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Framing the frame: How task goals determine the likelihood and direction of framing effects

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Author Info
Todd McElroy
John J. Seta
Abstract

We examined how the goal of a decision task influences the perceived positive, negative valence of the alternatives and thereby the likelihood and direction of framing effects. In Study 1 we manipulated the goal to increase, decrease or maintain the commodity in question and found that when the goal of the task was to increase the commodity, a framing effect consistent with those typically observed in the literature was found. When the goal was to decrease, a framing effect opposite to the typical findings was observed whereas when the goal was to maintain, no framing effect was found. When we examined the decisions of the entire population, we did not observe a framing effect. In Study 2, we provided participants with a similar decision task except in this situation the goal was ambiguous, allowing us to observe participants' self-imposed goals and how they influenced choice preferences. The findings from Study 2 demonstrated individual variability in imposed goal and provided a conceptual replication of Study 1. %need keywords

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Publisher Info
Article provided by Society for Judgment and Decision Making in its journal Judgment and Decision Making.

Volume (Year): 2 (2007)
Issue (Month): (August)
Pages: 251-256
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Handle: RePEc:jdm:journl:v:2:y:2007:i::p:251-256

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Related research
Keywords: goals; framing; Prospect Theory.;

References listed on IDEAS
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  1. David H. Krantz & Howard C. Kunreuther, 2007. "Goals and plans in decision making," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 2, pages 137-168, June. [Downloadable!]
  2. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  3. Elliott, Catherine S. & Archibald, Robert B., 1989. "Subjective framing and attitudes towards risk," Journal of Economic Psychology, Elsevier, vol. 10(3), pages 321-328, November. [Downloadable!] (restricted)
  4. McCaffery, Edward J. & Baron, Jonathan, 2004. "Framing and taxation: Evaluation of tax policies involving household composition," Journal of Economic Psychology, Elsevier, vol. 25(6), pages 679-705, December. [Downloadable!] (restricted)
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This page was last updated on 2009-11-27.


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