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clear all
// Data management
if 1 {
use "data/dataExpB.dta"
gen fl_high = fl_score_compound == 1
gen discount_unframed = v_unframed/amount * 100
gen discount_framed = v_framed/amount_precise * 100
gen discount_framed_72 = v_framed/amount * 100
sort id delay
by id delay: egen min_discount_unframed = min(discount_unframed)
by id delay: egen max_discount_unframed = max(discount_unframed)
gen diff = discount_framed - discount_unframed
gen diff72 = discount_framed - discount_unframed
gen absDiff = abs(discount_framed - discount_unframed)
// generate treatment dummies
gen contNew = fined == 0 // Control
gen fullNew = fined == 1 // Full
gen sample = "new"
append using "data/dataExpA.dta"
gen sqDiff = abs(discount_framed^2 - discount_unframed^2) / 100
replace sample = "old" if sample == ""
replace absDiff = abs(discount_framed - discount_unframed)
replace Full = 0 if sample == "new"
replace Cont = 0 if sample == "new"
replace Rule72 = 0 if sample == "new"
replace Rhetoric = 0 if sample == "new"
replace fullNew = 0 if sample == "old"
replace contNew = 0 if sample == "old"
gen condition = .
replace condition = 0 if Control == 1
replace condition = 1 if contNew == 1
replace condition = 2 if Full == 1
replace condition = 3 if fullNew == 1
replace condition = 4 if Rule72 == 1
replace condition = 5 if Rhetoric == 1
la de condition 0 "C old" 1 "C new" 2 "Tr old" 3 "Tr new" 4 "Subst. only" 5 "Rhet. only"
la val condition condition
// attrition: 1 subject in Treatment, 1 subject in Control
su score_compounding if Full == 1
su score_compounding if Control == 1
reg score_compounding contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg discount_unframed contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg discount_framed contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg absDiff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg sqDiff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg diff contNew fullNew if sample == "new" & multi == 0, nocons cl(id)
reg absDiff fullNew if sample == "new" & multi == 0, cl(id)
reg sqDiff fullNew if sample == "new" & multi == 0, cl(id)
reg diff fullNew if sample == "new" & multi == 0, cl(id)
reg discount_framed fullNew if sample == "new" & multi == 0, cl(id)
reg discount_framed Full if sample == "old" & multi == 0 & (Full == 1 | Control == 1), cl(id)
reg absDiff Full if multi == 0 & (Full == 1 | fullNew == 1), cl(id)
reg absDiff if multi == 0 & Full == 1 , cl(id)
reg absDiff if multi == 0 & fullNew == 1 , cl(id)
// get individual-specific means
bysort id: egen vSimple = mean(discount_unfr)
bysort id: egen vComplex = mean(discount_framed)
gen dRaw = vComplex - vSimple
gen dAbs = abs(dRaw)
gen dSq = dAbs^2
replace id = 10000 + id if sample == "old"
replace id = 20000 + id if sample == "new"
cap drop tag
egen tag = tag(id)
cap drop r72report
gen r72report = rule72 == 1
cap drop r72invReport
gen r72invReport = rule72_inv == 1
// keep single-switchers only
keep if multi == 0
bysort id: egen meanVsimple36_i = mean(discount_unframed) if delay == 36
bysort id: egen meanVsimple72_i = mean(discount_unframed) if delay == 72
bysort id: egen meanVsimple36 = mean(meanVsimple36_i)
bysort id: egen meanVsimple72 = mean(meanVsimple72_i)
replace meanVsimple36 = meanVsimple36 / 100
replace meanVsimple72 = meanVsimple72 / 100
gen delta = meanVsimple72 / meanVsimple36
gen beta = meanVsimple36^2 / meanVsimple72
gen meanVsimple = 100 * (meanVsimple36 + meanVsimple72)/2
bysort id: egen meanVsimple36first_i = mean(discount_unframed) if delay == 36 & treatment <= 5
bysort id: egen meanVsimple72first_i = mean(discount_unframed) if delay == 72 & treatment <= 5
bysort id: egen meanVsimple36first = mean(meanVsimple36first_i)
bysort id: egen meanVsimple72first = mean(meanVsimple72first_i)
replace meanVsimple36first = meanVsimple36first / 100
replace meanVsimple72first = meanVsimple72first / 100
gen deltaFirst = meanVsimple72first / meanVsimple36first
gen betaFirst = meanVsimple36first^2 / meanVsimple72first
