NDLI: Does ambiguity aversion influence the framing effect during decision making?

Content Provider	Springer Nature Link
Author	Osmont, Anaïs Cassotti, Mathieu Agogué, Marine Houdé, Olivier Moutier, Sylvain
Copyright Year	2014
Abstract	Decision-makers present a systematic tendency to avoid ambiguous options for which the level of risk is unknown. This ambiguity aversion is one of the most striking decision-making biases. Given that human choices strongly depend on the options’ presentation, the purpose of the present study was to examine whether ambiguity aversion influences the framing effect during decision making. We designed a new financial decision-making task involving the manipulation of both frame and uncertainty levels. Thirty-seven participants had to choose between a sure option and a gamble depicting either clear or ambiguous probabilities. The results revealed a clear preference for the sure option in the ambiguity condition regardless of frame. However, participants presented a framing effect in both the risk and ambiguity conditions. Indeed, the framing effect was bidirectional in the risk condition and unidirectional in the ambiguity condition given that it did not involve preference reversal but only a more extreme choice tendency.
Starting Page	572
Ending Page	577
Page Count	6
File Format	PDF
ISSN	10699384
Journal	Psychonomic Bulletin & Review
Volume Number	22
Issue Number	2
e-ISSN	15315320
Language	English
Publisher	Springer US
Publisher Date	2014-07-17
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Ambiguity aversion Framing effect Loss aversion Decision-making under ambiguity Decision-making under risk Cognitive Psychology
Content Type	Text
Resource Type	Article
Subject	Experimental and Cognitive Psychology Arts and Humanities Developmental and Educational Psychology

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Unpacking buyer-seller differences in valuation from experience: A cognitive modeling approach

Multialternative context effects obtained using an inference task

Risk is relative: Risk aversion yields cooperation rather than defection in cooperation-friendly environments

MDFT account of decision making under time pressure

Anticipation of cognitive demand during decision-making

Does unconscious thought improve complex decision making?

Decision making under conflict: Decision time as a measure of conflict strength

A transfer analysis of the repetition effect in the lexical and ambiguity decision tasks

The semantic side of decision making

Does ambiguity aversion influence the framing effect during decision making?

Similar Documents

Unpacking buyer-seller differences in valuation from experience: A cognitive modeling approach

Multialternative context effects obtained using an inference task

Risk is relative: Risk aversion yields cooperation rather than defection in cooperation-friendly environments

MDFT account of decision making under time pressure

Anticipation of cognitive demand during decision-making

Does unconscious thought improve complex decision making?

Decision making under conflict: Decision time as a measure of conflict strength

A transfer analysis of the repetition effect in the lexical and ambiguity decision tasks

The semantic side of decision making

Does ambiguity aversion influence the framing effect during decision making?