVar) clear
294
+ replace _stack = 5 if _stack == 1
295
+ append using "data/temp.dta"
296
+ replace _stack = 3 if _stack == 2
297
+ replace _stack = 2 if _stack == 5
298
+ keep if depVar ~= .
299
+ replace depVar = 100 if depVar>100
300
+ replace depVar = -100 if depVar < -100
301
+ distplot depVar, over(_stack) ///
302
+ scheme(s2mono) ///
303
+ legend(order(1 "Control A" 2 "Treatment A" 3 "Simple frame A") col(1) ring(0) pos(11)) ///
304
+ xtitle(" ") ///
305
+ ytitle(" ") xlabel(-100(50)100) ///
306
+ bgcolor(white) graphregion(color(white)) ///
307
+ scale(*`scale') aspect(`aspect')
308
+ graph export "graphs/cdfAWithSimple.pdf", replace
309
+ restore
310
+ }
311
+
312
+ // Bar graphs
313
+ if 1 {
314
+
315
+ preserve
316
+
317
+ local var = "score_compounding"
318
+ local scale = 1.3
319
+ local aspect = 0.8
320
+ local lwidth = 0.2
321
+
322
+ keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
323
+
324
+ gen tr = .
325
+ replace tr = 1 if Control == 1
326
+ replace tr = 2 if Full == 1
327
+ replace tr = 3 if contNew == 1
328
+ replace tr = 4 if fullNew == 1
329
+
330
+
331
+ xi, noomit: reg `var' i.tr, nocons cl(id)
332
+ local s1 = _se[_Itr_1]
333
+ local s2 = _se[_Itr_2]
334
+ local s3 = _se[_Itr_3]
335
+ local s4 = _se[_Itr_4]
336
+
337
+ collapse `var', by(tr)
338
+
339
+ gen top = .
340
+ replace top = `var' + `s1'*1.96 if tr == 1
341
+ replace top = `var' + `s2'*1.96 if tr == 2
342
+ replace top = `var' + `s3'*1.96 if tr == 3
343
+ replace top = `var' + `s4'*1.96 if tr == 4
344
+
345
+ gen bottom = .
346
+ replace bottom = `var' - `s1'*1.96 if tr == 1
347
+ replace bottom = `var' - `s2'*1.96 if tr == 2
348
+ replace bottom = `var' - `s3'*1.96 if tr == 3
349
+ replace bottom = `var' - `s4'*1.96 if tr == 4
350
+
351
+ replace tr = tr + 0.5 if tr > 2
352
+
353
+ tw (bar `var' tr ///
354
+ , barwidth(0.8) color(gs13) lwidth(`lwidth') lcolor(black)) ///
355
+ (bar `var' tr if tr == 2 | tr > 4 ///
356
+ , barwidth(0.8) color(gs5) lwidth(`lwidth') lcolor(black)) ///
357
+ (rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
358
+ , ///
359
+ legend(order(1 "Control" 2 "Treatment") col(2) ring(0) pos(12)) ///
360
+ xtitle(" ") ytitle("Correct answers (out of 5)" " ") ///
361
+ ylabel(0(1)5) ///
362
+ xlabel(1.5 "Experiment A" 4 "Experiment B") ///
363
+ bgcolor(white) graphregion(color(white)) ///
364
+ scale(*`scale') aspect(`aspect') ///
365
+ xscale(range(0.5 5))
366
+ graph export "graphs/figure1A.pdf", replace
367
+
368
+ restore
369
+
370
+
371
+
372
+
373
+
374
+ preserve
375
+ local var = "discount_framed"
376
+ local scale = 1.3
377
+ local aspect = 0.8
378
+ local lwidth = 0.2
379
+
380
+ keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
381
+
382
+ gen tr = .
383
+ replace tr = 1 if Control == 1
384
+ replace tr = 2 if Full == 1
385
+ replace tr = 3 if contNew == 1
386
+ replace tr = 4 if fullNew == 1
387
+
388
+
389
+ xi, noomit: reg `var' i.tr, nocons cl(id)
390
+ local s1 = _se[_Itr_1]
391
+ local s2 = _se[_Itr_2]
392
+ local s3 = _se[_Itr_3]
393
+ local s4 = _se[_Itr_4]
394
+
395
+ collapse `var', by(tr)
396
+
397
+ gen top = .
398
+ replace top = `var' + `s1'*1.96 if tr == 1
399
+ replace top = `var' + `s2'*1.96 if tr == 2
400
+ replace top = `var' + `s3'*1.96 if tr == 3
401
+ replace top = `var' + `s4'*1.96 if tr == 4
402
+
403
+ gen bottom = .
404
+ replace bottom = `var' - `s1'*1.96 if tr == 1
405
+ replace bottom = `var' - `s2'*1.96 if tr == 2
406
+ replace bottom = `var' - `s3'*1.96 if tr == 3
407
+ replace bottom = `var' - `s4'*1.96 if tr == 4
408
+
409
+ replace tr = tr + 0.5 if tr > 2
410
+
411
+ tw (bar `var' tr ///
412
+ , barwidth(0.8) color(gs13) lwidth(`lwidth') lcolor(black)) ///
413
+ (bar `var' tr if tr == 2 | tr > 4 ///
414
+ , barwidth(0.8) color(gs5) lwidth(`lwidth') lcolor(black)) ///
415
+ (rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
416
+ , ///
417
+ legend(order(1 "Control" 2 "Treatment") col(2) ring(0) pos(12)) ///
418
+ xtitle(" ") ytitle("WTP in cents for $1 in the future," "framed as interest-bearing investment" " ") ///
419
+ ylabel(0(20)100) ///
420
+ xscale(range(0.5 5)) ///
421
+ xlabel(1.5 "Experiment A" 4 "Experiment B") ///
422
+ bgcolor(white) graphregion(color(white)) ///
423
+ scale(*`scale') aspect(`aspect')
424
+ graph export "graphs/figure1B.pdf", replace
425
+
426
+
427
+ restore
428
+
429
+
430
+
431
+
432
+
433
+
434
+
435
+
436
+
437
+ preserve
438
+
439
+ local var = "absDiff"
440
+ replace `var' = -`var'
441
+ local scale = 1.3
442
+ local aspect = 0.8
443
+ local lwidth = 0.2
444
+ local lwidth2 = 0.6
445
+
446
+ keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
447
+
448
+ gen tr = .
449
+ replace tr = 1 if Control == 1
450
+ replace tr = 2 if Full == 1
451
+ replace tr = 3 if contNew == 1
452
+ replace tr = 4 if fullNew == 1
453
+
454
+
455
+ xi, noomit: reg `var' i.tr, nocons cl(id)
456
+ local s1 = _se[_Itr_1]
457
+ local s2 = _se[_Itr_2]
458
+ local s3 = _se[_Itr_3]
459
+ local s4 = _se[_Itr_4]
460
+
461
+ collapse `var', by(tr)
462
+
463
+ gen top = .
464
+ replace top = `var' + `s1'*1.96 if tr == 1
465
+ replace top = `var' + `s2'*1.96 if tr == 2
466
+ replace top = `var' + `s3'*1.96 if tr == 3
467
+ replace top = `var' + `s4'*1.96 if tr == 4
468
+
469
+ gen bottom = .
470
+ replace bottom = `var' - `s1'*1.96 if tr == 1
471
+ replace bottom = `var' - `s2'*1.96 if tr == 2
472
+ replace bottom = `var' - `s3'*1.96 if tr == 3
473
+ replace bottom = `var' - `s4'*1.96 if tr == 4
474
+
475
+ keep if tr <= 2
476
+
477
+ local top -15
478
+ tw (line `var' tr ///
479
+ , lwidth(`lwidth2') lcolor(black)) ///
480
+ (rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
481
+ , ///
482
+ legend(off) ///
483
+ xtitle(" ") ytitle("Negative absolute value" "of valuation difference" " ") ///
484
+ ylabel(-30(5)`top') ///
485
+ xscale(range(0.5 2.5)) ///
486
+ xlabel(1 "Control" 2 "Treatment") ///
487
+ bgcolor(white) graphregion(color(white)) ///
488
+ scale(*`scale') aspect(`aspect')
489
+
490
+ graph export "graphs/finCompLinesA.pdf", replace
491
+ restore
492
+
493
+
494
+
495
+
496
+ preserve
497
+
498
+ local var = "absDiff"
499
+ replace `var' = -`var'
500
+ local scale = 1.3
501
+ local aspect = 0.8
502
+ local lwidth = 0.2
503
+ local lwidth2 = 0.6
504
+
505
+ keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
506
+
507
+ gen tr = .
508
+ replace tr = 1 if Control == 1
509
+ replace tr = 2 if Full == 1
510
+ replace tr = 3 if contNew == 1
511
+ replace tr = 4 if fullNew == 1
512
+
513
+
514
+ xi, noomit: reg `var' i.tr, nocons cl(id)
515
+ local s1 = _se[_Itr_1]
516
+ local s2 = _se[_Itr_2]
517
+ local s3 = _se[_Itr_3]
518
+ local s4 = _se[_Itr_4]
519
+
520
+ collapse `var', by(tr)
521
+
522
+ gen top = .
523
+ replace top = `var' + `s1'*1.96 if tr == 1
524
+ replace top = `var' + `s2'*1.96 if tr == 2
525
+ replace top = `var' + `s3'*1.96 if tr == 3
526
+ replace top = `var' + `s4'*1.96 if tr == 4
527
+
528
+ gen bottom = .
529
+ replace bottom = `var' - `s1'*1.96 if tr == 1
530
+ replace bottom = `var' - `s2'*1.96 if tr == 2
531
+ replace bottom = `var' - `s3'*1.96 if tr == 3
532
+ replace bottom = `var' - `s4'*1.96 if tr == 4
533
+
534
+ keep if tr > 2
535
+ replace tr = tr - 2
536
+
537
+ local top -15
538
+ tw (line `var' tr ///
539
+ , lwidth(`lwidth2') lcolor(black)) ///
540
+ (rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
541
+ , ///
542
+ legend(off) ///
543
+ xtitle(" ") ytitle("Negative absolute value" "of valuation difference" " ") ///
544
+ ylabel(-30(5)`top') ///
545
+ xscale(range(0.5 2.5)) ///
546
+ xlabel(1 "Control" 2 "Treatment") ///
547
+ bgcolor(white) graphregion(color(white)) ///
548
+ scale(*`scale') aspect(`aspect')
549
+
550
+ graph export "graphs/finCompLinesB.pdf", replace
551
+ restore
552
+
553
+ }
554
+
555
+ }
556
+
557
+ // Tables
558
+ if 1 {
559
+ // Table test scores
560
+ if 1 {
561
+ preserve
562
+
563
+ replace Full = fullNew if sample == "new"
564
+
565
+ reg score_compounding Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
566
+ local subj = e(N_clust)
567
+ lincom _b[_cons] + _b[Full]
568
+ local levelFull = r(estimate)
569
+ local seFull = r(se)
570
+ outreg2 using "tables/testScores.tex", ///
571
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
572
+ tex(frag) ///
573
+ dec(3) replace
574
+
575
+ reg score_compounding Full if tag == 1 & (fullNew == 1 | contNew == 1) & sample == "new", cl(id)
576
+ local subj = e(N_clust)
577
+ lincom _b[_cons] + _b[Full]
578
+ local levelFull = r(estimate)
579
+ local seFull = r(se)
580
+ outreg2 using "tables/testScores.tex", ///
581
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
582
+ tex(frag) ///
583
+ dec(3)
584
+
585
+
586
+ reg score_indexing Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
587
+ local subj = e(N_clust)
588
+ lincom _b[_cons] + _b[Full]
589
+ local levelFull = r(estimate)
590
+ local seFull = r(se)
591
+ outreg2 using "tables/testScores.tex", ///
592
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
593
+ tex(frag) ///
594
+ dec(3)
595
+
596
+ reg score_indexing Full if tag == 1 & (fullNew == 1 | contNew == 1) & sample == "new", cl(id)
597
+ local subj = e(N_clust)
598
+ lincom _b[_cons] + _b[Full]
599
+ local levelFull = r(estimate)
600
+ local seFull = r(se)
601
+ outreg2 using "tables/testScores.tex", ///
602
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
603
+ tex(frag) ///
604
+ dec(3)
605
+ restore
606
+ }
607
+
608
+ // Table individual test questions
609
+ if 1 {
610
+
611
+ // Experiment A
612
+
613
+ reg t1 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
614
+ local subj = e(N_clust)
615
+ lincom _b[_cons] + _b[Full]
616
+ local levelFull = r(estimate)
617
+ local seFull = r(se)
618
+ outreg2 using "tables/indivTestQuestionsA.tex", ///
619
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
620
+ tex(frag) ///
621
+ dec(3) adec(3) replace
622
+
623
+
624
+ reg t2 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
625
+ local subj = e(N_clust)
626
+ lincom _b[_cons] + _b[Full]
627
+ local levelFull = r(estimate)
628
+ local seFull = r(se)
629
+ outreg2 using "tables/indivTestQuestionsA.tex", ///
630
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
631
+ tex(frag) ///
632
+ dec(3) adec(3)
633
+
634
+ reg t3 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
635
+ local subj = e(N_clust)
636
+ lincom _b[_cons] + _b[Full]
637
+ local levelFull = r(estimate)
638
+ local seFull = r(se)
639
+ outreg2 using "tables/indivTestQuestionsA.tex", ///
640
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
641
+ tex(frag) ///
642
+ dec(3) adec(3)
643
+
644
+ reg t4 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
645
+ local subj = e(N_clust)
646
+ lincom _b[_cons] + _b[Full]
647
+ local levelFull = r(estimate)
648
+ local seFull = r(se)
649
+ outreg2 using "tables/indivTestQuestionsA.tex", ///
650
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
651
+ tex(frag) ///
652
+ dec(3) adec(3)
653
+
654
+
655
+ reg t5 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
656
+ local subj = e(N_clust)
657
+ lincom _b[_cons] + _b[Full]
658
+ local levelFull = r(estimate)
659
+ local seFull = r(se)
660
+ outreg2 using "tables/indivTestQuestionsA.tex", ///
661
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
662
+ tex(frag) ///
663
+ dec(3) adec(3)
664
+
665
+
666
+ // Experiment B
667
+
668
+ preserve
669
+
670
+ replace Full = fullNew if sample == "new"
671
+
672
+ reg t1 Full if sample == "new" , cl(id)
673
+ local subj = e(N_clust)
674
+ lincom _b[_cons] + _b[Full]
675
+ local levelFull = r(estimate)
676
+ local seFull = r(se)
677
+ outreg2 using "tables/indivTestQuestionsB.tex", ///
678
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
679
+ tex(frag) ///
680
+ dec(3) adec(3) replace
681
+
682
+
683
+ reg t2 Full if sample == "new" , cl(id)
684
+ local subj = e(N_clust)
685
+ lincom _b[_cons] + _b[Full]
686
+ local levelFull = r(estimate)
687
+ local seFull = r(se)
688
+ outreg2 using "tables/indivTestQuestionsB.tex", ///
689
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
690
+ tex(frag) ///
691
+ dec(3) adec(3)
692
+
693
+ reg t3 Full if sample == "new" , cl(id)
694
+ local subj = e(N_clust)
695
+ lincom _b[_cons] + _b[Full]
696
+ local levelFull = r(estimate)
697
+ local seFull = r(se)
698
+ outreg2 using "tables/indivTestQuestionsB.tex", ///
699
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
700
+ tex(frag) ///
701
+ dec(3) adec(3)
702
+
703
+ reg t4 Full if sample == "new" , cl(id)
704
+ local subj = e(N_clust)
705
+ lincom _b[_cons] + _b[Full]
706
+ local levelFull = r(estimate)
707
+ local seFull = r(se)
708
+ outreg2 using "tables/indivTestQuestionsB.tex", ///
709
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
710
+ tex(frag) ///
711
+ dec(3) adec(3)
712
+
713
+
714
+ reg t5 Full if sample == "new" , cl(id)
715
+ local subj = e(N_clust)
716
+ lincom _b[_cons] + _b[Full]
717
+ local levelFull = r(estimate)
718
+ local seFull = r(se)
719
+ outreg2 using "tables/indivTestQuestionsB.tex", ///
720
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
721
+ tex(frag) ///
722
+ dec(3) adec(3)
723
+
724
+ restore
725
+
726
+
727
+ }
728
+
729
+ // Table self-reports
730
+ if 1 {
731
+
732
+ preserve
733
+
734
+ replace Full = fullNew if sample == "new"
735
+
736
+ reg calculate Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
737
+ local subj = e(N_clust)
738
+ lincom _b[_cons] + _b[Full]
739
+ local levelFull = r(estimate)
740
+ local seFull = r(se)
741
+ outreg2 using "tables/selfReports.tex", ///
742
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