bysort id: egen meanVsimple36second_i = mean(discount_unframed) if delay == 36 & treatment > 5
bysort id: egen meanVsimple72second_i = mean(discount_unframed) if delay == 72 & treatment > 5
bysort id: egen meanVsimple36second = mean(meanVsimple36second_i)
bysort id: egen meanVsimple72second = mean(meanVsimple72second_i)
replace meanVsimple36second = meanVsimple36second / 100
replace meanVsimple72second = meanVsimple72second / 100
gen deltaSecond = meanVsimple72second / meanVsimple36second
gen betaSecond = meanVsimple36second^2 / meanVsimple72second
bysort id: egen meanVcomplex36_i = mean(discount_framed) if delay == 36
bysort id: egen meanVcomplex72_i = mean(discount_framed) if delay == 72
bysort id: egen meanVcomplex36 = mean(meanVcomplex36_i)
bysort id: egen meanVcomplex72 = mean(meanVcomplex72_i)
replace meanVcomplex36 = meanVcomplex36 / 100
replace meanVcomplex72 = meanVcomplex72 / 100
gen meanVcomplex = 100 * (meanVcomplex36 + meanVcomplex72)/2
replace income = . if income < 0
replace income = 1000*income if sample == "old"
save "data/managedData.dta", replace
}
// Mentioned in main text
if 1 {
forvalues i = 1 / 5 {
noisily: tab finlit`i'
}
}
// Graphs
if 1 {
// CDF
if 1 {
local scale = 1.3
local aspect = 0.8
preserve
keep if sample == "old"
replace diff = 100 if diff>100
replace diff = -100 if diff < -100
distplot diff if fined <= 1, over(fined) ///
scheme(s2mono) ///
legend(order(1 "Control A" 2 "Treatment A") col(1) ring(0) pos(11)) ///
xtitle("Valuation difference (complex minus simple)") ///
ytitle("Cumulative probability") xlabel(-100(50)100) ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/cdfExpA.pdf", replace
restore
preserve
keep if sample == "new"
replace diff = -100 if diff < -100
replace diff = 100 if diff > 100
distplot diff , over(condition) ///
scheme(s2mono) ///
legend(order(1 "Control B" 2 "Treatment B") col(1) ring(0) pos(11)) ///
xtitle("Valuation difference (complex minus simple)") ///
ytitle("Cumulative probability") xlabel(-100(50)100) ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/cdfExpB.pdf", replace
restore
}
// CDFs with simple frame superimposed
if 1 {
bysort id delay: egen vSimple12_i = mean(discount_unframed) if amount == 12
bysort id delay: egen vSimple14_i = mean(discount_unframed) if amount == 14
bysort id delay: egen vSimple16_i = mean(discount_unframed) if amount == 16
bysort id delay: egen vSimple18_i = mean(discount_unframed) if amount == 18
bysort id delay: egen vSimple20_i = mean(discount_unframed) if amount == 20
bysort id delay: egen vSimple12 = mean(vSimple12_i)
bysort id delay: egen vSimple14 = mean(vSimple14_i)
bysort id delay: egen vSimple16 = mean(vSimple16_i)
bysort id delay: egen vSimple18 = mean(vSimple18_i)
bysort id delay: egen vSimple20 = mean(vSimple20_i)
gen simpleDiff = .
replace simpleDiff = discount_unframed - vSimple14 if amount == 12
replace simpleDiff = discount_unframed - vSimple16 if amount == 18
replace simpleDiff = discount_unframed - vSimple12 if amount == 14
replace simpleDiff = discount_unframed - vSimple18 if amount == 16
local scale = 1.1
local aspect = 0.8
preserve
keep if sample == "new"
keep if fined == 0
stack diff simpleDiff, into(depVar) clear
keep if depVar ~= .
save "data/temp.dta", replace
restore
preserve
keep if sample == "new"
keep if fined == 1
stack diff simpleDiff, into(depVar) clear
replace _stack = 5 if _stack == 1
append using "data/temp.dta"
replace _stack = 3 if _stack == 2
replace _stack = 2 if _stack == 5
keep if depVar ~= .
replace depVar = 100 if depVar>100
replace depVar = -100 if depVar < -100
distplot depVar, over(_stack) ///
scheme(s2mono) ///
legend(order(1 "Control B" 2 "Treatment B" 3 "Simple frame B") col(1) ring(0) pos(11)) ///
xtitle(" ") ///
ytitle(" ") xlabel(-100(50)100) ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/cdfBWithSimple.pdf", replace
restore
local scale = 1.1
local aspect = 0.8
preserve
keep if sample == "old"
keep if fined == 0
stack diff simpleDiff, into(depVar) clear
keep if depVar ~= .
