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Influence of the Probability Level on the Framing Effect

Kaja Damnjanovic ; Faculty of Philosophy - University of Belgrade, Laboratory of Experimental Psychology, Republic of Serbia
Vasilije Gvozdenovic ; Faculty of Philosophy - University of Belgrade, Department of Psychology, Republic of Serbia

Puni tekst: engleski, PDF (220 KB) str. 405-429 preuzimanja: 363* citiraj
APA 6th Edition
Damnjanovic, K. i Gvozdenovic, V. (2016). Influence of the Probability Level on the Framing Effect. Psihologijske teme, 25 (3), 405-429. Preuzeto s https://hrcak.srce.hr/169520
MLA 8th Edition
Damnjanovic, Kaja i Vasilije Gvozdenovic. "Influence of the Probability Level on the Framing Effect." Psihologijske teme, vol. 25, br. 3, 2016, str. 405-429. https://hrcak.srce.hr/169520. Citirano 19.09.2021.
Chicago 17th Edition
Damnjanovic, Kaja i Vasilije Gvozdenovic. "Influence of the Probability Level on the Framing Effect." Psihologijske teme 25, br. 3 (2016): 405-429. https://hrcak.srce.hr/169520
Harvard
Damnjanovic, K., i Gvozdenovic, V. (2016). 'Influence of the Probability Level on the Framing Effect', Psihologijske teme, 25(3), str. 405-429. Preuzeto s: https://hrcak.srce.hr/169520 (Datum pristupa: 19.09.2021.)
Vancouver
Damnjanovic K, Gvozdenovic V. Influence of the Probability Level on the Framing Effect. Psihologijske teme [Internet]. 2016 [pristupljeno 19.09.2021.];25(3):405-429. Dostupno na: https://hrcak.srce.hr/169520
IEEE
K. Damnjanovic i V. Gvozdenovic, "Influence of the Probability Level on the Framing Effect", Psihologijske teme, vol.25, br. 3, str. 405-429, 2016. [Online]. Dostupno na: https://hrcak.srce.hr/169520. [Citirano: 19.09.2021.]

Sažetak

Research of the framing effect of risky choice mostly applies to the tasks where the effect of only one probability or risk level on the choice of non-risky or risky options was examined. The conducted research was aimed to examine the framing effect in the function of probability level in the outcome of a risk option in three decision-making domains: health, money and human lives. It has been confirmed that the decision-making domain moderates the framing effect. In the monetary domain, the general risk aversion has been confirmed as registered in earlier research. At high probability levels, the framing effect is registered in both frames, while no framing effect is registered at lower probability levels. In the domain of decision-making about human lives, the framing effect is registered at medium high and medium low probability levels. In the domain of decision-making about health, the framing effect is registered almost in the entire probability range while this domain differs from the former two. The results show that the attitude to risk is not identical at different probability levels, that the dynamics of the attitude to risk influences the framing effect, and that the framing effect pattern is different in different decision-making domains. In other words, linguistic manipulation representing the frame in the tasks affects the change in the preference order only when the possibility of gain (expressed in probability) is estimated as sufficiently high.

Ključne riječi
framing effect; risky decision-making; outcome probability; decision-making domain

Hrčak ID: 169520

URI
https://hrcak.srce.hr/169520

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Posjeta: 969 *