743
+ tex(frag) ///
744
+ dec(3) replace
745
+
746
+ reg calculate Full if sample == "new" & tag == 1 & sample == "new", cl(id)
747
+ local subj = e(N_clust)
748
+ lincom _b[_cons] + _b[Full]
749
+ local levelFull = r(estimate)
750
+ local seFull = r(se)
751
+ outreg2 using "tables/selfReports.tex", ///
752
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
753
+ tex(frag) ///
754
+ dec(3)
755
+
756
+ reg r72report Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
757
+ local subj = e(N_clust)
758
+ lincom _b[_cons] + _b[Full]
759
+ local levelFull = r(estimate)
760
+ local seFull = r(se)
761
+ outreg2 using "tables/selfReports.tex", ///
762
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
763
+ tex(frag) ///
764
+ dec(3)
765
+
766
+ reg r72report Full if sample == "new" & tag == 1 & sample == "new", cl(id)
767
+ local subj = e(N_clust)
768
+ lincom _b[_cons] + _b[Full]
769
+ local levelFull = r(estimate)
770
+ local seFull = r(se)
771
+ outreg2 using "tables/selfReports.tex", ///
772
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
773
+ tex(frag) ///
774
+ dec(3)
775
+
776
+ reg r72invReport Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
777
+ local subj = e(N_clust)
778
+ lincom _b[_cons] + _b[Full]
779
+ local levelFull = r(estimate)
780
+ local seFull = r(se)
781
+ outreg2 using "tables/selfReports.tex", ///
782
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
783
+ tex(frag) ///
784
+ dec(3)
785
+
786
+ reg r72invReport Full if sample == "new" & tag == 1 & sample == "new", cl(id)
787
+ local subj = e(N_clust)
788
+ lincom _b[_cons] + _b[Full]
789
+ local levelFull = r(estimate)
790
+ local seFull = r(se)
791
+ outreg2 using "tables/selfReports.tex", ///
792
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
793
+ tex(frag) ///
794
+ dec(3)
795
+
796
+ reg help_test Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
797
+ local subj = e(N_clust)
798
+ lincom _b[_cons] + _b[Full]
799
+ local levelFull = r(estimate)
800
+ local seFull = r(se)
801
+ outreg2 using "tables/selfReports.tex", ///
802
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
803
+ tex(frag) ///
804
+ dec(3)
805
+
806
+ reg help_test Full if sample == "new" & tag == 1 & sample == "new", cl(id)
807
+ local subj = e(N_clust)
808
+ lincom _b[_cons] + _b[Full]
809
+ local levelFull = r(estimate)
810
+ local seFull = r(se)
811
+ outreg2 using "tables/selfReports.tex", ///
812
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
813
+ tex(frag) ///
814
+ dec(3)
815
+ restore
816
+ }
817
+
818
+ // Table directional behavioral effects
819
+ if 1 {
820
+
821
+ preserve
822
+ replace Full = fullNew if sample == "new"
823
+
824
+
825
+ reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" , cl(id)
826
+ local subj = e(N_clust)
827
+ lincom _b[_cons] + _b[Full]
828
+ local levelFull = r(estimate)
829
+ local seFull = r(se)
830
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
831
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
832
+ tex(frag) ///
833
+ dec(3) adec(3) replace
834
+
835
+
836
+ reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" , cl(id)
837
+ local subj = e(N_clust)
838
+ lincom _b[_cons] + _b[Full]
839
+ local levelFull = r(estimate)
840
+ local seFull = r(se)
841
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
842
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
843
+ tex(frag) ///
844
+ dec(3) adec(3)
845
+
846
+ reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" & delay == 72, cl(id)
847
+ local subj = e(N_clust)
848
+ lincom _b[_cons] + _b[Full]
849
+ local levelFull = r(estimate)
850
+ local seFull = r(se)
851
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
852
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
853
+ tex(frag) ///
854
+ dec(3) adec(3)
855
+
856
+
857
+ reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" & delay == 72, cl(id)
858
+ local subj = e(N_clust)
859
+ lincom _b[_cons] + _b[Full]
860
+ local levelFull = r(estimate)
861
+ local seFull = r(se)
862
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
863
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
864
+ tex(frag) ///
865
+ dec(3) adec(3)
866
+
867
+
868
+ reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" & delay == 36, cl(id)
869
+ local subj = e(N_clust)
870
+ lincom _b[_cons] + _b[Full]
871
+ local levelFull = r(estimate)
872
+ local seFull = r(se)
873
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
874
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
875
+ tex(frag) ///
876
+ dec(3) adec(3)
877
+
878
+ reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" & delay == 36, cl(id)
879
+ local subj = e(N_clust)
880
+ lincom _b[_cons] + _b[Full]
881
+ local levelFull = r(estimate)
882
+ local seFull = r(se)
883
+ outreg2 using "tables/directionalBehaviorV2.tex", ///
884
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
885
+ tex(frag) ///
886
+ dec(3) adec(3)
887
+
888
+
889
+ restore
890
+
891
+ }
892
+
893
+ // Table Financial Competence
894
+ if 1 {
895
+
896
+ preserve
897
+ replace Full = fullNew if sample == "new"
898
+
899
+ cap gen negAbsDiff = -absDiff
900
+
901
+ replace Control = 1 if contNew == 1
902
+
903
+ reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
904
+ local subj = e(N_clust)
905
+ test Full == Control
906
+ local pFull = r(p)
907
+ test Rule72 == Control
908
+ local pRule72 = r(p)
909
+ test Rhetoric == Control
910
+ local pRhetoric = r(p)
911
+ noisily: nlcom 1 - _b[Full]/_b[Control]
912
+ outreg2 using "tables/finComp.tex", ///
913
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
914
+ tex(frag) ///
915
+ dec(3) adec(3) replace
916
+
917
+ reg negAbsDiff Control Full if sample == "new", nocons cl(id)
918
+ local subj = e(N_clust)
919
+ test Full == Control
920
+ local pFull = r(p)
921
+ noisily: di "Relative improvement:"
922
+ noisily: nlcom 1 - _b[Full]/_b[Control]
923
+ outreg2 using "tables/finComp.tex", ///
924
+ addstat("subj", `subj', "pFull", `pFull') ///
925
+ tex(frag) ///
926
+ dec(3) adec(3)
927
+
928
+
929
+ reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
930
+ local subj = e(N_clust)
931
+ test Full == Control
932
+ local pFull = r(p)
933
+ test Rule72 == Control
934
+ local pRule72 = r(p)
935
+ test Rhetoric == Control
936
+ local pRhetoric = r(p)
937
+ outreg2 using "tables/finComp.tex", ///
938
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
939
+ tex(frag) ///
940
+ dec(3) adec(3)
941
+
942
+ reg negAbsDiff Control Full if sample == "new" & delay == 72, nocons cl(id)
943
+ local subj = e(N_clust)
944
+ test Full == Control
945
+ local pFull = r(p)
946
+ outreg2 using "tables/finComp.tex", ///
947
+ addstat("subj", `subj', "pFull", `pFull') ///
948
+ tex(frag) ///
949
+ dec(3) adec(3)
950
+
951
+
952
+ reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
953
+ local subj = e(N_clust)
954
+ test Full == Control
955
+ local pFull = r(p)
956
+ test Rule72 == Control
957
+ local pRule72 = r(p)
958
+ test Rhetoric == Control
959
+ local pRhetoric = r(p)
960
+ outreg2 using "tables/finComp.tex", ///
961
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
962
+ tex(frag) ///
963
+ dec(3) adec(3)
964
+
965
+ reg negAbsDiff Control Full if sample == "new" & delay == 36, nocons cl(id)
966
+ local subj = e(N_clust)
967
+ test Full == Control
968
+ local pFull = r(p)
969
+ outreg2 using "tables/finComp.tex", ///
970
+ addstat("subj", `subj', "pFull", `pFull') ///
971
+ tex(frag) ///
972
+ dec(3) adec(3)
973
+
974
+ restore
975
+
976
+ }
977
+
978
+ // Table Financial Competence SQUARE measure
979
+ if 1 {
980
+
981
+ preserve
982
+ replace Full = fullNew if sample == "new"
983
+
984
+ cap gen negSqDiff = -sqDiff
985
+
986
+ replace Control = 1 if contNew == 1
987
+
988
+ reg negSqDiff Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
989
+ local subj = e(N_clust)
990
+ test Full == Control
991
+ local pFull = r(p)
992
+ test Rule72 == Control
993
+ local pRule72 = r(p)
994
+ test Rhetoric == Control
995
+ local pRhetoric = r(p)
996
+ noisily: nlcom 1 - _b[Full]/_b[Control]
997
+ outreg2 using "tables/finCompSq.tex", ///
998
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
999
+ tex(frag) ///
1000
+ dec(3) adec(3) replace
1001
+
1002
+ reg negSqDiff Control Full if sample == "new", nocons cl(id)
1003
+ local subj = e(N_clust)
1004
+ test Full == Control
1005
+ local pFull = r(p)
1006
+ noisily: di "Relative improvement:"
1007
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1008
+ outreg2 using "tables/finCompSq.tex", ///
1009
+ addstat("subj", `subj', "pFull", `pFull') ///
1010
+ tex(frag) ///
1011
+ dec(3) adec(3)
1012
+
1013
+
1014
+ reg negSqDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
1015
+ local subj = e(N_clust)
1016
+ test Full == Control
1017
+ local pFull = r(p)
1018
+ test Rule72 == Control
1019
+ local pRule72 = r(p)
1020
+ test Rhetoric == Control
1021
+ local pRhetoric = r(p)
1022
+ outreg2 using "tables/finCompSq.tex", ///
1023
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1024
+ tex(frag) ///
1025
+ dec(3) adec(3)
1026
+
1027
+ reg negSqDiff Control Full if sample == "new" & delay == 72, nocons cl(id)
1028
+ local subj = e(N_clust)
1029
+ test Full == Control
1030
+ local pFull = r(p)
1031
+ outreg2 using "tables/finCompSq.tex", ///
1032
+ addstat("subj", `subj', "pFull", `pFull') ///
1033
+ tex(frag) ///
1034
+ dec(3) adec(3)
1035
+
1036
+
1037
+ reg negSqDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
1038
+ local subj = e(N_clust)
1039
+ test Full == Control
1040
+ local pFull = r(p)
1041
+ test Rule72 == Control
1042
+ local pRule72 = r(p)
1043
+ test Rhetoric == Control
1044
+ local pRhetoric = r(p)
1045
+ outreg2 using "tables/finCompSq.tex", ///
1046
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1047
+ tex(frag) ///
1048
+ dec(3) adec(3)
1049
+
1050
+ reg negSqDiff Control Full if sample == "new" & delay == 36, nocons cl(id)
1051
+ local subj = e(N_clust)
1052
+ test Full == Control
1053
+ local pFull = r(p)
1054
+ outreg2 using "tables/finCompSq.tex", ///
1055
+ addstat("subj", `subj', "pFull", `pFull') ///
1056
+ tex(frag) ///
1057
+ dec(3) adec(3)
1058
+
1059
+ restore
1060
+
1061
+ }
1062
+
1063
+ // Table Financial Competence Correction for change in simply framed choices
1064
+ if 1 {
1065
+
1066
+ cap drop correctionFactor
1067
+ bysort id delay: egen correctionFactor = mean(discount_unframed)
1068
+ replace correctionFactor = 1 / correctionFactor
1069
+
1070
+ cap drop finCompAvg
1071
+ cap drop finCompCorr
1072
+ gen finCompCorr = -correctionFactor * absDiff * 100
1073
+
1074
+ preserve
1075
+ replace Full = fullNew if sample == "new"
1076
+ replace Control = 1 if contNew == 1
1077
+
1078
+ cap gen negAbsDiff = -absDiff
1079
+
1080
+ reg finCompCorr Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
1081
+ local subj = e(N_clust)
1082
+ test Full == Control
1083
+ local pFull = r(p)
1084
+ test Rule72 == Control
1085
+ local pRule72 = r(p)
1086
+ test Rhetoric == Control
1087
+ local pRhetoric = r(p)
1088
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1089
+ outreg2 using "tables/finCompCorr.tex", ///
1090
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1091
+ tex(frag) ///
1092
+ dec(3) adec(3) replace
1093
+
1094
+ reg finCompCorr Control Full if sample == "new", nocons cl(id)
1095
+ local subj = e(N_clust)
1096
+ test Full == Control
1097
+ local pFull = r(p)
1098
+ noisily: di "Relative improvement:"
1099
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1100
+ outreg2 using "tables/finCompCorr.tex", ///
1101
+ addstat("subj", `subj', "pFull", `pFull') ///
1102
+ tex(frag) ///
1103
+ dec(3) adec(3)
1104
+
1105
+
1106
+ reg finCompCorr Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
1107
+ local subj = e(N_clust)
1108
+ test Full == Control
1109
+ local pFull = r(p)
1110
+ test Rule72 == Control
1111
+ local pRule72 = r(p)
1112
+ test Rhetoric == Control
1113
+ local pRhetoric = r(p)
1114
+ outreg2 using "tables/finCompCorr.tex", ///
1115
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1116
+ tex(frag) ///
1117
+ dec(3) adec(3)
1118
+
1119
+ reg finCompCorr Control Full if sample == "new" & delay == 72, nocons cl(id)
1120
+ local subj = e(N_clust)
1121
+ test Full == Control
1122
+ local pFull = r(p)
1123
+ outreg2 using "tables/finCompCorr.tex", ///
1124
+ addstat("subj", `subj', "pFull", `pFull') ///
1125
+ tex(frag) ///
1126
+ dec(3) adec(3)
1127
+
1128
+
1129
+ reg finCompCorr Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
1130
+ local subj = e(N_clust)
1131
+ test Full == Control
1132
+ local pFull = r(p)
1133
+ test Rule72 == Control
1134
+ local pRule72 = r(p)
1135
+ test Rhetoric == Control
1136
+ local pRhetoric = r(p)
1137
+ outreg2 using "tables/finCompCorr.tex", ///
1138
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1139
+ tex(frag) ///
1140
+ dec(3) adec(3)
1141
+
1142
+ reg finCompCorr Control Full if sample == "new" & delay == 36, nocons cl(id)
1143
+ local subj = e(N_clust)
1144
+ test Full == Control
1145
+ local pFull = r(p)
1146
+ outreg2 using "tables/finCompCorr.tex", ///
1147
+ addstat("subj", `subj', "pFull", `pFull') ///
1148
+ tex(frag) ///
1149
+ dec(3) adec(3)
1150
+
1151
+ restore
1152
+ }
1153
+
1154
+ // Table Financial Competence Correction for change in simply framed choices ALT APPROX
1155
+ if 1 {
1156
+
1157
+ // rho is the amount by which the simply framed valuation changes as we scale up the consequences
1158
+ // Regress the (unnormalized) simply framed valuation on the amount, define rho as the slope factor
1159
+
1160
+ cap drop rhoAgg
1161
+ gen rhoAgg = .