save "data/temp.dta", replace
restore
preserve
keep if sample == "old"
keep if fined == 1
stack diff simpleDiff, into(depVar) clear
replace _stack = 5 if _stack == 1
append using "data/temp.dta"
replace _stack = 3 if _stack == 2
replace _stack = 2 if _stack == 5
keep if depVar ~= .
replace depVar = 100 if depVar>100
replace depVar = -100 if depVar < -100
distplot depVar, over(_stack) ///
scheme(s2mono) ///
legend(order(1 "Control A" 2 "Treatment A" 3 "Simple frame A") col(1) ring(0) pos(11)) ///
xtitle(" ") ///
ytitle(" ") xlabel(-100(50)100) ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/cdfAWithSimple.pdf", replace
restore
}
// Bar graphs
if 1 {
preserve
local var = "score_compounding"
local scale = 1.3
local aspect = 0.8
local lwidth = 0.2
keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
gen tr = .
replace tr = 1 if Control == 1
replace tr = 2 if Full == 1
replace tr = 3 if contNew == 1
replace tr = 4 if fullNew == 1
xi, noomit: reg `var' i.tr, nocons cl(id)
local s1 = _se[_Itr_1]
local s2 = _se[_Itr_2]
local s3 = _se[_Itr_3]
local s4 = _se[_Itr_4]
collapse `var', by(tr)
gen top = .
replace top = `var' + `s1'*1.96 if tr == 1
replace top = `var' + `s2'*1.96 if tr == 2
replace top = `var' + `s3'*1.96 if tr == 3
replace top = `var' + `s4'*1.96 if tr == 4
gen bottom = .
replace bottom = `var' - `s1'*1.96 if tr == 1
replace bottom = `var' - `s2'*1.96 if tr == 2
replace bottom = `var' - `s3'*1.96 if tr == 3
replace bottom = `var' - `s4'*1.96 if tr == 4
replace tr = tr + 0.5 if tr > 2
tw (bar `var' tr ///
, barwidth(0.8) color(gs13) lwidth(`lwidth') lcolor(black)) ///
(bar `var' tr if tr == 2 | tr > 4 ///
, barwidth(0.8) color(gs5) lwidth(`lwidth') lcolor(black)) ///
(rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
, ///
legend(order(1 "Control" 2 "Treatment") col(2) ring(0) pos(12)) ///
xtitle(" ") ytitle("Correct answers (out of 5)" " ") ///
ylabel(0(1)5) ///
xlabel(1.5 "Experiment A" 4 "Experiment B") ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect') ///
xscale(range(0.5 5))
graph export "graphs/figure1A.pdf", replace
restore
preserve
local var = "discount_framed"
local scale = 1.3
local aspect = 0.8
local lwidth = 0.2
keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
gen tr = .
replace tr = 1 if Control == 1
replace tr = 2 if Full == 1
replace tr = 3 if contNew == 1
replace tr = 4 if fullNew == 1
xi, noomit: reg `var' i.tr, nocons cl(id)
local s1 = _se[_Itr_1]
local s2 = _se[_Itr_2]
local s3 = _se[_Itr_3]
local s4 = _se[_Itr_4]
collapse `var', by(tr)
gen top = .
replace top = `var' + `s1'*1.96 if tr == 1
replace top = `var' + `s2'*1.96 if tr == 2
replace top = `var' + `s3'*1.96 if tr == 3
replace top = `var' + `s4'*1.96 if tr == 4
gen bottom = .
replace bottom = `var' - `s1'*1.96 if tr == 1
replace bottom = `var' - `s2'*1.96 if tr == 2
replace bottom = `var' - `s3'*1.96 if tr == 3
replace bottom = `var' - `s4'*1.96 if tr == 4
replace tr = tr + 0.5 if tr > 2
tw (bar `var' tr ///
, barwidth(0.8) color(gs13) lwidth(`lwidth') lcolor(black)) ///
(bar `var' tr if tr == 2 | tr > 4 ///
, barwidth(0.8) color(gs5) lwidth(`lwidth') lcolor(black)) ///
(rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
, ///
legend(order(1 "Control" 2 "Treatment") col(2) ring(0) pos(12)) ///
xtitle(" ") ytitle("WTP in cents for $1 in the future," "framed as interest-bearing investment" " ") ///
ylabel(0(20)100) ///
xscale(range(0.5 5)) ///
xlabel(1.5 "Experiment A" 4 "Experiment B") ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/figure1B.pdf", replace
restore
preserve
local var = "absDiff"
replace `var' = -`var'
local scale = 1.3
local aspect = 0.8
local lwidth = 0.2
local lwidth2 = 0.6
keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
gen tr = .
