publication . Article . Other literature type . 1998

The Influence of Framing on Risky Decisions: A Meta-analysis

Kühberger, Anton;
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  • Published: 01 Jul 1998 Journal: Organizational Behavior and Human Decision Processes, volume 75, pages 23-55 (issn: 0749-5978, Copyright policy)
  • Publisher: Elsevier BV
Abstract
In framing studies, logically equivalent choice situations are differently described and the resulting preferences are studied. A meta-analysis of framing effects is presented for risky choice problems which are framed either as gains or as losses. This evaluates the finding that highlighting the positive aspects of formally identical problems does lead to risk aversion and that highlighting their equivalent negative aspects does lead to risk seeking. Based on a data pool of 136 empirical papers that reported framing experiments with nearly 30,000 participants, we calculated 230 effect sizes. Results show that the overall framing effect between conditions is of ...
Subjects
free text keywords: Applied Psychology, Organizational Behavior and Human Resource Management, Meta-analysis, Risk aversion, Framing (construction), Psychology, Variables, media_common.quotation_subject, media_common, Framing effect, Risk-seeking, Unit of analysis, Social psychology, Salience (language)
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