1162
+ reg v_unframed amount if sample == "new" & Control == 0 & delay == 36
1163
+ replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 36
1164
+ reg v_unframed amount if sample == "new" & contNew == 1 & delay == 36
1165
+ replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 36
1166
+ reg v_unframed amount if sample == "old" & Control == 0 & delay == 36
1167
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 36
1168
+ reg v_unframed amount if sample == "old" & Control == 1 & delay == 36
1169
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 36
1170
+ reg v_unframed amount if sample == "new" & Control == 0 & delay == 72
1171
+ replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 72
1172
+ reg v_unframed amount if sample == "new" & contNew == 1 & delay == 72
1173
+ replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 72
1174
+ reg v_unframed amount if sample == "old" & Control == 0 & delay == 72
1175
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 72
1176
+ reg v_unframed amount if sample == "old" & Control == 1 & delay == 72
1177
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 72
1178
+
1179
+
1180
+ cap drop id2
1181
+ egen id2 = group(id)
1182
+
1183
+ cap drop rho
1184
+ gen rho = .
1185
+ forvalues i = 1 / 803 {
1186
+ reg v_unframed amount if id2 == `i'
1187
+ replace rho = _b[amount] if id2 == `i'
1188
+ }
1189
+
1190
+
1191
+ cap drop correctionFactor
1192
+ gen correctionFactor = 1 / rho
1193
+
1194
+ cap drop finCompAvg
1195
+ cap drop finCompCorrAltApprox
1196
+ gen finCompCorrAltApprox = -correctionFactor * absDiff
1197
+
1198
+ preserve
1199
+ replace Full = fullNew if sample == "new"
1200
+
1201
+ replace Control = 1 if contNew == 1
1202
+
1203
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
1204
+ local subj = e(N_clust)
1205
+ test Full == Control
1206
+ local pFull = r(p)
1207
+ test Rule72 == Control
1208
+ local pRule72 = r(p)
1209
+ test Rhetoric == Control
1210
+ local pRhetoric = r(p)
1211
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1212
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1213
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1214
+ tex(frag) ///
1215
+ dec(3) adec(3) replace
1216
+
1217
+ reg finCompCorrAltApprox Control Full if sample == "new", nocons cl(id)
1218
+ local subj = e(N_clust)
1219
+ test Full == Control
1220
+ local pFull = r(p)
1221
+ noisily: di "Relative improvement:"
1222
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1223
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1224
+ addstat("subj", `subj', "pFull", `pFull') ///
1225
+ tex(frag) ///
1226
+ dec(3) adec(3)
1227
+
1228
+
1229
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
1230
+ local subj = e(N_clust)
1231
+ test Full == Control
1232
+ local pFull = r(p)
1233
+ test Rule72 == Control
1234
+ local pRule72 = r(p)
1235
+ test Rhetoric == Control
1236
+ local pRhetoric = r(p)
1237
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1238
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1239
+ tex(frag) ///
1240
+ dec(3) adec(3)
1241
+
1242
+ reg finCompCorrAltApprox Control Full if sample == "new" & delay == 72, nocons cl(id)
1243
+ local subj = e(N_clust)
1244
+ test Full == Control
1245
+ local pFull = r(p)
1246
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1247
+ addstat("subj", `subj', "pFull", `pFull') ///
1248
+ tex(frag) ///
1249
+ dec(3) adec(3)
1250
+
1251
+
1252
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
1253
+ local subj = e(N_clust)
1254
+ test Full == Control
1255
+ local pFull = r(p)
1256
+ test Rule72 == Control
1257
+ local pRule72 = r(p)
1258
+ test Rhetoric == Control
1259
+ local pRhetoric = r(p)
1260
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1261
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1262
+ tex(frag) ///
1263
+ dec(3) adec(3)
1264
+
1265
+ reg finCompCorrAltApprox Control Full if sample == "new" & delay == 36, nocons cl(id)
1266
+ local subj = e(N_clust)
1267
+ test Full == Control
1268
+ local pFull = r(p)
1269
+ outreg2 using "tables/finCompCorrAltApprox.tex", ///
1270
+ addstat("subj", `subj', "pFull", `pFull') ///
1271
+ tex(frag) ///
1272
+ dec(3) adec(3)
1273
+
1274
+ restore
1275
+ }
1276
+
1277
+ // Table Financial Competence Correction for change in simply framed choices SQUARE measure
1278
+ if 1 {
1279
+
1280
+ cap drop correctionFactorSq
1281
+ bysort id delay: egen correctionFactorSq = mean(discount_unframed)
1282
+ replace correctionFactorSq = correctionFactorSq / 100
1283
+ replace correctionFactorSq = 1 / correctionFactorSq^2
1284
+
1285
+ cap drop finCompAvg
1286
+ cap drop finCompCorrSq
1287
+ gen finCompCorrSq = -correctionFactorSq * sqDiff
1288
+
1289
+ preserve
1290
+ replace Full = fullNew if sample == "new"
1291
+ replace Control = 1 if contNew == 1
1292
+
1293
+
1294
+ reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
1295
+ local subj = e(N_clust)
1296
+ test Full == Control
1297
+ local pFull = r(p)
1298
+ test Rule72 == Control
1299
+ local pRule72 = r(p)
1300
+ test Rhetoric == Control
1301
+ local pRhetoric = r(p)
1302
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1303
+ outreg2 using "tables/finCompCorrSq.tex", ///
1304
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1305
+ tex(frag) ///
1306
+ dec(3) adec(3) replace
1307
+
1308
+ reg finCompCorrSq Control Full if sample == "new", nocons cl(id)
1309
+ local subj = e(N_clust)
1310
+ test Full == Control
1311
+ local pFull = r(p)
1312
+ noisily: di "Relative improvement:"
1313
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1314
+ outreg2 using "tables/finCompCorrSq.tex", ///
1315
+ addstat("subj", `subj', "pFull", `pFull') ///
1316
+ tex(frag) ///
1317
+ dec(3) adec(3)
1318
+
1319
+
1320
+ reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
1321
+ local subj = e(N_clust)
1322
+ test Full == Control
1323
+ local pFull = r(p)
1324
+ test Rule72 == Control
1325
+ local pRule72 = r(p)
1326
+ test Rhetoric == Control
1327
+ local pRhetoric = r(p)
1328
+ outreg2 using "tables/finCompCorrSq.tex", ///
1329
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1330
+ tex(frag) ///
1331
+ dec(3) adec(3)
1332
+
1333
+ reg finCompCorrSq Control Full if sample == "new" & delay == 72, nocons cl(id)
1334
+ local subj = e(N_clust)
1335
+ test Full == Control
1336
+ local pFull = r(p)
1337
+ outreg2 using "tables/finCompCorrSq.tex", ///
1338
+ addstat("subj", `subj', "pFull", `pFull') ///
1339
+ tex(frag) ///
1340
+ dec(3) adec(3)
1341
+
1342
+
1343
+ reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
1344
+ local subj = e(N_clust)
1345
+ test Full == Control
1346
+ local pFull = r(p)
1347
+ test Rule72 == Control
1348
+ local pRule72 = r(p)
1349
+ test Rhetoric == Control
1350
+ local pRhetoric = r(p)
1351
+ outreg2 using "tables/finCompCorrSq.tex", ///
1352
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1353
+ tex(frag) ///
1354
+ dec(3) adec(3)
1355
+
1356
+ reg finCompCorrSq Control Full if sample == "new" & delay == 36, nocons cl(id)
1357
+ local subj = e(N_clust)
1358
+ test Full == Control
1359
+ local pFull = r(p)
1360
+ outreg2 using "tables/finCompCorrSq.tex", ///
1361
+ addstat("subj", `subj', "pFull", `pFull') ///
1362
+ tex(frag) ///
1363
+ dec(3) adec(3)
1364
+
1365
+ restore
1366
+ }
1367
+
1368
+ // Table Financial Competence Correction for change in simply framed choices SQUARE measure, ALT APPROX
1369
+ if 1 {
1370
+
1371
+ // rho is the amount by which the simply framed valuation changes as we scale up the consequences
1372
+ // Regress the (unnormalized) simply framed valuation on the amount, define rho as the slope factor
1373
+
1374
+ cap drop rhoAgg
1375
+ gen rhoAgg = .
1376
+ reg v_unframed amount if sample == "new" & Control == 0 & delay == 36
1377
+ replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 36
1378
+ reg v_unframed amount if sample == "new" & contNew == 1 & delay == 36
1379
+ replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 36
1380
+ reg v_unframed amount if sample == "old" & Control == 0 & delay == 36
1381
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 36
1382
+ reg v_unframed amount if sample == "old" & Control == 1 & delay == 36
1383
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 36
1384
+ reg v_unframed amount if sample == "new" & Control == 0 & delay == 72
1385
+ replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 72
1386
+ reg v_unframed amount if sample == "new" & contNew == 1 & delay == 72
1387
+ replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 72
1388
+ reg v_unframed amount if sample == "old" & Control == 0 & delay == 72
1389
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 72
1390
+ reg v_unframed amount if sample == "old" & Control == 1 & delay == 72
1391
+ replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 72
1392
+
1393
+
1394
+ cap drop id2
1395
+ egen id2 = group(id)
1396
+
1397
+ cap drop rho
1398
+ gen rho = .