replace tr = 1 if Control == 1
replace tr = 2 if Full == 1
replace tr = 3 if contNew == 1
replace tr = 4 if fullNew == 1
xi, noomit: reg `var' i.tr, nocons cl(id)
local s1 = _se[_Itr_1]
local s2 = _se[_Itr_2]
local s3 = _se[_Itr_3]
local s4 = _se[_Itr_4]
collapse `var', by(tr)
gen top = .
replace top = `var' + `s1'*1.96 if tr == 1
replace top = `var' + `s2'*1.96 if tr == 2
replace top = `var' + `s3'*1.96 if tr == 3
replace top = `var' + `s4'*1.96 if tr == 4
gen bottom = .
replace bottom = `var' - `s1'*1.96 if tr == 1
replace bottom = `var' - `s2'*1.96 if tr == 2
replace bottom = `var' - `s3'*1.96 if tr == 3
replace bottom = `var' - `s4'*1.96 if tr == 4
keep if tr <= 2
local top -15
tw (line `var' tr ///
, lwidth(`lwidth2') lcolor(black)) ///
(rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
, ///
legend(off) ///
xtitle(" ") ytitle("Negative absolute value" "of valuation difference" " ") ///
ylabel(-30(5)`top') ///
xscale(range(0.5 2.5)) ///
xlabel(1 "Control" 2 "Treatment") ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/finCompLinesA.pdf", replace
restore
preserve
local var = "absDiff"
replace `var' = -`var'
local scale = 1.3
local aspect = 0.8
local lwidth = 0.2
local lwidth2 = 0.6
keep if Full == 1 | Control == 1 | fullNew == 1 | contNew == 1
gen tr = .
replace tr = 1 if Control == 1
replace tr = 2 if Full == 1
replace tr = 3 if contNew == 1
replace tr = 4 if fullNew == 1
xi, noomit: reg `var' i.tr, nocons cl(id)
local s1 = _se[_Itr_1]
local s2 = _se[_Itr_2]
local s3 = _se[_Itr_3]
local s4 = _se[_Itr_4]
collapse `var', by(tr)
gen top = .
replace top = `var' + `s1'*1.96 if tr == 1
replace top = `var' + `s2'*1.96 if tr == 2
replace top = `var' + `s3'*1.96 if tr == 3
replace top = `var' + `s4'*1.96 if tr == 4
gen bottom = .
replace bottom = `var' - `s1'*1.96 if tr == 1
replace bottom = `var' - `s2'*1.96 if tr == 2
replace bottom = `var' - `s3'*1.96 if tr == 3
replace bottom = `var' - `s4'*1.96 if tr == 4
keep if tr > 2
replace tr = tr - 2
local top -15
tw (line `var' tr ///
, lwidth(`lwidth2') lcolor(black)) ///
(rcap bottom top tr, lcolor(black) lwidth(`lwidth')) ///
, ///
legend(off) ///
xtitle(" ") ytitle("Negative absolute value" "of valuation difference" " ") ///
ylabel(-30(5)`top') ///
xscale(range(0.5 2.5)) ///
xlabel(1 "Control" 2 "Treatment") ///
bgcolor(white) graphregion(color(white)) ///
scale(*`scale') aspect(`aspect')
graph export "graphs/finCompLinesB.pdf", replace
restore
}
}
// Tables
if 1 {
// Table test scores
if 1 {
preserve
replace Full = fullNew if sample == "new"
reg score_compounding Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/testScores.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) replace
reg score_compounding Full if tag == 1 & (fullNew == 1 | contNew == 1) & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/testScores.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg score_indexing Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/testScores.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg score_indexing Full if tag == 1 & (fullNew == 1 | contNew == 1) & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/testScores.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
restore
}
// Table individual test questions
if 1 {
// Experiment A
reg t1 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsA.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3) replace
reg t2 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsA.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t3 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsA.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t4 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsA.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t5 Full Rule72 Rhetoric if sample == "old" & tag == 1, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsA.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
// Experiment B
preserve
replace Full = fullNew if sample == "new"
reg t1 Full if sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsB.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3) replace
reg t2 Full if sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsB.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t3 Full if sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsB.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t4 Full if sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsB.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg t5 Full if sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/indivTestQuestionsB.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table self-reports
if 1 {
preserve
replace Full = fullNew if sample == "new"
reg calculate Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) replace
reg calculate Full if sample == "new" & tag == 1 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg r72report Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg r72report Full if sample == "new" & tag == 1 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg r72invReport Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg r72invReport Full if sample == "new" & tag == 1 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg help_test Full if tag == 1 & (Full == 1 | Control == 1) & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
reg help_test Full if sample == "new" & tag == 1 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/selfReports.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3)
restore
}
// Table directional behavioral effects
if 1 {
preserve
