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Meta-analysis examining the relationship between framing effect and risky decisions

Author

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  • Ding, Xiaoqian
  • Li, Menghan
  • Qiao, Junyi

Abstract

This study employed a meta-analysis to investigate the relationship between the framing effect and risky decisions. A systematic searched was conducted for relevant literature published in 12 electronic databases: Google Scholar, ProQuest Dissertations, Springer, Web of Science, PubMed, EBSCO, Elsevier SDOL, Chongqing VIP Information Co., WANFANG DATA, Chinese Selected Doctoral Dissertations and Master's Theses Full-Text Databases, and the China National Knowledge Infrastructure. A total of 40 relevant studies were identified, comprising a sample of 17,416 participants. The analysis employing the random-effects model revealed a statistically significant main effect of the framing effect on risky decisions (OR = 2.467). The moderator effect analysis revealed that problem domains and age served as moderating factors in the relationship between risky decisions and the framing effect, respectively. Culture, however, did not exert a moderating influence on the framing effect or risky decision-making. Specifically, individuals exhibited heightened susceptibility to the framing effect when making risky decisions in the problem domain of life-death, as compared to the problem domains of study and money. Adolescents, in contrast, were more vulnerable to the framing effect in making risky decisions than adulthood.

Suggested Citation

  • Ding, Xiaoqian & Li, Menghan & Qiao, Junyi, 2025. "Meta-analysis examining the relationship between framing effect and risky decisions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 116(C).
    • Handle: RePEc:eee:soceco:v:116:y:2025:i:c:s2214804325000187
    DOI: 10.1016/j.socec.2025.102351
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