Risky Decision Making Across Three Arenas of Choice
Are Younger and Older Adults Differently Susceptible to Framing Effects
Bibliographic Data
| ID | 10123409 |
|---|---|
| Authors | Michael Rönnlund (0000-0001-5726-4101, Umeå University, corresponding author), Erik Karlsson (Umeå University), Erica Laggnäs (Umeå University), Lisa Larsson (0000-0002-2090-0423, Umeå University), Therese Lindström (0000-0003-0651-3299, Umeå University) |
| Year | 2005 |
| Volume | 132 |
| Issue | 1 |
| Pages | 81-93 |
| Publication date | 2005-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of General Psychology (JOURNAL) |
| Journal identifiers | ISSN: 0022-1309 • E-ISSN: 1940-0888 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.3200/genp.132.1.81-93 |
| PMID | 15685961 |
| OpenAlex | W2102945278 |
| Language | EN |
| Citations received | 13 |
| References cited | 22 |
In the present study, the authors investigated the effects of framing of options on risky decision making in groups of younger adults (M = 23.8 years, n = 192) and older adults (M = 69.1 years, n = 192). The participants were assigned to one of three scenarios varying in the goods at stake (human lives, paintings, money). The authors observed a majority preference in favor of the risky options after negative, but not positive framing. They also found, as they had predicted, that the type of framing effect varied across scenarios, with a bidirectional framing effect for the life-death scenario and unidirectional (risk averse) framing effects when public property (paintings) or personal property (money) were at stake. It is important to note that these choice preference patterns were highly similar across the age groups, which reinforced the conclusion that younger and older adults are equally susceptible to framing effects
Demographic economics · Economics · Framing (construction · Framing effect · Political science · Sociology · Behavioral Health and Interventions · Decision-Making and Behavioral Economics · History · Optimism, Hope, and Well-being · Psychology · Social Psychology
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Quando a forma importa
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Prospect Theory
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Deep thoughts and shallow frames
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| Citations per year | 0.68 |
|---|---|
| Citation span | 2007 - 2024 (18) |
| Highly cited | No |