1399
+ forvalues i = 1 / 803 {
1400
+ reg v_unframed amount if id2 == `i'
1401
+ replace rho = _b[amount] if id2 == `i'
1402
+ }
1403
+
1404
+
1405
+ cap drop correctionFactor
1406
+ gen correctionFactor = 1 / rhoAgg^2
1407
+
1408
+ cap drop finCompAvg
1409
+ cap drop finCompCorrAltApprox
1410
+ gen finCompCorrAltApprox = -correctionFactor * sqDiff
1411
+
1412
+ preserve
1413
+ replace Full = fullNew if sample == "new"
1414
+
1415
+ replace Control = 1 if contNew == 1
1416
+
1417
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
1418
+ local subj = e(N_clust)
1419
+ test Full == Control
1420
+ local pFull = r(p)
1421
+ test Rule72 == Control
1422
+ local pRule72 = r(p)
1423
+ test Rhetoric == Control
1424
+ local pRhetoric = r(p)
1425
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1426
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1427
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1428
+ tex(frag) ///
1429
+ dec(3) adec(3) replace
1430
+
1431
+ reg finCompCorrAltApprox Control Full if sample == "new", nocons cl(id)
1432
+ local subj = e(N_clust)
1433
+ test Full == Control
1434
+ local pFull = r(p)
1435
+ noisily: di "Relative improvement:"
1436
+ noisily: nlcom 1 - _b[Full]/_b[Control]
1437
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1438
+ addstat("subj", `subj', "pFull", `pFull') ///
1439
+ tex(frag) ///
1440
+ dec(3) adec(3)
1441
+
1442
+
1443
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
1444
+ local subj = e(N_clust)
1445
+ test Full == Control
1446
+ local pFull = r(p)
1447
+ test Rule72 == Control
1448
+ local pRule72 = r(p)
1449
+ test Rhetoric == Control
1450
+ local pRhetoric = r(p)
1451
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1452
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1453
+ tex(frag) ///
1454
+ dec(3) adec(3)
1455
+
1456
+ reg finCompCorrAltApprox Control Full if sample == "new" & delay == 72, nocons cl(id)
1457
+ local subj = e(N_clust)
1458
+ test Full == Control
1459
+ local pFull = r(p)
1460
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1461
+ addstat("subj", `subj', "pFull", `pFull') ///
1462
+ tex(frag) ///
1463
+ dec(3) adec(3)
1464
+
1465
+
1466
+ reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
1467
+ local subj = e(N_clust)
1468
+ test Full == Control
1469
+ local pFull = r(p)
1470
+ test Rule72 == Control
1471
+ local pRule72 = r(p)
1472
+ test Rhetoric == Control
1473
+ local pRhetoric = r(p)
1474
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1475
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1476
+ tex(frag) ///
1477
+ dec(3) adec(3)
1478
+
1479
+ reg finCompCorrAltApprox Control Full if sample == "new" & delay == 36, nocons cl(id)
1480
+ local subj = e(N_clust)
1481
+ test Full == Control
1482
+ local pFull = r(p)
1483
+ outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
1484
+ addstat("subj", `subj', "pFull", `pFull') ///
1485
+ tex(frag) ///
1486
+ dec(3) adec(3)
1487
+
1488
+ restore
1489
+ }
1490
+
1491
+ // Table Simple frame
1492
+ if 1 {
1493
+ preserve
1494
+ replace Full = fullNew if sample == "new"
1495
+
1496
+ cap gen negAbsDiff = -absDiff
1497
+
1498
+ reg discount_unframed Full if (Full == 1 | Control == 1) & delay == 72 & sample == "old", cl(id)
1499
+ local subj = e(N_clust)
1500
+ lincom _b[_cons] + _b[Full]
1501
+ local levelFull = r(estimate)
1502
+ local seFull = r(se)
1503
+ outreg2 using "tables/simpleFrame.tex", ///
1504
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
1505
+ tex(frag) ///
1506
+ dec(3) adec(3) replace
1507
+
1508
+ reg discount_unframed Full if (Full == 1 | contNew == 1) & delay == 72 & sample == "new", cl(id)
1509
+ local subj = e(N_clust)
1510
+ lincom _b[_cons] + _b[Full]
1511
+ local levelFull = r(estimate)
1512
+ local seFull = r(se)
1513
+ outreg2 using "tables/simpleFrame.tex", ///
1514
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
1515
+ tex(frag) ///
1516
+ dec(3) adec(3)
1517
+
1518
+ reg discount_unframed Full if (Full == 1 | Control == 1) & delay == 36 & sample == "old", cl(id)
1519
+ local subj = e(N_clust)
1520
+ lincom _b[_cons] + _b[Full]
1521
+ local levelFull = r(estimate)
1522
+ local seFull = r(se)
1523
+ outreg2 using "tables/simpleFrame.tex", ///
1524
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
1525
+ tex(frag) ///
1526
+ dec(3) adec(3)
1527
+
1528
+ reg discount_unframed Full if (Full == 1 | contNew == 1) & delay == 36 & sample == "new", cl(id)
1529
+ local subj = e(N_clust)
1530
+ lincom _b[_cons] + _b[Full]
1531
+ local levelFull = r(estimate)
1532
+ local seFull = r(se)
1533
+ outreg2 using "tables/simpleFrame.tex", ///
1534
+ addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
1535
+ tex(frag) ///
1536
+ dec(3) adec(3)
1537
+
1538
+
1539
+
1540
+ restore
1541
+
1542
+
1543
+ }
1544
+
1545
+ // Table Analysis by Quartiles
1546
+ if 1 {
1547
+
1548
+
1549
+ preserve
1550
+
1551
+ gen qSimple1 = .
1552
+ gen qSimple2 = .
1553
+ gen qSimple3 = .
1554
+ gen qSimple4 = .
1555
+
1556
+ foreach tr in Full fullN Control contN {
1557
+ su meanVsimple if `tr' == 1, d
1558
+
1559
+ replace qSimple1 = meanVsimple < r(p25) if `tr' == 1
1560
+ replace qSimple2 = meanVsimple < r(p50) & meanVsimple >= r(p25) if `tr' == 1
1561
+ replace qSimple3 = meanVsimple < r(p75) & meanVsimple >= r(p50) if `tr' == 1
1562
+ replace qSimple4 = meanVsimple >= r(p75) if `tr' == 1
1563
+
1564
+ }
1565
+
1566
+ replace Full = fullNew if sample == "new"
1567
+
1568
+ cap gen Full1 = qSimple1 * Full
1569
+ cap gen Full2 = qSimple2 * Full
1570
+ cap gen Full3 = qSimple3 * Full
1571
+ cap gen Full4 = qSimple4 * Full
1572
+
1573
+ cap gen negAbsDiff = -absDiff
1574
+
1575
+ reg negAbsDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "old", nocons cl(id)
1576
+ local subj = e(N_clust)
1577
+ lincom qSimple1 + Full1
1578
+ local levelFull1 = r(estimate)
1579
+ local levelFull1se = r(se)
1580
+ lincom qSimple2 + Full2
1581
+ local levelFull2 = r(estimate)
1582
+ local levelFull2se = r(se)
1583
+ lincom qSimple3 + Full3
1584
+ local levelFull3 = r(estimate)
1585
+ local levelFull3se = r(se)
1586
+ lincom qSimple4 + Full4
1587
+ local levelFull4 = r(estimate)
1588
+ local levelFull4se = r(se)
1589
+ outreg2 using "tables/finCompAggregation.tex", ///
1590
+ addstat( "subj", `subj', ///
1591
+ "levelFull1", `levelFull1', ///
1592
+ "levelFull1se", `levelFull1se', ///
1593
+ "levelFull2", `levelFull2', ///
1594
+ "levelFull2se", `levelFull2se', ///
1595
+ "levelFull3", `levelFull3', ///
1596
+ "levelFull3se", `levelFull3se', ///
1597
+ "levelFull4", `levelFull4', ///
1598
+ "levelFull4se", `levelFull4se' ) ///
1599
+ tex(frag) ///
1600
+ dec(3) adec(3) replace
1601
+
1602
+
1603
+
1604
+ reg negAbsDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "new", nocons cl(id)
1605
+ local subj = e(N_clust)
1606
+ lincom qSimple1 + Full1
1607
+ local levelFull1 = r(estimate)
1608
+ local levelFull1se = r(se)
1609
+ lincom qSimple2 + Full2
1610
+ local levelFull2 = r(estimate)
1611
+ local levelFull2se = r(se)
1612
+ lincom qSimple3 + Full3
1613
+ local levelFull3 = r(estimate)
1614
+ local levelFull3se = r(se)
1615
+ lincom qSimple4 + Full4
1616
+ local levelFull4 = r(estimate)
1617
+ local levelFull4se = r(se)
1618
+ outreg2 using "tables/finCompAggregation.tex", ///
1619
+ addstat( "subj", `subj', ///
1620
+ "levelFull1", `levelFull1', ///
1621
+ "levelFull1se", `levelFull1se', ///
1622
+ "levelFull2", `levelFull2', ///
1623
+ "levelFull2se", `levelFull2se', ///
1624
+ "levelFull3", `levelFull3', ///
1625
+ "levelFull3se", `levelFull3se', ///
1626
+ "levelFull4", `levelFull4', ///
1627
+ "levelFull4se", `levelFull4se' ) ///
1628
+ tex(frag) ///
1629
+ dec(3) adec(3)
1630
+
1631
+
1632
+
1633
+ restore
1634
+ }
1635
+
1636
+ // Table Analysis by Quartiles SQUARE measure
1637
+ if 1 {
1638
+
1639
+
1640
+ preserve
1641
+
1642
+ gen qSimple1 = .
1643
+ gen qSimple2 = .
1644
+ gen qSimple3 = .
1645
+ gen qSimple4 = .
1646
+
1647
+ foreach tr in Full fullN Control contN {
1648
+ su meanVsimple if `tr' == 1, d
1649
+
1650
+ replace qSimple1 = meanVsimple < r(p25) if `tr' == 1
1651
+ replace qSimple2 = meanVsimple < r(p50) & meanVsimple >= r(p25) if `tr' == 1
1652
+ replace qSimple3 = meanVsimple < r(p75) & meanVsimple >= r(p50) if `tr' == 1
1653
+ replace qSimple4 = meanVsimple >= r(p75) if `tr' == 1
1654
+
1655
+ }
1656
+
1657
+ replace Full = fullNew if sample == "new"
1658
+
1659
+ cap gen Full1 = qSimple1 * Full
1660
+ cap gen Full2 = qSimple2 * Full
1661
+ cap gen Full3 = qSimple3 * Full
1662
+ cap gen Full4 = qSimple4 * Full
1663
+
1664
+ cap gen negSqDiff = -sqDiff
1665
+
1666
+ reg negSqDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "old", nocons cl(id)
1667
+ local subj = e(N_clust)
1668
+ lincom qSimple1 + Full1
1669
+ local levelFull1 = r(estimate)
1670
+ local levelFull1se = r(se)
1671
+ lincom qSimple2 + Full2
1672
+ local levelFull2 = r(estimate)
1673
+ local levelFull2se = r(se)
1674
+ lincom qSimple3 + Full3
1675
+ local levelFull3 = r(estimate)
1676
+ local levelFull3se = r(se)
1677
+ lincom qSimple4 + Full4
1678
+ local levelFull4 = r(estimate)
1679
+ local levelFull4se = r(se)
1680
+ outreg2 using "tables/finCompAggregationSq.tex", ///
1681
+ addstat( "subj", `subj', ///
1682
+ "levelFull1", `levelFull1', ///
1683
+ "levelFull1se", `levelFull1se', ///
1684
+ "levelFull2", `levelFull2', ///
1685
+ "levelFull2se", `levelFull2se', ///
1686
+ "levelFull3", `levelFull3', ///
1687
+ "levelFull3se", `levelFull3se', ///
1688
+ "levelFull4", `levelFull4', ///
1689
+ "levelFull4se", `levelFull4se' ) ///
1690
+ tex(frag) ///
1691
+ dec(3) adec(3) replace
1692
+
1693
+
1694
+
1695
+ reg negSqDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "new", nocons cl(id)
1696
+ local subj = e(N_clust)
1697
+ lincom qSimple1 + Full1
1698
+ local levelFull1 = r(estimate)
1699
+ local levelFull1se = r(se)
1700
+ lincom qSimple2 + Full2
1701
+ local levelFull2 = r(estimate)
1702
+ local levelFull2se = r(se)
1703
+ lincom qSimple3 + Full3
1704
+ local levelFull3 = r(estimate)
1705
+ local levelFull3se = r(se)
1706
+ lincom qSimple4 + Full4
1707
+ local levelFull4 = r(estimate)
1708
+ local levelFull4se = r(se)
1709
+ outreg2 using "tables/finCompAggregationSq.tex", ///
1710
+ addstat( "subj", `subj', ///
1711
+ "levelFull1", `levelFull1', ///
1712
+ "levelFull1se", `levelFull1se', ///
1713
+ "levelFull2", `levelFull2', ///
1714
+ "levelFull2se", `levelFull2se', ///
1715
+ "levelFull3", `levelFull3', ///
1716
+ "levelFull3se", `levelFull3se', ///
1717
+ "levelFull4", `levelFull4', ///
1718
+ "levelFull4se", `levelFull4se' ) ///
1719
+ tex(frag) ///
1720
+ dec(3) adec(3)
1721
+
1722
+
1723
+
1724
+ restore
1725
+ }
1726
+
1727
+ // Table mechanisms
1728
+ if 1 {
1729
+
1730
+ cap gen negAbsDiff = -absDiff
1731
+
1732
+ reg score_compounding Rule72 Rhetoric Full Control if tag == 1 & sample == "old", nocons cl(id)
1733
+ local subj = e(N_clust)
1734
+ test Full == Control
1735
+ local pFull = r(p)
1736
+ test Rule72 == Control
1737
+ local pRule72 = r(p)
1738
+ test Rhetoric == Control
1739
+ local pRhetoric = r(p)
1740
+ outreg2 using "tables/mechanisms1.tex", ///
1741
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1742
+ tex(frag) ///
1743
+ dec(3) adec(3) replace
1744
+
1745
+ reg score_indexing Rule72 Rhetoric Full Control if tag == 1 & sample == "old", nocons cl(id)
1746
+ local subj = e(N_clust)
1747
+ test Full == Control
1748
+ local pFull = r(p)
1749
+ test Rule72 == Control
1750
+ local pRule72 = r(p)
1751
+ test Rhetoric == Control
1752
+ local pRhetoric = r(p)
1753
+ outreg2 using "tables/mechanisms1.tex", ///
1754
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1755
+ tex(frag) ///
1756
+ dec(3) adec(3)
1757
+
1758
+ reg discount_framed Rule72 Rhetoric Full Control if sample == "old", nocons cl(id)
1759
+ local subj = e(N_clust)
1760
+ test Full == Control
1761
+ local pFull = r(p)
1762
+ test Rule72 == Control
1763
+ local pRule72 = r(p)
1764
+ test Rhetoric == Control
1765
+ local pRhetoric = r(p)
1766
+ outreg2 using "tables/mechanisms1.tex", ///
1767
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1768
+ tex(frag) ///
1769
+ dec(3) adec(3)
1770
+
1771
+
1772
+ reg discount_unframed Rule72 Rhetoric Full Control if sample == "old", nocons cl(id)
1773
+ local subj = e(N_clust)
1774
+ test Full == Control
1775
+ local pFull = r(p)
1776
+ test Rule72 == Control
1777
+ local pRule72 = r(p)
1778
+ test Rhetoric == Control
1779
+ local pRhetoric = r(p)
1780
+ outreg2 using "tables/mechanisms1.tex", ///
1781
+ addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
1782
+ tex(frag) ///
1783
+ dec(3) adec(3)
1784
+
1785
+
1786
+
1787
+ }
1788
+
1789
+ // Table demographics
1790
+ if 1 {
1791
+
1792
+ gen flAll3 = fl1 * fl2 * fl3
1793
+ gen flAll5 = flAll3 * fl4 * fl5
1794
+
1795
+ postfile demo str16 var float Control Full Rule72 Rhetoric fullNew contNew pOld pNew using "data/demographics.dta", replace
1796
+
1797
+ local varlist = "fl1 fl2 fl3 fl4 fl5 flAll3 flAll5 gender age income afram asian caucasian hispanic other lessThanHighSchool highSchool voc someCollege college graduate fullTime partTime married widowed divorced never_married rural urbanSuburban hh1 hh2 hh3 hh4 ownStocks"
1798
+ foreach var in `varlist' {
1799
+
1800
+
1801
+ if ("`var'" == "age" | "`var'" == "income" ) {
1802
+ qreg `var' fullNew if tag == 1 & sample == "new"
1803
+ cap test fullNew == 0
1804
+ local pNew = r(p)
1805
+ local fullNew = _b[fullNew] + _b[_cons]
1806
+ local contNew = _b[_cons]
1807
+ qreg `var' Full Rule72 Rhetoric if tag == 1 & sample == "old"
1808
+ cap test Full == Rule72 == Rhetoric == 0
1809
+ local pOld = r(p)
1810
+ local Full = _b[_cons] + _b[Full]
1811
+ local Rule72 = _b[_cons] + _b[Rule72]
1812
+ local Rhetoric = _b[_cons] + _b[Rhetoric]
1813
+ post demo ("`var'") (_b[_cons]) (`Full') (`Rule72') (`Rhetoric') (`fullNew') (`contNew') (`pOld') (`pNew')
1814
+ }
1815
+ else {
1816
+ reg `var' fullNew contNew if tag == 1 & sample == "new", nocons
1817
+ cap test fullNew == contNew
1818
+ local pNew = r(p)
1819
+ local fullNew = _b[fullNew]
1820
+ local contNew = _b[contNew]
1821
+ reg `var' Control Full Rule72 Rhetoric if tag == 1 & sample == "old", nocons
1822
+ cap test Control == Full == Rule72 == Rhetoric
1823
+ local pOld = r(p)
1824
+ post demo ("`var'") (_b[Control]) (_b[Full]) (_b[Rule72]) (_b[Rhetoric]) (`fullNew') (`contNew') (`pOld') (`pNew')
1825
+ }
1826
+
1827
+ }
1828
+
1829
+ count if Control == 1 & tag == 1
1830
+ local nCont = r(N)
1831
+ count if Full == 1 & tag == 1
1832
+ local nFull = r(N)
1833
+ count if Rule72 == 1 & tag == 1
1834
+ local nRule72 = r(N)
1835
+ count if Rhetoric == 1 & tag == 1
1836
+ local nRhetoric = r(N)
1837
+ count if fullNew == 1 & tag == 1
1838
+ local nfullNew = r(N)
1839
+ count if contNew == 1 & tag == 1
1840
+ local ncontNew = r(N)
1841
+
1842
+ post demo ("N") (`nCont') (`nFull') (`nRule72') (`nRhetoric') (`nfullNew') (`ncontNew') (.) (.)
