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) } }