replace Full = fullNew if sample == "new"
reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3) replace
reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" , cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" & delay == 72, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" & delay == 72, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed Full if (Full == 1 | Control == 1) & sample == "old" & delay == 36, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed Full if (fullNew == 1 | contNew == 1) & sample == "new" & delay == 36, cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/directionalBehaviorV2.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence
if 1 {
preserve
replace Full = fullNew if sample == "new"
cap gen negAbsDiff = -absDiff
replace Control = 1 if contNew == 1
reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg negAbsDiff Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg negAbsDiff Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg negAbsDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg negAbsDiff Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finComp.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence SQUARE measure
if 1 {
preserve
replace Full = fullNew if sample == "new"
cap gen negSqDiff = -sqDiff
replace Control = 1 if contNew == 1
reg negSqDiff Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg negSqDiff Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg negSqDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg negSqDiff Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg negSqDiff Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg negSqDiff Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence Correction for change in simply framed choices
if 1 {
cap drop correctionFactor
bysort id delay: egen correctionFactor = mean(discount_unframed)
replace correctionFactor = 1 / correctionFactor
cap drop finCompAvg
cap drop finCompCorr
gen finCompCorr = -correctionFactor * absDiff * 100
preserve
replace Full = fullNew if sample == "new"
replace Control = 1 if contNew == 1
cap gen negAbsDiff = -absDiff
reg finCompCorr Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg finCompCorr Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorr Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorr Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorr Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorr Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorr.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence Correction for change in simply framed choices ALT APPROX
if 1 {
// rho is the amount by which the simply framed valuation changes as we scale up the consequences
// Regress the (unnormalized) simply framed valuation on the amount, define rho as the slope factor
cap drop rhoAgg
gen rhoAgg = .
reg v_unframed amount if sample == "new" & Control == 0 & delay == 36
replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 36
reg v_unframed amount if sample == "new" & contNew == 1 & delay == 36
replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 36
reg v_unframed amount if sample == "old" & Control == 0 & delay == 36
replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 36
reg v_unframed amount if sample == "old" & Control == 1 & delay == 36
replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 36
reg v_unframed amount if sample == "new" & Control == 0 & delay == 72
replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 72
reg v_unframed amount if sample == "new" & contNew == 1 & delay == 72
replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 72
reg v_unframed amount if sample == "old" & Control == 0 & delay == 72
replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 72
reg v_unframed amount if sample == "old" & Control == 1 & delay == 72
replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 72
cap drop id2
egen id2 = group(id)
cap drop rho
gen rho = .
forvalues i = 1 / 803 {
reg v_unframed amount if id2 == `i'
replace rho = _b[amount] if id2 == `i'
}
cap drop correctionFactor
gen correctionFactor = 1 / rho
cap drop finCompAvg
cap drop finCompCorrAltApprox
gen finCompCorrAltApprox = -correctionFactor * absDiff
preserve
replace Full = fullNew if sample == "new"
replace Control = 1 if contNew == 1
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg finCompCorrAltApprox Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence Correction for change in simply framed choices SQUARE measure
if 1 {
cap drop correctionFactorSq
bysort id delay: egen correctionFactorSq = mean(discount_unframed)
replace correctionFactorSq = correctionFactorSq / 100
replace correctionFactorSq = 1 / correctionFactorSq^2
cap drop finCompAvg
cap drop finCompCorrSq
gen finCompCorrSq = -correctionFactorSq * sqDiff
preserve
replace Full = fullNew if sample == "new"
replace Control = 1 if contNew == 1
reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg finCompCorrSq Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrSq Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrSq Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrSq Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrSq.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Financial Competence Correction for change in simply framed choices SQUARE measure, ALT APPROX
if 1 {
// rho is the amount by which the simply framed valuation changes as we scale up the consequences
// Regress the (unnormalized) simply framed valuation on the amount, define rho as the slope factor
cap drop rhoAgg
gen rhoAgg = .