1843
+
1844
+
1845
+ postclose demo
1846
+
1847
+ preserve
1848
+ clear
1849
+ use "data/demographics.dta"
1850
+ format %9.2f Full Control Rule72 Rhetoric fullNew contNew pOld pNew
1851
+ order var Full Control Rule72 Rhetoric pOld fullNew contNew pNew
1852
+ outsheet using "tables/demographicsNew.tex", delimiter("&") nonames replace
1853
+ restore
1854
+
1855
+ }
1856
+
1857
+ // Table demographic controls
1858
+ if 1 {
1859
+
1860
+ cap gen negAbsDiff = -absDiff
1861
+ local controls = "fl1 fl2 fl3 fl4 fl5 gender age income afram asian caucasian hispanic other lessThanHighSchool highSchool voc someCollege college graduate fullTime partTime married widowed divorced never_married rural urbanSuburban hh1 hh2 hh3 hh4 ownStocks"
1862
+ local treatments = "fullN Full Control Rule72 Rhetoric"
1863
+
1864
+ reg score_compounding `treatments' `controls' if tag == 1, nocons cl(id)
1865
+ local subj = e(N_clust)
1866
+ test Full == Control
1867
+ local pFull = r(p)
1868
+ outreg2 using "tables/demoControl.tex", ///
1869
+ keep(`treatments') ///
1870
+ addstat("subj", `subj', "pFull", `pFull') ///
1871
+ tex(frag) ///
1872
+ dec(3) adec(3) replace
1873
+
1874
+ reg score_indexing `treatments' `controls' if tag == 1, nocons cl(id)
1875
+ local subj = e(N_clust)
1876
+ test Full == Control
1877
+ local pFull = r(p)
1878
+ outreg2 using "tables/demoControl.tex", ///
1879
+ keep(`treatments') ///
1880
+ addstat("subj", `subj', "pFull", `pFull') ///
1881
+ tex(frag) ///
1882
+ dec(3) adec(3)
1883
+
1884
+ reg discount_framed `treatments' `controls' , nocons cl(id)
1885
+ local subj = e(N_clust)
1886
+ test Full == Control
1887
+ local pFull = r(p)
1888
+ outreg2 using "tables/demoControl.tex", ///
1889
+ keep(`treatments') ///
1890
+ addstat("subj", `subj', "pFull", `pFull') ///
1891
+ tex(frag) ///
1892
+ dec(3) adec(3)
1893
+
1894
+
1895
+ reg discount_unframed `treatments' `controls' , nocons cl(id)
1896
+ local subj = e(N_clust)
1897
+ test Full == Control
1898
+ local pFull = r(p)
1899
+ outreg2 using "tables/demoControl.tex", ///
1900
+ keep(`treatments') ///
1901
+ addstat("subj", `subj', "pFull", `pFull') ///
1902
+ tex(frag) ///
1903
+ dec(3) adec(3)
1904
+
1905
+ reg negAbsDiff `treatments' `controls' , nocons cl(id)
1906
+ local subj = e(N_clust)
1907
+ test Full == Control
1908
+ local pFull = r(p)
1909
+ outreg2 using "tables/demoControl.tex", ///
1910
+ keep(`treatments') ///
1911
+ addstat("subj", `subj', "pFull", `pFull') ///
1912
+ tex(frag) ///
1913
+ dec(3) adec(3)
1914
+
1915
+
1916
+ cap drop correctionFactor
1917
+ bysort id delay: egen correctionFactor = mean(discount_unframed)
1918
+ replace correctionFactor = 1 / correctionFactor
1919
+
1920
+ cap drop finCompAvg
1921
+ cap drop finCompCorr
1922
+ gen finCompCorr = -correctionFactor * absDiff * 100
1923
+
1924
+ reg finCompCorr `treatments' `controls' , nocons cl(id)
1925
+ local subj = e(N_clust)
1926
+ test Full == Control
1927
+ local pFull = r(p)
1928
+ outreg2 using "tables/demoControl.tex", ///
1929
+ keep(`treatments') ///
1930
+ addstat("subj", `subj', "pFull", `pFull') ///
1931
+ tex(frag) ///
1932
+ dec(3) adec(3)
1933
+
1934
+
1935
+
1936
+ }
1937
+
1938
+ }
1939
+
1940
+
1941
+
1942
+
1943
+
1944
+
1945
+
1946
+
1947
+
1948
+
1949
+
1950
+
1951
+
1952
+
1953
+
1954
+
1955
+
1956
+
1957
+
1958
+
1959
+
1960
+
1961
+
1962
+
26/replication_package/doFiles/dataManagementExpA.do ADDED
@@ -0,0 +1,640 @@
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
+ clear all
2
+
3
+
4
+ ******* bring Qualtrics data into stata format
5
+
6
+
7
+ insheet using "data/raw/expAbatch1.csv", names
8
+ gen id = _n
9
+ drop if id == 1
10
+ replace id = id - 1 + 1000
11
+ destring, replace
12
+ rename treatment fined
13
+ save "data/raw_1.dta", replace
14
+ clear
15
+
16
+
17
+ insheet using "data/raw/expAbatch2.csv", names
18
+ gen id = _n
19
+ drop if id == 1
20
+ replace id = id - 1 + 2000
21
+ drop excluded
22
+ destring, replace
23
+ rename treatment fined
24
+ save "data/raw_2.dta", replace
25
+
26
+
27
+ clear
28
+ insheet using "data/raw/expAbatch3.csv", names
29
+ gen id = _n
30
+ drop if id == 1
31
+ replace id = id - 1 + 3000
32
+ destring, replace
33
+ drop excluded
34
+ rename treatment fined
35
+ replace fined = 2 if fined == 1 // 2 is substance only
36
+ replace fined = 3 if fined == 0 // 3 is rhetoric only
37
+ save "data/raw_3.dta", replace
38
+
39
+
40
+ clear
41
+ insheet using "data/raw/expAbatch4.csv", names
42
+ gen id = _n
43
+ drop if id == 1
44
+ replace id = id - 1 + 4000
45
+ destring, replace
46
+ drop excluded
47
+ rename treatment fined
48
+ save "data/raw_4.dta", replace
49
+
50
+
51
+ clear
52
+ insheet using "data/raw/expAbatch5.csv", names
53
+ gen id = _n
54
+ drop if id == 1
55
+ replace id = id - 1 + 5000
56
+ destring, replace
57
+ drop excluded
58
+ rename treatment fined
59
+ save "data/raw_5.dta", replace
60
+
61
+
62
+
63
+ clear
64
+ insheet using "data/raw/expAbatch6.csv", names
65
+ gen id = _n
66
+ drop if id == 1
67
+ replace id = id - 1 + 6000
68
+ destring, replace
69
+ drop excluded
70
+ rename treatment fined
71
+ replace fined = 2 if fined == 1 // 2 is substance only
72
+ replace fined = 3 if fined == 0 // 3 is rhetoric only
73
+ save "data/raw_6.dta", replace
74
+
75
+
76
+ clear
77
+ insheet using "data/raw/expAbatch7.csv", names
78
+ gen id = _n
79
+ drop if id == 1
80
+ replace id = id - 1 + 7000
81
+ destring, replace
82
+ drop excluded
83
+ rename treatment fined
84
+ replace fined = 2 if fined == 1 // 2 is substance only
85
+ replace fined = 3 if fined == 0 // 3 is rhetoric only
86
+ save "data/raw_7.dta", replace
87
+ clear
88
+
89
+
90
+ insheet using "data/raw/expAbatch8.csv", names
91
+ gen id = _n
92
+ drop if id == 1
93
+ replace id = id - 1 + 8000
94
+ destring, replace
95
+ drop excluded
96
+ rename treatment fined
97
+ replace fined = 2 if fined == 1 // 2 is substance only
98
+ replace fined = 3 if fined == 0 // 3 is rhetoric only
99
+ drop codewt
100
+ drop codetreat
101
+ save "data/raw_8.dta", replace
102
+
103
+
104
+ clear
105
+ use "data/raw_1.dta"
106
+ append using "data/raw_2.dta"
107
+ append using "data/raw_3.dta"
108
+ append using "data/raw_4.dta"
109
+ append using "data/raw_5.dta"
110
+ append using "data/raw_6.dta"
111
+ append using "data/raw_7.dta"
112
+ append using "data/raw_8.dta"
113
+
114
+ rename v6 ip
115
+ rename v8 startDate
116
+ rename v9 endDate
117
+
118
+
119
+
120
+ ***** attrition
121
+
122
+ gen attrited = help_test == .
123
+ gen attrition_before_video = q120 == .
124
+ gen started_video = (q124 == 1 | q125 == 1)
125
+
126
+ preserve
127
+ keep id attrited attrition_before_video started_video fined
128
+ save "data/attrition.dta", replace
129
+ restore
130
+
131
+
132
+ drop if help_test == .
133
+ drop attrited attrition_before_video started_video
134
+ save "data/raw_all.dta", replace
135
+
136
+
137
+ ** find switching points
138
+
139
+ // strategy:
140
+ // 1. reshape
141
+ // 2. order
142
+ // 3. generate variable in order starting from 35, going down
143
+ // 4. generate second variable, set to missing if choice was 1, to order otherwise, egen min of these
144
+ // 5. generate third variable, set to missing if choice was 2, to order otherwise, egen max of those
145
+ // 6. check for single switch by comparing whether max + 1 == min
146
+
147
+
148
+ preserve
149
+ rename sc0_0 score
150
+ gen pay_test = payment_for_test <= 25
151
+ keep id ip amt_id gender age ethnicity educ marital urban income employed hh_size stocks rule72* calculate line1 line2 amt1 amt2 decision_index pay_test payment_for_test score fined finlit* att* help_test test* startDate endDate time*
152
+ save "data/non_MPL.dta", replace
153
+ restore
154
+
155
+ keep id impl*
156
+
157
+ forvalues i = 1 / 20 {
158
+ rename impl`i'_1_11 impl`i'_1
159
+ rename impl`i'_1_21 impl`i'_2
160
+ rename impl`i'_1_31 impl`i'_3
161
+ rename impl`i'_1_41 impl`i'_4
162
+ rename impl`i'_1_51 impl`i'_5
163
+ rename impl`i'_1_61 impl`i'_6
164
+ rename impl`i'_1_71 impl`i'_7
165
+ rename impl`i'_1_81 impl`i'_8
166
+ rename impl`i'_1_91 impl`i'_9
167
+ rename impl`i'_1_101 impl`i'_10
168
+ rename impl`i'_1_111 impl`i'_11
169
+
170
+ }
171
+
172
+ keep impl1_* impl2_* impl3_* impl4_* impl5_* impl6_* impl7_* impl8_* impl9_* impl10_* impl11_* impl12_* impl13_* impl14_* impl15_* impl16_* impl17_* impl18_* impl19_* impl20_* id
173
+ reshape long impl1_ impl2_ impl3_ impl4_ impl5_ impl6_ impl7_ impl8_ impl9_ impl10_ impl11_ impl12_ impl13_ impl14_ impl15_ impl16_ impl17_ impl18_ impl19_ impl20_, i(id) j(line 1-11)
174
+
175
+ forvalues i = 1 / 20 {
176
+ rename impl`i'_ impl`i'
177
+ }
178
+
179
+ sort id line
180
+
181
+ gen sum_multi_switch_1 = 0
182
+
183
+ local varlist impl1
184
+ forvalues i=2/20 {
185
+ local varlist `varlist' impl`i'
186
+ }
187
+
188
+
189
+ ** first pricelist for each delayed reward
190
+
191
+ foreach var in `varlist' {
192
+
193
+ gen line_left = line
194
+ gen line_right = line
195
+ replace line_left = . if `var' == 1
196
+ replace line_right = . if `var' == 0
197
+
198
+ by id: egen switch_low = max(line_left)
199
+ by id: egen switch_high = min(line_right)
200
+ by id: egen mll = max(line_left)
201
+ by id: egen mlr = min(line_right)
202
+
203
+ gen multi_switch_`var' = 1 - (switch_high == 1 + switch_low)
204
+ replace multi_switch_`var' = 0 if switch_high == 11 | switch_high == . | switch_low == 1 | switch_low == .
