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Framing-induced emotions affect performance in simple cognitive tasks under risk

Author

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  • Joanna Rachubik

    (University of Warsaw, Faculty of Economic Sciences)

Abstract

In this study, we investigated how performance in a number of puzzles (decisions under risk) depended on the framing. The puzzles, drawn and adapted from existing literature, were designed to expose well-established cognitive biases could lead respondents to select intuitive yet incorrect answer. Subjects were randomly assigned to one of three treatments: a third of the sample saw puzzles framed in terms of COVID-19, another third about a common cold, and the remaining group about unemployment. Across five continents, we collected over 8,000 observations. We found that framing of the puzzles affected performance, prompting questions regarding the external validity of these puzzles. Treatments associated with more severe threats, such as COVID and Unemployment, elicited stronger (negative) emotions compared to the common cold. Moreover, these emotional reactions were also linked to performance, and their levels correlated negatively with the number of correctly solved puzzles.

Suggested Citation

  • Joanna Rachubik, 2023. "Framing-induced emotions affect performance in simple cognitive tasks under risk," Working Papers 2023-22, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2023-22
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    File URL: https://www.wne.uw.edu.pl/download_file/3158/0
    File Function: First version, 2023
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    More about this item

    Keywords

    decision-making under risk; framing; emotions; cognitive biases; cognitive tasks; COVID-19;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C99 - Mathematical and Quantitative Methods - - Design of Experiments - - - Other
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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