The Effect of Task Type and Outcome Framing on Risk Decision-Making

  • LIAO Yahui ,
  • HAN Mengfei
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  • 1. School of Sociology and Psychology, Central University of Finance and Economics, Beijing 100081;
    2. Aviation Psychology Research Office, Air Force Medical Center, Beijing 100142

Received date: 2021-03-14

  Online published: 2022-01-20

Abstract

This study investigated the influence of decision task types on risk preference under gain frame and loss frame in the context of money gambling and lifesaving domain respectively. A between-subjects design was conducted with 2 (task area: money gambling/lifesaving) ×2 (decision task type: experience/description) ×2 (result frame: gain/loss). By using the chi-square test and binary logistic regression analysis, we found that individuals showed more tendency to risk-seeking when they made decisions based on descriptive information under negative frame. On the contrary, no framing effects were found when individuals made decisions based on experience. In summary, the description-experience gap was consistent with money gambling and lifesaving domain.

Cite this article

LIAO Yahui , HAN Mengfei . The Effect of Task Type and Outcome Framing on Risk Decision-Making[J]. Studies of Psychology and Behavior, 2022 , 20(1) : 45 -51 . DOI: 10.12139/j.1672-0628.2022.01.007

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