reg v_unframed amount if sample == "new" & Control == 0 & delay == 36
replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 36
reg v_unframed amount if sample == "new" & contNew == 1 & delay == 36
replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 36
reg v_unframed amount if sample == "old" & Control == 0 & delay == 36
replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 36
reg v_unframed amount if sample == "old" & Control == 1 & delay == 36
replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 36
reg v_unframed amount if sample == "new" & Control == 0 & delay == 72
replace rhoAgg = _b[amount] if sample == "new" & Control == 0 & delay == 72
reg v_unframed amount if sample == "new" & contNew == 1 & delay == 72
replace rhoAgg = _b[amount] if sample == "new" & contNew == 1 & delay == 72
reg v_unframed amount if sample == "old" & Control == 0 & delay == 72
replace rhoAgg = _b[amount] if sample == "old" & Control == 0 & delay == 72
reg v_unframed amount if sample == "old" & Control == 1 & delay == 72
replace rhoAgg = _b[amount] if sample == "old" & Control == 1 & delay == 72
cap drop id2
egen id2 = group(id)
cap drop rho
gen rho = .
forvalues i = 1 / 803 {
reg v_unframed amount if id2 == `i'
replace rho = _b[amount] if id2 == `i'
}
cap drop correctionFactor
gen correctionFactor = 1 / rhoAgg^2
cap drop finCompAvg
cap drop finCompCorrAltApprox
gen finCompCorrAltApprox = -correctionFactor * sqDiff
preserve
replace Full = fullNew if sample == "new"
replace Control = 1 if contNew == 1
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg finCompCorrAltApprox Control Full if sample == "new", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
noisily: di "Relative improvement:"
noisily: nlcom 1 - _b[Full]/_b[Control]
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full if sample == "new" & delay == 72, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full Rule72 Rhetoric if sample == "old" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg finCompCorrAltApprox Control Full if sample == "new" & delay == 36, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/finCompCorrSqAltApprox.tex", ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Simple frame
if 1 {
preserve
replace Full = fullNew if sample == "new"
cap gen negAbsDiff = -absDiff
reg discount_unframed Full if (Full == 1 | Control == 1) & delay == 72 & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/simpleFrame.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3) replace
reg discount_unframed Full if (Full == 1 | contNew == 1) & delay == 72 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/simpleFrame.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_unframed Full if (Full == 1 | Control == 1) & delay == 36 & sample == "old", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/simpleFrame.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_unframed Full if (Full == 1 | contNew == 1) & delay == 36 & sample == "new", cl(id)
local subj = e(N_clust)
lincom _b[_cons] + _b[Full]
local levelFull = r(estimate)
local seFull = r(se)
outreg2 using "tables/simpleFrame.tex", ///
addstat("subj", `subj', "levelFull",`levelFull', "seFull", `seFull') ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Analysis by Quartiles
if 1 {
preserve
gen qSimple1 = .
gen qSimple2 = .
gen qSimple3 = .
gen qSimple4 = .