205
+
206
+ gen value_`var' = switch_high
207
+ replace value_`var' = . if multi_switch_`var' == 1
208
+ replace value_`var' = 0 if mlr == 1 //case where all right selected
209
+ replace value_`var' = 12 if mll == 11 // case where all left selected
210
+
211
+ replace sum_multi_switch_1 = sum_multi_switch_1 + multi_switch_`var'
212
+
213
+ drop line_left
214
+ drop line_right
215
+ drop switch_high
216
+ drop switch_low
217
+ drop mll
218
+ drop mlr
219
+
220
+ gen value_coarse_`var' = 20 - 2*(value_`var'-1)
221
+
222
+ }
223
+
224
+ preserve
225
+ drop value_impl*
226
+ drop impl*
227
+
228
+
229
+ collapse (mean) value* sum_multi* (max) multi*, by(id)
230
+
231
+ save "data/data_coarse.dta", replace
232
+ restore
233
+
234
+
235
+ // second pricelist for each delayed reward
236
+
237
+ clear all
238
+ set more off
239
+ use "data/raw_all.dta"
240
+
241
+ keep id impl*
242
+
243
+
244
+ forvalues i = 1 / 20 {
245
+ rename impl`i'_2_31 impl`i'_1
246
+ rename impl`i'_2_41 impl`i'_2
247
+ rename impl`i'_2_51 impl`i'_3
248
+ rename impl`i'_2_61 impl`i'_4
249
+ rename impl`i'_2_71 impl`i'_5
250
+ rename impl`i'_2_81 impl`i'_6
251
+ rename impl`i'_2_91 impl`i'_7
252
+ rename impl`i'_2_101 impl`i'_8
253
+ rename impl`i'_2_111 impl`i'_9
254
+ rename impl`i'_2_121 impl`i'_10
255
+ drop impl`i'_1_*
256
+ }
257
+
258
+ keep impl1_* impl2_* impl3_* impl4_* impl5_* impl6_* impl7_* impl8_* impl9_* impl10_* impl11_* impl12_* impl13_* impl14_* impl15_* impl16_* impl17_* impl18_* impl19_* impl20_* id
259
+ reshape long impl1_ impl2_ impl3_ impl4_ impl5_ impl6_ impl7_ impl8_ impl9_ impl10_ impl11_ impl12_ impl13_ impl14_ impl15_ impl16_ impl17_ impl18_ impl19_ impl20_ , i(id) j(line 1-10)
260
+
261
+ forvalues i = 1 / 20 {
262
+ rename impl`i'_ impl`i'
263
+ }
264
+
265
+ sort id line
266
+
267
+ gen sum_multi_switch_2 = 0
268
+
269
+ local varlist impl1
270
+ forvalues i=2/20 {
271
+ local varlist `varlist' impl`i'
272
+ }
273
+
274
+ foreach var in `varlist' {
275
+
276
+ gen line_left = line
277
+ gen line_right = line
278
+ replace line_left = . if `var' == 1
279
+ replace line_right = . if `var' == 0
280
+
281
+ by id: egen switch_low = max(line_left)
282
+ by id: egen switch_high = min(line_right)
283
+ by id: egen mll = max(line_left)
284
+ by id: egen mlr = min(line_right)
285
+
286
+
287
+
288
+ gen multi_switch_`var' = 1 - (switch_high == 1 + switch_low)
289
+ replace multi_switch_`var' = 0 if (switch_high == 1 & switch_low == .) | (switch_high == . & switch_low == 10)
290
+
291
+ gen value_`var' = switch_low
292
+ replace value_`var' = . if multi_switch_`var' == 1
293
+ replace value_`var' = 0 if mlr == 1 //case where all right selected
294
+ replace value_`var' = 10 if mll == 10 // case where all left selected
295
+
296
+ replace sum_multi_switch_2 = sum_multi_switch_2 + multi_switch_`var'
297
+
298
+ drop line_left
299
+ drop line_right
300
+ drop switch_high
301
+ drop switch_low
302
+ drop mll
303
+ drop mlr
304
+
305
+ gen value_fine_`var' = 1.8 - 0.2*value_`var'
306
+ replace value_fine_`var' = 0 if value_fine_`var' < 0
307
+ }
308
+
309
+
310
+ drop value_impl*
311
+ drop impl*
312
+
313
+ collapse (mean) value* sum_multi* (max) multi*, by(id)
314
+
315
+ save "data/data_fine.dta", replace
316
+
317
+
318
+
319
+
320
+
321
+
322
+ ***********************************
323
+ *** merge datasets ***************
324
+ ***********************************
325
+
326
+ clear all
327
+ use "data/data_fine.dta"
328
+ merge 1:1 id using "data/data_coarse.dta"
329
+ drop _merge
330
+ merge 1:1 id using "data/non_MPL.dta"
331
+ drop _merge
332
+
333
+ forvalues i = 1/20 {
334
+ gen value`i' = value_coarse_impl`i' + value_fine_impl`i'
335
+ rename time`i'1_1 timeFirstClick`i'
336
+ rename time`i'1_2 timeLastClick`i'
337
+ rename time`i'1_3 timeSubmit`i'
338
+ rename time`i'1_4 numClicks`i'
339
+ }
340
+
341
+
342
+ // Label variables conveniently
343
+
344
+ gen multi = 0
345
+ forvalues i = 1 / 20 {
346
+ replace multi = 1 if multi_switch_impl`i' == 1
347
+ replace multi = 1 if sum_multi_switch_1 == 1 | sum_multi_switch_2 == 1
348
+ }
349
+ drop multi_* value_*
350
+
351
+ reshape long value timeFirstClick timeLastClick timeSubmit numClicks, i(id) j(treatment)
352
+
353
+ gen framed = treatment > 10
354
+ gen delay = 72
355
+ replace delay = 36 if treatment >=6 & treatment <= 10
356
+ replace delay = 36 if treatment == 11 | treatment == 13 | treatment == 15 | treatment == 17 | treatment == 19
357
+
358
+ gen amount = 20
359
+ replace amount = 18 if treatment == 2 | treatment == 7 | treatment == 14 | treatment == 13
360
+ replace amount = 16 if treatment == 3 | treatment == 8 | treatment == 16 | treatment == 15
361
+ replace amount = 14 if treatment == 4 | treatment == 9 | treatment == 18 | treatment == 17
362
+ replace amount = 12 if treatment == 5 | treatment == 10 | treatment == 20 | treatment == 19
363
+ gen amount_precise = amount
364
+
365
+
366
+ // rename treatments such that #framed = #unframed + 10
367
+ gen tr_new = tr
368
+ replace tr_new = 1 if treat == 6
369
+ replace tr_new = 2 if treat == 1
370
+ replace tr_new = 3 if treat == 7
371
+ replace tr_new = 4 if treat == 2
372
+ replace tr_new = 5 if treat == 8
373
+ replace tr_new = 6 if treat == 3
374
+ replace tr_new = 7 if treat == 9
375
+ replace tr_new = 8 if treat == 4
376
+ replace tr_new = 9 if treat == 10
377
+ replace tr_new = 10 if treat == 5
378
+
379
+ rename treatment tr_old
380
+ rename tr_new treatment
381
+
382
+ replace treatment = treatment - 10 if framed == 1
383
+
384
+ replace amount_precise = 20.40 if treatment == 11 | treatment == 1
385
+ replace amount_precise = 20.47 if treatment == 12 | treatment == 2
386
+ replace amount_precise = 18.47 if treatment == 13 | treatment == 3
387
+ replace amount_precise = 18.73 if treatment == 14 | treatment == 4
388
+ replace amount_precise = 16.29 if treatment == 15 | treatment == 5
389
+ replace amount_precise = 16.80 if treatment == 16 | treatment == 6
390
+ replace amount_precise = 14.37 if treatment == 17 | treatment == 7
391
+ replace amount_precise = 15.16 if treatment == 18 | treatment == 8
392
+ replace amount_precise = 11.58 if treatment == 19 | treatment == 9
393
+ replace amount_precise = 11.83 if treatment == 20 | treatment == 10
394
+
395
+ gen id_alt = 1000*id+treatment
396
+ sort id_alt
397
+ order id_alt delay treatment tr_old
398
+
399
+ drop tr_old
400
+
401
+ reshape wide value timeFirstClick timeLastClick timeSubmit numClicks, i(id_alt) j(framed)
402
+
403
+ rename value0 v_unframed
404
+ rename value1 v_framed
405
+
406
+ rename timeFirstClick0 timeFirstClickUnframed
407
+ rename timeFirstClick1 timeFirstClickFramed
408
+ rename timeLastClick0 timeLastClickUnframed
409
+ rename timeLastClick1 timeLastClickFramed
410
+ rename timeSubmit0 timeSubmitUnframed
411
+ rename timeSubmit1 timeSubmitFramed
412
+ rename numClicks0 numClicksUnframed
413
+ rename numClicks1 numClicksFramed
414
+
415
+ gen r = .
416
+ replace r = 0.02 if treatment == 1
417
+ replace r = 0.01 if treatment == 2
418
+ replace r = 0.04 if treatment == 3
419
+ replace r = 0.02 if treatment == 4
420
+ replace r = 0.06 if treatment == 5
421
+ replace r = 0.03 if treatment == 6
422
+ replace r = 0.08 if treatment == 7
423
+ replace r = 0.04 if treatment == 8
424
+ replace r = 0.05 if treatment == 9
425
+ replace r = 0.25 if treatment == 10
426
+
427
+ gen doublings = 1
428
+ replace doublings = 2 if treatment == 3 | treatment == 4
429
+ replace doublings = 3 if treatment == 5 | treatment == 6
430
+ replace doublings = 4 if treatment == 7 | treatment == 8
431
+ replace doublings = 2.5 if treatment == 9 | treatment == 10
432
+
433
+ replace age = age + 17
434
+
435
+ forvalues i = 1/10 {
436
+ gen t`i' = 0
437
+ }
438
+
439
+ replace t1 = 1 if test1 == 2
440
+ replace t2 = 1 if test2 == 4
441
+ replace t3 = 1 if test3 == 4
442
+ replace t4 = 1 if test4 == 7
443
+ replace t5 = 1 if test5 == 6
444
+ replace t6 = 1 if test6 == 3
445
+ replace t7 = 1 if test7 == 4
446
+ replace t8 = 1 if test8 == 2
447
+ replace t9 = 1 if test9 == 3
448
+ replace t10 = 1 if test10 == 3
449
+
450
+ gen score_compounding = t1+t2+t3+t4+t5
451
+ gen score_indexing = score - score_compounding
452
+
453
+ gen fl1 = finlit1 == 1
454
+ gen fl2 = finlit2 == 1
455
+ gen fl3 = finlit3 == 3
456
+ gen fl4 = finlit4 == 1
457
+ gen fl5 = finlit5 == 2
458
+ gen fl_score = (fl1 == 1) * (fl2 == 1) * (fl3 == 1) * (fl4 == 1) * (fl5 == 1)
459
+ gen fl_sum = (fl1 == 1) + (fl2 == 1) + (fl3 == 1) + (fl4 == 1) + (fl5 == 1)
460
+ gen fl_score_compound = (fl1 == 1) * (fl2 == 1) * (fl3 == 1)
461
+ gen fl_sum_compound = (fl1 == 1) + (fl2 == 1) + (fl3 == 1)
462
+
463
+ gen size_error_simple = .
464
+ replace size_error_simple = 3.20 if treatment == 1
465
+ replace size_error_simple = 3.27 if treatment == 2
466
+ replace size_error_simple = 7.49 if treatment == 3
467
+ replace size_error_simple = 7.75 if treatment == 4
468
+ replace size_error_simple = 9.97 if treatment == 5
469
+ replace size_error_simple = 10.48 if treatment == 6
470
+ replace size_error_simple = 10.88 if treatment == 7
471
+ replace size_error_simple = 11.66 if treatment == 8
472
+ replace size_error_simple = 5.98 if treatment == 9
473
+ replace size_error_simple = 6.23 if treatment == 10
474
+
475
+ // use midpoint of the interval for analysis
476
+ replace v_framed = v_framed + 0.1
477
+ replace v_unframed = v_unframed + 0.1
478
+
479
+ replace v_framed = 0 if v_framed <= 0
480
+ replace v_unframed = 0 if v_unframed <= 0
481
+
482
+
483
+
484
+ merge m:1 id using "data/attrition.dta"
485
+
486
+ gen double startTime = clock(startDate, "YMDhms")
487
+ gen double endTime = clock(endDate, "YMDhms")
488
+
489
+ gen double duration = endTime - startTime
490
+ replace duration = duration / (1000*60) // duration in minutes
491
+
492
+
493
+ drop line1 line2 decision_index
494
+
495
+ gen fl_high = fl_score_compound == 1
496
+
497
+ gen discount_unframed = v_unframed/amount * 100
498
+ gen discount_framed = v_framed/amount_precise * 100
499
+ gen discount_framed_72 = v_framed/amount * 100
500
+
501
+ sort id delay
502
+ by id delay: egen min_discount_unframed = min(discount_unframed)
503
+ by id delay: egen max_discount_unframed = max(discount_unframed)
504
+
505
+ gen diff = discount_framed - discount_unframed
506
+ gen diff72 = discount_framed - discount_unframed
507
+ gen min_diff = discount_framed - min_discount_unframed
508
+ gen max_diff = discount_framed - max_discount_unframed
509
+
510
+
511
+ gen abs_diff = - abs(diff)
512
+ gen sq_diff = - (diff/100)^2*100
513
+ gen sq_diff72 = - (diff72/100)^2*100
514
+ gen sq_diff_up = - (diff/100)^2*100
515
+ gen sq_diff_down = - (diff/100)^2*100
516
+ replace sq_diff_up = 0 if diff > 0
517
+ replace sq_diff_down = 0 if diff < 0
518
+
519
+ sort id
520
+ by id: egen mean_diff = mean(diff)
521
+ gen sq_mean_diff = - (mean_diff/100)^2*100
522
+ gen sq_mean_diff_up = - (mean_diff/100)^2*100
523
+ gen sq_mean_diff_down = - (mean_diff/100)^2*100
524
+ replace sq_mean_diff_up = 0 if mean_diff > 0
525
+ replace sq_mean_diff_down = 0 if mean_diff < 0
526
+
527
+ gen sqrt_diff = - sqrt(abs(diff)/100)*100
528
+
529
+ gen abs_min_diff = - abs(min_diff)
530
+ gen abs_max_diff = - abs(max_diff)
531
+ gen sq_min_diff = -(min_diff/100)^2*100
532
+ gen sq_max_diff = -(max_diff/100)^2*100
533
+
534
+ gen CVa = min(sq_min_diff, sq_max_diff)
535
+ gen CVb = max(sq_min_diff, sq_max_diff)
536
+ replace CVb = 0 if discount_framed <= max_discount_unframed & discount_framed >= min_discount_unframed
537
+
538
+ gen asy_diff_up = diff
539
+ replace asy_diff_up = 0 if diff > 0
540
+ gen asy_diff_down = - diff
541
+ replace asy_diff_down = 0 if diff < 0
542
+
543
+ sort id delay
544
+ by id delay: egen mean_disc = mean(discount_unframed)
545
+
546
+ gen r72 = rule72 == 1
547
+ gen r72inv = rule72_inv == 1
548
+
549
+
550
+ // generate treatment dummies
551
+
552
+ gen Control = fined == 0 // Control
553
+ gen Full = fined == 1 // Full
554
+ gen Rule72 = fined == 2 // Substance Only
555
+ gen Rhetoric = fined == 3 // Rhetoric Only
556
+
557
+ label define treatment 0 "Control" 1 "Full Treatment" 2 "Only Rule of 72" 3 "Only Rhetoric"
558
+ label values fined treatment
559
+
560
+
561
+ // measures of noise and inattention
562
+
563
+ sort id delay
564
+ by id delay: egen sdV = sd(v_framed)
565
+ by id: egen mean_sdV = mean(sdV)
566
+
567
+ gen slope_unframed = .
