Academia.eduAcademia.edu

Framing effect

description1,420 papers
group193 followers
lightbulbAbout this topic
The framing effect is a cognitive bias in which individuals' decisions and judgments are influenced by the way information is presented, rather than just the information itself. This phenomenon highlights how different presentations of the same facts can lead to varying interpretations and choices.
lightbulbAbout this topic
The framing effect is a cognitive bias in which individuals' decisions and judgments are influenced by the way information is presented, rather than just the information itself. This phenomenon highlights how different presentations of the same facts can lead to varying interpretations and choices.
Decision-making literature has demonstrated that individuals' preferences are strongly affected by the way in which choices are presented. This cognitive bias, termed the framing effect, is influenced by the importance of the possible... more
In this paper I propose that the development of descriptive theories of choice in economics has been profoundly influenced by an arbitrary and seemly innocuous decision as to how to present risky choices to experimental subjects. This... more
Prospect theory suggests that people are risk-averse when facing gains, but risk-prone when facing losses, a pattern known as the framing effect. Although framing effects have been widely demonstrated, few studies have investigated... more
Is presenting a fiscal bonus as an income increase (a gain) the same as presenting it as a tax rebate (a loss reduction)? This paper aims to answer this question with two studies. Study 1 is a survey carried out in Italy to explore... more
We compare the impact of round and non-round numbers used in a communication message on consumers' evaluations and judgments towards the associated target entity. We find that the use of non-round numbers, in contrast to round numbers, in... more
Decision making is a critical issue for humans operating unmanned vehicles. However, it is well admitted that many cognitive biases affect human judgments, leading to suboptimal or irrational decisions. The framing effect is a typical... more
This paper investigates the effects of framing in intertemporal choice by elementary school children. Sutter, Yilmaz, and Oberauer (2015) recently demonstrated that intertemporal choice in children is malleable with respect to simple... more
This paper develops an integrated framework of risk management and strategic competitive advantage that incorporates behavioural and economic notions of risk. The resulting model argues for the importance of risk-taking to sustainable... more
A discount may be defined by the location in which, and frame by which, it is communicated. Discount framing, particularly the differences between cents-off and percentage-off discounts, has been widely studied. Discount location (e.g.,... more
The uses of Nudge Theory as devised by Thaler and Sunstein (2008) have so far been limited to the field of Behavioural Economics, and the implementation of policy change aligned to Government and the Law. The present study aims at... more
This article is devoted to explaining why decision makers choose salient equilibria or focal points in pure coordination games -games in which players have identical preferences over the set of possible outcomes. Focal points, even when... more
We present experimental evidence suggesting that human subjects dislike complexity in choice with uncertainty. Our results suggest that the probability of choosing a given alternative decreases with the relative complexity of that... more
Many individuals find it difficult to make decisions about long term saving e.g. towards retirement. Financial regulators are concerned that providers of financial services can 'cherry pick' past performance information and present this... more
The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full... more
The goal of this paper is the introduction of a cognitive approach to governance of the firm. There are a lot of relationships that tie the cognitive science to management and are founded on the role of the indiv idual in the process of... more
Using a simple one-shot bribery game, we find evidence of a negative externality effect and a framing effect. When the losses suffered by third parties due to a bribe being offered and accepted are high and the game is presented as a... more
In mixed price bundling, the consumer has the choice of buying the individual products separately, as part of a bundle with a discounted price, or not purchasing them at all. Framing effects refer to how the price of the bundle is... more
Suppose an observer views a distant object through a window in the far wall of a room or corridor--a visual scene consituting a vista. If the observer moves toward the window, then the distant object will shrink in apparent size and... more
Decades of research have established the ubiquity and importance of choice biases, such as the framing effect, yet why these seemingly irrational behaviors occur remains unknown. A prominent dual-system account maintains that alternate... more
The theoretical framework that underpins this research study is based on the Prospect Theory formulated by Kahneman and Tversky, and Thaler’s Mental Accounting Theory. The research aims to evaluate the consumers’ behavior when different... more
The article reports two studies applying time-discounting principles to career-related issues. The first study on 40 participants examined the influence of time delay on decisions between options for paying a student union fee or... more
