Thesis
Affective and cognitive influences on framed dynamic decision-making
Washington State University
Master of Science (MS), Washington State University
2012
Handle:
https://hdl.handle.net/2376/102490
Abstract
Framing effects occur in a wide range of laboratory and natural decision contexts, and yet our understanding of the role of framing in risky decision making is limited in at least two important ways. First, little is known regarding the presence of framing effects in ambiguous risk situations. Second, the underlying processes involved in producing the framing effect are still not well understood. The present study introduces a dynamic framed gambling task (FGT) that pits sure gains and losses against good and bad gambles over time to investigate the presence of framing effects as choice contexts span the continuum from ambiguous to known risk. Additionally, knowledge probes and electrodermal recordings were used to assess the roles the cold and hot information as framed dynamic decisions are made. Framing effects were pervasive throughout the entire FGT including the early portions when risks were ambiguous. Knowledge probes indicated that individuals continued to make frame consistent choices even in situations where they knew their choices were likely to lead to bad outcomes. Additionally, probes and electrodermal recordings suggested that framing in the FGT is driven by how options are weighted during the decision making process.
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Details
- Title
- Affective and cognitive influences on framed dynamic decision-making
- Creators
- Peter J. Rosen
- Contributors
- Paul Whitney (Degree Supervisor)
- Awarding Institution
- Washington State University
- Academic Unit
- Psychology, Department of
- Theses and Dissertations
- Master of Science (MS), Washington State University
- Publisher
- Washington State University; [Pullman, Washington] :
- Identifiers
- 99900525089801842
- Language
- English
- Resource Type
- Thesis