568
+ gen slope_framed = .
569
+ gen corr_unframed_framed = .
570
+ gen r2_unframed_framed = .
571
+ drop if id == -1
572
+ egen id3 = group(id)
573
+ su id3
574
+ local max = r(max)
575
+ forvalues i = 1/`max' {
576
+ capture: reg discount_unframed amount if id3 == `i'
577
+ capture: replace slope_unframed = _b[amount] if id3 == `i'
578
+ capture: reg discount_framed amount_precise if id3 == `i'
579
+ capture: replace slope_framed = _b[amount_precise] if id3 == `i'
580
+ capture: reg discount_framed discount_unframed if id3 == `i'
581
+ capture: replace corr_unframed_framed = _b[discount_unframed] if id3 == `i'
582
+ capture: replace r2_unframed_framed = e(r2) if id3 == `i'
583
+ }
584
+
585
+ su slope_unframed, d
586
+ gen lowSlope25 = slope_unframed <= r(p25)
587
+ gen lowSlope50 = slope_unframed <= r(p50)
588
+ gen lowSlope75 = slope_unframed <= r(p75)
589
+
590
+
591
+ ***** Demographic variables
592
+
593
+
594
+ gen afram = ethnicity == 1
595
+ gen asian = ethnicity == 2
596
+ gen caucasian = ethnicity == 3
597
+ gen hispanic = ethnicity == 4
598
+ gen other = ethnicity == 5
599
+
600
+ gen lessThanHighSchool = educ <= 2
601
+ gen highSchool = educ == 3
602
+ gen voc = educ == 4
603
+ gen someCollege = educ == 5
604
+ gen college = educ == 6
605
+ gen graduate = educ >= 7
606
+
607
+ gen rural = urban == 3
608
+ gen urbanSuburban = urban <= 2
609
+
610
+ gen fullTime = employed == 3
611
+ gen partTime = employed == 2
612
+
613
+ gen hh1 = hh_size == 1
614
+ gen hh2 = hh_size == 2
615
+ gen hh3 = hh_size == 3
616
+ gen hh4 = hh_size >= 4
617
+
618
+ gen married = marital == 3 | marital == 4
619
+ gen widowed = marital == 6
620
+ gen divorced = marital == 1
621
+ gen never_married = marital == 2 | marital == 5
622
+
623
+ gen ownStocks = stocks == 1
624
+
625
+ gen fl_high_remaining = fl4 == 1 & fl5 == 1
626
+ gen was_married = widowed == 1 | divorced == 1
627
+ gen highSchoolOrLess = highSchool == 1 | lessThanHighSchool == 1
628
+ gen vocOrSomeCollege = voc == 1 | someCollege == 1
629
+ gen hh3to5 = hh_size >= 2 & hh_size <= 5
630
+ gen hhGeq6 = hh_size >= 6
631
+ replace income = income / 1000
632
+
633
+ egen tag = tag(id)
634
+
635
+
636
+ save "data/dataExpA.dta", replace
637
+
638
+
639
+
640
+
26/replication_package/doFiles/dataManagementExpB.do ADDED
@@ -0,0 +1,562 @@
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
+ clear all
2
+
3
+
4
+
5
+
6
+
7
+
8
+ // insheet the data
9
+ if 1 {
10
+
11
+ insheet using "data/raw/expBbatch1.csv", names
12
+ drop if _n <= 2 // drop lines added by qualtrics
13
+ gen batch = 1
14
+ gen id = _n + 1000*batch
15
+ destring, replace
16
+ rename treatment fined /*DZ: fined=1 designates treated with BLB intervention.*/
17
+
18
+ drop if _n == 1 // dropping text line that qualtrics adds
19
+ destring, replace
20
+
21
+
22
+ gen attrited = finlit3 ~= . & impl111_impl11_1 == .
23
+ gen attritedLate = q182 ~= . & impl111_impl11_1 == .
24
+
25
+ save "data/batch1.dta", replace
26
+
27
+ clear
28
+
29
+
30
+ insheet using "data/raw/expBbatch2.csv", names
31
+ drop if _n <= 2 // drop lines added by qualtrics
32
+ gen batch = 2
33
+ gen id = _n + 1000*batch
34
+ destring, replace
35
+ rename treatment fined /*DZ: fined=1 designates treated with BLB intervention.*/
36
+
37
+ drop if _n == 1 // dropping text line that qualtrics adds
38
+ destring, replace
39
+
40
+
41
+ gen attrited = finlit3 ~= . & impl111_impl11_1 == .
42
+ gen attritedLate = q182 ~= . & impl111_impl11_1 == .
43
+
44
+ save "data/batch2.dta", replace
45
+
46
+ clear
47
+
48
+ use "data/batch1.dta", replace
49
+ append using "data/batch2.dta"
50
+
51
+
52
+
53
+ save "data/dataRaw.dta", replace
54
+ }
55
+
56
+ use "data/dataRaw.dta", replace
57
+
58
+
59
+ //
60
+
61
+
62
+
63
+
64
+ ** find switching points
65
+
66
+ // strategy:
67
+ // 1. reshape
68
+ // 2. order
69
+ // 3. gen variable in order starting from 35, going down
70
+ // 4. gen second variable, set to missing if choice was 1, to order otherwise, egen min of these
71
+ // 5. gen third variable, set to missing if choice was 2, to order otherwise, egen max of those
72
+ // 6. check for single switch by comparing whether max + 1 == min
73
+
74
+ ***************************************************************************************************************
75
+
76
+ forvalues i = 1/10 {
77
+ gen s`i' = 0
78
+ }
79
+
80
+ replace s1 = 1 if test1 == 2
81
+ replace s2 = 1 if test2 == 4
82
+ replace s3 = 1 if test3 == 4
83
+ replace s4 = 1 if test4 == 7
84
+ replace s5 = 1 if test5 == 6
85
+ replace s6 = 1 if test6 == 4
86
+ replace s7 = 1 if test7 == 5
87
+ replace s8 = 1 if test8 == 5
88
+ replace s9 = 1 if test9 == 5
89
+ replace s10 = 1 if test10 == 1
90
+
91
+
92
+ gen score = s1+s2+s3+s4+s5+s6+s7+s8+s9+s10
93
+
94
+
95
+
96
+ preserve
97
+ /*rename sc0_0 score*/
98
+
99
+ gen pay_test = payment_for_test <= 25
100
+ keep ip id amt_id gender age ethnicity educ marital urban income employed hh_size stocks rule72* calculate line1 line2 amt1 amt2 decision_index pay_test payment_for_test fined finlit* att* help_test test* startdate enddate durationinseconds time* score
101
+ save "data/dataNon_MPL.dta", replace
102
+ restore
103
+
104
+ *****************************************************************************************************************8
105
+
106
+ keep id impl*
107
+
108
+ forvalues i = 1 / 20 {
109
+ rename impl`i'11_impl`i'1_1 impl`i'_1
110
+ rename impl`i'11_impl`i'1_2 impl`i'_2
111
+ rename impl`i'11_impl`i'1_3 impl`i'_3
112
+ rename impl`i'11_impl`i'1_4 impl`i'_4
113
+ rename impl`i'11_impl`i'1_5 impl`i'_5
114
+ rename impl`i'11_impl`i'1_6 impl`i'_6
115
+ rename impl`i'11_impl`i'1_7 impl`i'_7
116
+ rename impl`i'11_impl`i'1_8 impl`i'_8
117
+ rename impl`i'11_impl`i'1_9 impl`i'_9
118
+ rename impl`i'11_impl`i'1_10 impl`i'_10
119
+ rename impl`i'11_impl`i'1_11 impl`i'_11
120
+ }
121
+
122
+ keep impl1_* impl2_* impl3_* impl4_* impl5_* impl6_* impl7_* impl8_* impl9_* impl10_* impl11_* impl12_* impl13_* impl14_* impl15_* impl16_* impl17_* impl18_* impl19_* impl20_* id
123
+ reshape long impl1_ impl2_ impl3_ impl4_ impl5_ impl6_ impl7_ impl8_ impl9_ impl10_ impl11_ impl12_ impl13_ impl14_ impl15_ impl16_ impl17_ impl18_ impl19_ impl20_, i(id) j(line 1-11)
124
+
125
+ forvalues i = 1 / 20 {
126
+ rename impl`i'_ impl`i'
127
+ }
128
+
129
+ sort id line
130
+
131
+ gen sum_multi_switch_1 = 0
132
+
133
+ local varlist impl1
134
+ forvalues i=2/20 {
135
+ local varlist `varlist' impl`i'
136
+ }
137
+
138
+
139
+ ** first pricelist
140
+
141
+ foreach var in `varlist' { /*At this point varlist includes impl1, impl2, ... impl20*/
142
+
143
+ gen line_left = line
144
+ gen line_right = line
145
+ replace line_left = . if `var' == 1
146
+ replace line_right = . if `var' == 0
147
+
148
+ by id: egen switch_low = max(line_left)
149
+ by id: egen switch_high = min(line_right)
150
+ by id: egen mll = max(line_left)
151
+ by id: egen mlr = min(line_right)
152
+
153
+ gen multi_switch_`var' = 1 - (switch_high == 1 + switch_low)
154
+ replace multi_switch_`var' = 0 if switch_high == 11 | switch_high == . | switch_low == 1 | switch_low == .