As the fourth estate, the news media serve a normatively significant role in contemporary society. They are the conduits through which individuals learn of issues outside their immediate life space. In addition, they introduce information... more
Blinder. My colleagues never failed to provide both useful criticism and encouragement during the process, and, in particular, I would like to thank Danielle Jung, Devesh Tiwari, Saul Cunow, Matt Kearney, Cetta Mainwaring and the entire... more
According to prospect theory (A. Tversky & D. Kahneman, 1981), messages advocating a low-risk (i.e., easy, low-cost) behavior are most effective if they stress the benefits of adherence (gain framed), whereas messages advocating a risky... more
Message frames have been found to influence relevant issue attitudes by influencing the weight of issue considerations emphasized in the message. As such message frames often originate from advocacy interest groups, this study... more
Framing plays an important role in public policy. Interest groups strategically highlight some aspects of a policy proposal while downplaying others in order to steer the policy debate in a favorable direction. Despite the importance of... more
The purpose of this research is to investigate attribute framing effects in an information complex environment where consumers view the frame via a realistic product package and experience a taste test. The framed attribute (content of... more
This research demonstrates that people's goals associated with regulatory focus moderate the effect of message framing on persuasion. The results of 6 experiments show that appeals presented in gain frames are more persuasive when the... more
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations... more
Mixed findings have emerged in message framing studies, even when such studies employ the same general type of framing, such as goal framing. This article attempts to show that by extending the heuristic-systematic model-based explanation... more
Accentuate the positive or accentuate the negative? The literature has been mixed as to how the alternative framing of information in positive or negative terms affects judgments and decisions. We argue that this is because different... more
Standardization is a cornerstone of any serious psychological test. It is fundamental to a test's objectivity and reduces subjectivity to a minimum. In this article we demonstrate that standardization alone is a necessary but insufficient... more
Research and theory are reviewed which consider two decision biases: escalation of commitment and decision framing. Some authors (Bazerman, 1986; Whyte, 1986) have suggested that escalation of commitment may be explained by the decision... more
We design experiments to jointly elicit risk and time preferences for the adult Danish population. The experimental procedures build on laboratory experiments that have been evaluated using traditional subject pools. The field experiments... more
Under various fields of research, framing is a concept beautifully constructed by the diverse set of theories and notions. Framing is all about how an individual, a group, an organization or the society communicates and perceives a... more
In order to carry out urban regeneration and redevelopment projects so that physical spaces can be regenerated to keep pace with urbanization factors as well as to offer and maintain better livability conditions for the residents, the... more
Though the long-term value of price discounting is questionable, it remains a common marketing practice. When price discounts are implemented there are different ways in which the same discount can be expressed, or 'framed', and this may... more
We examine the properties of a popular method for eliciting choices and values from experimental subjects, the multiple price list format. The main advantage of this format is that it is relatively transparent to subjects and provides... more
is a Ph.D. candidate in the School of Journalism and Mass Communication at the University of Wisconsin-Madison. Her research examines how communication technologies shape the ways citizens engage with political messages in a polarized... more
In addition to probabilities of monetary gains and losses, personality traits, socio-economic factors, and specific contexts such as emotions and framing influence financial risk taking. Here, we investigated the effects of joyful,... more
First and foremost, I would like to express my heartfelt gratitude to my committee chair Professor Paul Kowert, for his support, encouragement and guidance during the writing of this dissertation. His inputs and guidance helped me develop... more
Smartphone users visit application marketplaces (or app stores) to search and install applications. However, these app stores are not free from privacy-invasive apps, which collect personal information without sufficient disclosure or... more
The aim of the present study is to analyse factors affecting worries, coping strategies and decisions of young drivers regarding the risk of sleep-related car crashes. Furthermore, the study also analyses whether framing the same... more
A meta-analysis of Asian-disease-like studies is presented to identify the factors which determine risk preference. First the confoundings between probability levels, payoffs, and framing conditions are clarified in a task analysis. Then... more
Download research papers for free!