foreach tr in Full fullN Control contN {
su meanVsimple if `tr' == 1, d
replace qSimple1 = meanVsimple < r(p25) if `tr' == 1
replace qSimple2 = meanVsimple < r(p50) & meanVsimple >= r(p25) if `tr' == 1
replace qSimple3 = meanVsimple < r(p75) & meanVsimple >= r(p50) if `tr' == 1
replace qSimple4 = meanVsimple >= r(p75) if `tr' == 1
}
replace Full = fullNew if sample == "new"
cap gen Full1 = qSimple1 * Full
cap gen Full2 = qSimple2 * Full
cap gen Full3 = qSimple3 * Full
cap gen Full4 = qSimple4 * Full
cap gen negAbsDiff = -absDiff
reg negAbsDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "old", nocons cl(id)
local subj = e(N_clust)
lincom qSimple1 + Full1
local levelFull1 = r(estimate)
local levelFull1se = r(se)
lincom qSimple2 + Full2
local levelFull2 = r(estimate)
local levelFull2se = r(se)
lincom qSimple3 + Full3
local levelFull3 = r(estimate)
local levelFull3se = r(se)
lincom qSimple4 + Full4
local levelFull4 = r(estimate)
local levelFull4se = r(se)
outreg2 using "tables/finCompAggregation.tex", ///
addstat( "subj", `subj', ///
"levelFull1", `levelFull1', ///
"levelFull1se", `levelFull1se', ///
"levelFull2", `levelFull2', ///
"levelFull2se", `levelFull2se', ///
"levelFull3", `levelFull3', ///
"levelFull3se", `levelFull3se', ///
"levelFull4", `levelFull4', ///
"levelFull4se", `levelFull4se' ) ///
tex(frag) ///
dec(3) adec(3) replace
reg negAbsDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "new", nocons cl(id)
local subj = e(N_clust)
lincom qSimple1 + Full1
local levelFull1 = r(estimate)
local levelFull1se = r(se)
lincom qSimple2 + Full2
local levelFull2 = r(estimate)
local levelFull2se = r(se)
lincom qSimple3 + Full3
local levelFull3 = r(estimate)
local levelFull3se = r(se)
lincom qSimple4 + Full4
local levelFull4 = r(estimate)
local levelFull4se = r(se)
outreg2 using "tables/finCompAggregation.tex", ///
addstat( "subj", `subj', ///
"levelFull1", `levelFull1', ///
"levelFull1se", `levelFull1se', ///
"levelFull2", `levelFull2', ///
"levelFull2se", `levelFull2se', ///
"levelFull3", `levelFull3', ///
"levelFull3se", `levelFull3se', ///
"levelFull4", `levelFull4', ///
"levelFull4se", `levelFull4se' ) ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table Analysis by Quartiles SQUARE measure
if 1 {
preserve
gen qSimple1 = .
gen qSimple2 = .
gen qSimple3 = .
gen qSimple4 = .
foreach tr in Full fullN Control contN {
su meanVsimple if `tr' == 1, d
replace qSimple1 = meanVsimple < r(p25) if `tr' == 1
replace qSimple2 = meanVsimple < r(p50) & meanVsimple >= r(p25) if `tr' == 1
replace qSimple3 = meanVsimple < r(p75) & meanVsimple >= r(p50) if `tr' == 1
replace qSimple4 = meanVsimple >= r(p75) if `tr' == 1
}
replace Full = fullNew if sample == "new"
cap gen Full1 = qSimple1 * Full
cap gen Full2 = qSimple2 * Full
cap gen Full3 = qSimple3 * Full
cap gen Full4 = qSimple4 * Full
cap gen negSqDiff = -sqDiff
reg negSqDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "old", nocons cl(id)
local subj = e(N_clust)
lincom qSimple1 + Full1
local levelFull1 = r(estimate)
local levelFull1se = r(se)
lincom qSimple2 + Full2
local levelFull2 = r(estimate)
local levelFull2se = r(se)
lincom qSimple3 + Full3
local levelFull3 = r(estimate)
local levelFull3se = r(se)
lincom qSimple4 + Full4
local levelFull4 = r(estimate)
local levelFull4se = r(se)
outreg2 using "tables/finCompAggregationSq.tex", ///
addstat( "subj", `subj', ///
"levelFull1", `levelFull1', ///
"levelFull1se", `levelFull1se', ///
"levelFull2", `levelFull2', ///
"levelFull2se", `levelFull2se', ///
"levelFull3", `levelFull3', ///
"levelFull3se", `levelFull3se', ///
"levelFull4", `levelFull4', ///
"levelFull4se", `levelFull4se' ) ///
tex(frag) ///
dec(3) adec(3) replace
reg negSqDiff Full1 Full2 Full3 Full4 qSimple1 qSimple2 qSimple3 qSimple4 if sample == "new", nocons cl(id)
local subj = e(N_clust)
lincom qSimple1 + Full1
local levelFull1 = r(estimate)
local levelFull1se = r(se)
lincom qSimple2 + Full2
local levelFull2 = r(estimate)
local levelFull2se = r(se)
lincom qSimple3 + Full3
local levelFull3 = r(estimate)
local levelFull3se = r(se)
lincom qSimple4 + Full4
local levelFull4 = r(estimate)
local levelFull4se = r(se)
outreg2 using "tables/finCompAggregationSq.tex", ///
addstat( "subj", `subj', ///
"levelFull1", `levelFull1', ///
"levelFull1se", `levelFull1se', ///
"levelFull2", `levelFull2', ///
