When Does Framing Influence Preferences, Risk Perceptions, and Risk Attitudes? The Explicated Valence Account
Dados Bibliográficos
| ID | 12166232 |
|---|---|
| Autores | Michael Tombu (0000-0002-6857-6669, DRDC, Toronto Research Centre Toronto ON Canada, autor correspondente), David R Mandel (0000-0003-1036-2286, DRDC, Toronto Research Centre Toronto ON Canada) |
| Ano | 2015 |
| Volume | 28 |
| Fascículo | 5 |
| Páginas | 464-476 |
| Data de publicação | 2015-03-12 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Journal of Behavioral Decision Making (JOURNAL) |
| Identificadores do periódico | ISSN: 0894-3257 • E-ISSN: 1099-0771 |
| Editora | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/bdm.1863 |
| OpenAlex | W1806059501 |
| Idioma | EN |
| Citações recebidas | 13 |
| Referências citadas | 44 |
When faced with an expected loss and a choice between a sure option and a risky option, the gain–loss framing of the problem has been shown to influence option preference. According to prospect theory, this framing effect is the result of contradictory attitudes about risks involving gains and losses. This article develops and tests an alternative explicated valence account (EVA), which proposes that preference reversals are caused by differences in the explicated outcome valences of the options under consideration. EVA can account for previous findings where framing effects are observed, eliminated, or even reversed. In two experiments, EVA successfully predicted when framing effects were observed, eliminated, and reversed. The findings also showed that although framing influenced risk perception, it did not influence risk attitudes. Copyright © 2015 Her Majesty the Queen in Right of Canada Journal of Behavioral Decision Making © 2015 John Wiley & Sons, Ltd
Economics · Framing (construction · Framing effect · Loss aversion · Microeconomics · Perception · Positive economics · Prospect theory · Risk perception · Risk-seeking · Valence (chemistry · Chemistry · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Engineering · Forecasting Techniques and Applications · Psychology · Social Psychology
Rationalising Framing Effects
Framing Effects and Fuzzy Traces
Accelerating Psychological Science With Metastudies
Risky-choice framing effects persist when option descriptions are matched and complete
Group decision-making on risky choice in adolescents and young adults
Two kinds of bias
Risk preferences in self–other decisions
Framing, Fairness, and Ambiguity in Plea Decisions and Other Risky Choices
Variation in Valence Intensity Within Frames
Mixed Frames and Risky Decision-Making
Description-dependent preferences
Are highly numerate individuals invulnerable to attribute framing bias? Comparing numerically and graphically represented attribute framing
Risky-choice framing and rational decision-making
All Frames Are Not Created Equal
Information leakage from logically equivalent frames
Rational Choice and the Framing of Decisions
The Influence of Framing on Risky Decisions
What a speaker’s choice of frame reveals
Mental Accounting and Consumer Choice
Perceived Risk Attitudes
Managerial Perspectives on Risk and Risk Taking
Predicting Risk Sensitivity in Humans and Lower Animals
Prospect Theory
The Framing of Decisions and the Psychology of Choice
Nature and Operation of Attitudes
Risk Perception and Affect
Risky choice framing
Axiomatic measures of perceived risk
Choice, Rating, and Ranking
Handbook of social psychology
Risk as feelings
| Obras citantes distintas | 13 |
|---|---|
| Citações por ano | 1,44 |
| Intervalo de citações | 2017 - 2026 (10) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 13 |