155
+
156
+ gen value_`var' = switch_high
157
+ replace value_`var' = . if multi_switch_`var' == 1
158
+ replace value_`var' = 0 if mlr == 1 //case where all right selected
159
+ replace value_`var' = 12 if mll == 11 // case where all left selected
160
+
161
+ replace sum_multi_switch_1 = sum_multi_switch_1 + multi_switch_`var'
162
+
163
+ drop line_left
164
+ drop line_right
165
+ drop switch_high
166
+ drop switch_low
167
+ drop mll
168
+ drop mlr
169
+
170
+ gen value_coarse_`var' = 20 - 2*(value_`var'-1)
171
+
172
+ }
173
+
174
+
175
+ preserve
176
+ drop value_impl*
177
+ drop impl*
178
+ collapse (mean) value* sum_multi* (max) multi*, by(id)
179
+ save "data/data_Coarse.dta", replace
180
+ restore
181
+
182
+
183
+
184
+
185
+ ***********************************
186
+ *** fine valuations ***************
187
+ ***********************************
188
+
189
+
190
+ clear all
191
+ set more off
192
+ use "data/dataRaw.dta"
193
+
194
+ keep id impl*
195
+
196
+
197
+ forvalues i = 1 / 20 {
198
+ rename impl`i'21_impl`i'2_3 impl`i'_1
199
+ rename impl`i'21_impl`i'2_4 impl`i'_2
200
+ rename impl`i'21_impl`i'2_5 impl`i'_3
201
+ rename impl`i'21_impl`i'2_6 impl`i'_4
202
+ rename impl`i'21_impl`i'2_7 impl`i'_5
203
+ rename impl`i'21_impl`i'2_8 impl`i'_6
204
+ rename impl`i'21_impl`i'2_9 impl`i'_7
205
+ rename impl`i'21_impl`i'2_10 impl`i'_8
206
+ rename impl`i'21_impl`i'2_11 impl`i'_9
207
+ rename impl`i'21_impl`i'2_12 impl`i'_10
208
+
209
+ }
210
+
211
+
212
+
213
+
214
+ keep impl1_* impl2_* impl3_* impl4_* impl5_* impl6_* impl7_* impl8_* impl9_* impl10_* impl11_* impl12_* impl13_* impl14_* impl15_* impl16_* impl17_* impl18_* impl19_* impl20_* id
215
+ reshape long impl1_ impl2_ impl3_ impl4_ impl5_ impl6_ impl7_ impl8_ impl9_ impl10_ impl11_ impl12_ impl13_ impl14_ impl15_ impl16_ impl17_ impl18_ impl19_ impl20_ , i(id) j(line 1-10)
216
+
217
+ forvalues i = 1 / 20 {
218
+ rename impl`i'_ impl`i'
219
+ }
220
+
221
+ sort id line
222
+
223
+ gen sum_multi_switch_2 = 0
224
+
225
+ local varlist impl1
226
+ forvalues i=2/20 {
227
+ local varlist `varlist' impl`i'
228
+ }
229
+
230
+
231
+
232
+
233
+
234
+ ** second pricelist
235
+
236
+ foreach var in `varlist' {
237
+
238
+ gen line_left = line
239
+ gen line_right = line
240
+ replace line_left = . if `var' == 1
241
+ replace line_right = . if `var' == 0
242
+
243
+ by id: egen switch_low = max(line_left)
244
+ by id: egen switch_high = min(line_right)
245
+ by id: egen mll = max(line_left)
246
+ by id: egen mlr = min(line_right)
247
+
248
+
249
+
250
+ gen multi_switch_`var' = 1 - (switch_high == 1 + switch_low)
251
+ replace multi_switch_`var' = 0 if (switch_high == 1 & switch_low == .) | (switch_high == . & switch_low == 10)
252
+
253
+ gen value_`var' = switch_low
254
+ replace value_`var' = . if multi_switch_`var' == 1
255
+ replace value_`var' = 0 if mlr == 1 //case where all right selected
256
+ replace value_`var' = 10 if mll == 10 // case where all left selected
257
+
258
+ replace sum_multi_switch_2 = sum_multi_switch_2 + multi_switch_`var'
259
+
260
+ drop line_left
261
+ drop line_right
262
+ drop switch_high
263
+ drop switch_low
264
+ drop mll
265
+ drop mlr
266
+
267
+ gen value_fine_`var' = 1.8 - 0.2*value_`var'
268
+ replace value_fine_`var' = 0 if value_fine_`var' < 0
269
+ }
270
+
271
+
272
+ drop value_impl*
273
+ drop impl*
274
+
275
+ collapse (mean) value* sum_multi* (max) multi*, by(id)
276
+
277
+ save "data/data_Fine.dta", replace
278
+
279
+
280
+
281
+
282
+
283
+
284
+ ***********************************
285
+ *** merge datasets ***************
286
+ ***********************************
287
+
288
+ clear all
289
+ use "data/data_Fine.dta"
290
+ merge 1:1 id using "data/data_Coarse.dta"
291
+ drop _merge
292
+ merge 1:1 id using "data/dataNon_MPL.dta"
293
+ drop _merge
294
+
295
+ /*DZ: Slight change in naming of variables.*/
296
+ forvalues i = 1/20 {
297
+ gen value`i' = value_coarse_impl`i' + value_fine_impl`i'
298
+
299
+ rename time`i'1_firstclick timeFirstClick`i'
300
+ rename time`i'1_lastclick timeLastClick`i'
301
+ rename time`i'1_pagesubmit timeSubmit`i'
302
+ rename time`i'1_clickcount numClicks`i'
303
+
304
+ }
305
+
306
+
307
+
308
+ ***********************************
309
+
310
+
311
+
312
+ gen multi = 0
313
+ forvalues i = 1 / 20 {
314
+ replace multi = 1 if multi_switch_impl`i' == 1
315
+ replace multi = 1 if sum_multi_switch_1 == 1 | sum_multi_switch_2 == 1
316
+ }
317
+ drop multi_*
318
+
319
+
320
+ drop value_*
321
+
322
+
323
+
324
+ reshape long value timeFirstClick timeLastClick timeSubmit numClicks, i(id) j(treatment)
325
+
326
+
327
+
328
+
329
+ gen framed = treatment > 10
330
+
331
+ gen delay = 72
332
+ replace delay = 36 if treatment >=6 & treatment <= 10
333
+ replace delay = 36 if treatment == 11 | treatment == 13 | treatment == 15 | treatment == 17 | treatment == 19
334
+
335
+
336
+ gen amount = 20
337
+ replace amount = 18 if treatment == 2 | treatment == 7 | treatment == 14 | treatment == 13
338
+ replace amount = 16 if treatment == 3 | treatment == 8 | treatment == 16 | treatment == 15
339
+ replace amount = 14 if treatment == 4 | treatment == 9 | treatment == 18 | treatment == 17
340
+ replace amount = 12 if treatment == 5 | treatment == 10 | treatment == 20 | treatment == 19
341
+
342
+ gen amount_precise = amount
343
+
344
+
345
+ // rename treatments such that #framed = #unframed + 10
346
+
347
+ gen tr_new = tr
348
+ replace tr_new = 1 if treat == 6
349
+ replace tr_new = 2 if treat == 1
350
+ replace tr_new = 3 if treat == 7
351
+ replace tr_new = 4 if treat == 2
352
+ replace tr_new = 5 if treat == 8
353
+ replace tr_new = 6 if treat == 3
354
+ replace tr_new = 7 if treat == 9
355
+ replace tr_new = 8 if treat == 4
356
+ replace tr_new = 9 if treat == 10
357
+ replace tr_new = 10 if treat == 5
358
+
359
+ rename treatment tr_old
360
+ rename tr_new treatment
361
+
362
+ replace treatment = treatment - 10 if framed == 1
363
+
364
+
365
+ replace amount_precise = 20.40 if treatment == 11 | treatment == 1
366
+ replace amount_precise = 20.47 if treatment == 12 | treatment == 2
367
+ replace amount_precise = 18.47 if treatment == 13 | treatment == 3
368
+ replace amount_precise = 18.73 if treatment == 14 | treatment == 4
369
+ replace amount_precise = 16.29 if treatment == 15 | treatment == 5
370
+ replace amount_precise = 16.80 if treatment == 16 | treatment == 6
371
+ replace amount_precise = 14.37 if treatment == 17 | treatment == 7
372
+ replace amount_precise = 15.16 if treatment == 18 | treatment == 8
373
+ replace amount_precise = 11.58 if treatment == 19 | treatment == 9
374
+ replace amount_precise = 11.83 if treatment == 20 | treatment == 10
375
+
376
+
377
+
378
+ gen id_alt = 1000*id+treatment
379
+ sort id_alt
380
+ order id_alt delay treatment tr_old
381
+
382
+ drop tr_old
383
+
384
+ reshape wide value timeFirstClick timeLastClick timeSubmit numClicks, i(id_alt) j(framed)
385
+
386
+ rename value0 v_unframed
387
+ rename value1 v_framed
388
+
389
+
390
+ rename timeFirstClick0 timeFirstClickUnframed
391
+ rename timeFirstClick1 timeFirstClickFramed
392
+ rename timeLastClick0 timeLastClickUnframed
393
+ rename timeLastClick1 timeLastClickFramed
394
+ rename timeSubmit0 timeSubmitUnframed
395
+ rename timeSubmit1 timeSubmitFramed
396
+ rename numClicks0 numClicksUnframed
397
+ rename numClicks1 numClicksFramed
398
+
399
+
400
+
401
+ gen difficulty = 0
402
+ replace difficulty = 1 if treatment >= 3 & treatment <= 8
403
+ replace difficulty = 2 if treatment >= 9
404
+
405
+ gen start = 10
406
+ replace start = 4.5 if treatment == 3 | treatment == 4
407
+ replace start = 2 if treatment == 5 | treatment == 6 | treatment == 9 | treatment == 10
408
+ replace start = 0.9 if treatment == 7 | treatment == 8
409
+
410
+ gen r = .
411
+ replace r = 0.02 if treatment == 1
412
+ replace r = 0.01 if treatment == 2
413
+ replace r = 0.04 if treatment == 3
414
+ replace r = 0.02 if treatment == 4
415
+ replace r = 0.06 if treatment == 5
416
+ replace r = 0.03 if treatment == 6
417
+ replace r = 0.08 if treatment == 7
418
+ replace r = 0.04 if treatment == 8
419
+ replace r = 0.05 if treatment == 9
420
+ replace r = 0.25 if treatment == 10
421
+
422
+
423
+ gen doublings = 1
424
+ replace doublings = 2 if treatment == 3 | treatment == 4
425
+ replace doublings = 3 if treatment == 5 | treatment == 6
426
+ replace doublings = 4 if treatment == 7 | treatment == 8
427
+ replace doublings = 2.5 if treatment == 9 | treatment == 10
428
+
429
+
430
+ replace age = age + 17
431
+
432
+ forvalues i = 1/10 {
433
+ gen t`i' = 0
434
+ }
435
+
436
+ replace t1 = 1 if test1 == 2
437
+ replace t2 = 1 if test2 == 4
438
+ replace t3 = 1 if test3 == 4
439
+ replace t4 = 1 if test4 == 7
440
+ replace t5 = 1 if test5 == 6
441
+ replace t6 = 1 if test6 == 4
442
+ replace t7 = 1 if test7 == 4
443
+ replace t8 = 1 if test8 == 5
444
+ replace t9 = 1 if test9 == 5
445
+ replace t10 = 1 if test10 == 5
446
+
447
+
448
+
449
+ gen score_compounding = t1+t2+t3+t4+t5
450
+ gen score_indexing = score - score_compounding
451
+
452
+ gen fl1 = finlit1 == 1
453
+ gen fl2 = finlit2 == 1
454
+ gen fl3 = finlit3 == 3
455
+ gen fl4 = finlit4 == 1
456
+ gen fl5 = finlit5 == 2
457
+ gen fl_score = (fl1 == 1) * (fl2 == 1) * (fl3 == 1) * (fl4 == 1) * (fl5 == 1)
458
+ gen fl_sum = (fl1 == 1) + (fl2 == 1) + (fl3 == 1) + (fl4 == 1) + (fl5 == 1)
459
+ gen fl_score_compound = (fl1 == 1) * (fl2 == 1) * (fl3 == 1)
460
+ gen fl_sum_compound = (fl1 == 1) + (fl2 == 1) + (fl3 == 1)
461
+
462
+ gen size_error_simple = .
463
+ replace size_error_simple = 3.20 if treatment == 1
464
+ replace size_error_simple = 3.27 if treatment == 2
465
+ replace size_error_simple = 7.49 if treatment == 3
466
+ replace size_error_simple = 7.75 if treatment == 4
467
+ replace size_error_simple = 9.97 if treatment == 5
468
+ replace size_error_simple = 10.48 if treatment == 6
469
+ replace size_error_simple = 10.88 if treatment == 7
470
+ replace size_error_simple = 11.66 if treatment == 8
471
+ replace size_error_simple = 5.98 if treatment == 9
472
+ replace size_error_simple = 6.23 if treatment == 10
473
+
474
+
475
+
476
+
477
+
478
+
479
+ // use midpoint of the interval for analysis
480
+ replace v_framed = v_framed + 0.1
481
+ replace v_unframed = v_unframed + 0.1
482
+
483
+ replace v_framed = 0 if v_framed <= 0
484
+ replace v_unframed = 0 if v_unframed <= 0
485
+
486
+ ************ monotonicity violations
487
+ sort id
488
+ gen v_u_1_i = v_unframed if amount == 12
489
+ gen v_u_2_i = v_unframed if amount == 14
490
+ gen v_u_3_i = v_unframed if amount == 16
491
+ gen v_u_4_i = v_unframed if amount == 18
492
+ gen v_u_5_i = v_unframed if amount == 20
493
+ by id: egen v_u_1 = max(v_u_1_i)
494
+ by id: egen v_u_2 = max(v_u_2_i)
495
+ by id: egen v_u_3 = max(v_u_3_i)
496
+ by id: egen v_u_4 = max(v_u_4_i)
497
+ by id: egen v_u_5 = max(v_u_5_i)
498
+
499
+ gen monotonic_u = (v_u_1 <= v_u_2 & v_u_2 <= v_u_3 & v_u_3 <= v_u_4 & v_u_4 <= v_u_5)
500
+
501
+ gen v_f_1_i = v_framed if amount == 12
502
+ gen v_f_2_i = v_framed if amount == 14
503
+ gen v_f_3_i = v_framed if amount == 16
504
+ gen v_f_4_i = v_framed if amount == 18
505
+ gen v_f_5_i = v_framed if amount == 20
506
+ by id: egen v_f_1 = max(v_f_1_i)
507
+ by id: egen v_f_2 = max(v_f_2_i)
508
+ by id: egen v_f_3 = max(v_f_3_i)
509
+ by id: egen v_f_4 = max(v_f_4_i)
510
+ by id: egen v_f_5 = max(v_f_5_i)
511
+
512
+ gen monotonic_f = (v_f_1 <= v_f_2 & v_f_2 <= v_f_3 & v_f_3 <= v_f_4 & v_f_4 <= v_f_5)
513
+
514
+
515
+
516
+ egen tag_id = tag(id)
517
+
518
+
519
+ gen duration = durationinseconds/60 /* duration in minutes */
520
+
521
+
522
+ gen afram = ethnicity == 1
523
+ gen asian = ethnicity == 2
524
+ gen caucasian = ethnicity == 3
525
+ gen hispanic = ethnicity == 4
526
+ gen other = ethnicity == 5
527
+
528
+
529
+ gen lessThanHighSchool = educ <= 2
530
+ gen highSchool = educ == 3
531
+ gen voc = educ == 4
532
+ gen someCollege = educ == 5
533
+ gen college = educ == 6
534
+ gen graduate = educ >= 7
535
+
536
+ gen rural = urban == 3
537
+ gen urbanSuburban = urban <= 2
538
+
539
+ gen fullTime = employed == 3
540
+ gen partTime = employed == 2
541
+
542
+ gen hh1 = hh_size == 1
543
+ gen hh2 = hh_size == 2
544
+ gen hh3 = hh_size == 3
545
+ gen hh4 = hh_size >= 4
546
+
547
+ gen married = marital == 3 | marital == 4
548
+ gen widowed = marital == 6
549
+ gen divorced = marital == 1
550
+ gen never_married = marital == 2 | marital == 5
551
+
552
+ gen ownStocks = stocks == 1
553
+
554
+
555
+
556
+ drop line1 line2 decision_index
557
+ drop if test10 == .
558
+ save "data/dataExpB.dta", replace
559
+
560
+
561
+
562
+
26/replication_package/doFiles/master.do ADDED
@@ -0,0 +1,12 @@
 
 
 
 
 
 
 
 
 
 
 
 
 
1
+
2
+
3
+
4
+ cap cd "/Users/sambuehl/Dropbox/Financial_Literacy/SUBMISSIONS/AER 2/Round 3/REPLICATION PACKAGE V2/"
5
+
6
+ set more off
7
+
8
+ run "doFiles/setup.do"
9
+ run "doFiles/dataManagementExpA.do"
10
+ run "doFiles/dataManagementExpB.do"
11
+ run "doFiles/analysis.do"
12
+
26/replication_package/doFiles/setup.do ADDED
@@ -0,0 +1,2 @@
 
 
 
1
+ ssc install outreg2
2
+ ssc install distplot
26/replication_package/readMe.pdf ADDED
@@ -0,0 +1,3 @@
 
 
 
 
1
+ version https://git-lfs.github.com/spec/v1
2
+ oid sha256:3d96b5f8fafc4d7777af8ee5bfa70d2fd7cdb9bdc80cfccdac73cfc750c53283
3
+ size 126257
26/should_reproduce.txt ADDED
@@ -0,0 +1,3 @@
 
 
 
 
1
+ version https://git-lfs.github.com/spec/v1
2
+ oid sha256:1748f3ae4950ae2a45cbba8654bc943c64969988aa61211abb9d5fd4df0ba76f
3
+ size 24