"levelFull2se", `levelFull2se', ///
"levelFull3", `levelFull3', ///
"levelFull3se", `levelFull3se', ///
"levelFull4", `levelFull4', ///
"levelFull4se", `levelFull4se' ) ///
tex(frag) ///
dec(3) adec(3)
restore
}
// Table mechanisms
if 1 {
cap gen negAbsDiff = -absDiff
reg score_compounding Rule72 Rhetoric Full Control if tag == 1 & sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/mechanisms1.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3) replace
reg score_indexing Rule72 Rhetoric Full Control if tag == 1 & sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/mechanisms1.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed Rule72 Rhetoric Full Control if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/mechanisms1.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
reg discount_unframed Rule72 Rhetoric Full Control if sample == "old", nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
test Rule72 == Control
local pRule72 = r(p)
test Rhetoric == Control
local pRhetoric = r(p)
outreg2 using "tables/mechanisms1.tex", ///
addstat("subj", `subj', "pFull", `pFull', "pRule72", `pRule72', "pRhetoric", `pRhetoric') ///
tex(frag) ///
dec(3) adec(3)
}
// Table demographics
if 1 {
gen flAll3 = fl1 * fl2 * fl3
gen flAll5 = flAll3 * fl4 * fl5
postfile demo str16 var float Control Full Rule72 Rhetoric fullNew contNew pOld pNew using "data/demographics.dta", replace
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"
foreach var in `varlist' {
if ("`var'" == "age" | "`var'" == "income" ) {
qreg `var' fullNew if tag == 1 & sample == "new"
cap test fullNew == 0
local pNew = r(p)
local fullNew = _b[fullNew] + _b[_cons]
local contNew = _b[_cons]
qreg `var' Full Rule72 Rhetoric if tag == 1 & sample == "old"
cap test Full == Rule72 == Rhetoric == 0
local pOld = r(p)
local Full = _b[_cons] + _b[Full]
local Rule72 = _b[_cons] + _b[Rule72]
local Rhetoric = _b[_cons] + _b[Rhetoric]
post demo ("`var'") (_b[_cons]) (`Full') (`Rule72') (`Rhetoric') (`fullNew') (`contNew') (`pOld') (`pNew')
}
else {
reg `var' fullNew contNew if tag == 1 & sample == "new", nocons
cap test fullNew == contNew
local pNew = r(p)
local fullNew = _b[fullNew]
local contNew = _b[contNew]
reg `var' Control Full Rule72 Rhetoric if tag == 1 & sample == "old", nocons
cap test Control == Full == Rule72 == Rhetoric
local pOld = r(p)
post demo ("`var'") (_b[Control]) (_b[Full]) (_b[Rule72]) (_b[Rhetoric]) (`fullNew') (`contNew') (`pOld') (`pNew')
}
}
count if Control == 1 & tag == 1
local nCont = r(N)
count if Full == 1 & tag == 1
local nFull = r(N)
count if Rule72 == 1 & tag == 1
local nRule72 = r(N)
count if Rhetoric == 1 & tag == 1
local nRhetoric = r(N)
count if fullNew == 1 & tag == 1
local nfullNew = r(N)
count if contNew == 1 & tag == 1
local ncontNew = r(N)
post demo ("N") (`nCont') (`nFull') (`nRule72') (`nRhetoric') (`nfullNew') (`ncontNew') (.) (.)
postclose demo
preserve
clear
use "data/demographics.dta"
format %9.2f Full Control Rule72 Rhetoric fullNew contNew pOld pNew
order var Full Control Rule72 Rhetoric pOld fullNew contNew pNew
outsheet using "tables/demographicsNew.tex", delimiter("&") nonames replace
restore
}
// Table demographic controls
if 1 {
cap gen negAbsDiff = -absDiff
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"
local treatments = "fullN Full Control Rule72 Rhetoric"
reg score_compounding `treatments' `controls' if tag == 1, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3) replace
reg score_indexing `treatments' `controls' if tag == 1, nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_framed `treatments' `controls' , nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg discount_unframed `treatments' `controls' , nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
reg negAbsDiff `treatments' `controls' , nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
cap drop correctionFactor
bysort id delay: egen correctionFactor = mean(discount_unframed)
replace correctionFactor = 1 / correctionFactor
cap drop finCompAvg
cap drop finCompCorr
gen finCompCorr = -correctionFactor * absDiff * 100
reg finCompCorr `treatments' `controls' , nocons cl(id)
local subj = e(N_clust)
test Full == Control
local pFull = r(p)
outreg2 using "tables/demoControl.tex", ///
keep(`treatments') ///
addstat("subj", `subj', "pFull", `pFull') ///
tex(frag) ///
dec(3) adec(3)
}
}