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Who’s been framed? Framing effects are reduced in financial gambles made for others

BACKGROUND: Decisions made on behalf of other people are sometimes more rational than those made for oneself. In this study we used a monetary gambling task to ask if the framing effect in decision-making is reduced in surrogate decision-making. METHODS: Participants made a series of choices between...

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Autores principales: Ziegler, Fenja V, Tunney, Richard J
Formato: Online Artículo Texto
Lenguaje:English
Publicado: BioMed Central 2015
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4387662/
https://www.ncbi.nlm.nih.gov/pubmed/25870764
http://dx.doi.org/10.1186/s40359-015-0067-2
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author Ziegler, Fenja V
Tunney, Richard J
author_facet Ziegler, Fenja V
Tunney, Richard J
author_sort Ziegler, Fenja V
collection PubMed
description BACKGROUND: Decisions made on behalf of other people are sometimes more rational than those made for oneself. In this study we used a monetary gambling task to ask if the framing effect in decision-making is reduced in surrogate decision-making. METHODS: Participants made a series of choices between a predetermined sure option and a risky gambling option of winning a proportion of an initial stake. Trials were presented as either a gain or a loss relative to that initial stake. In half of the trials participants made choices to earn money for themselves and in the other half they earned money for another participant. Framing effects were measured as risk seeking in loss frames and risk aversion in gain frames. RESULTS: Significant framing effects were observed both in trials in which participants earned money for themselves and those in which they earned money for another person; however, these framing effects were significantly reduced when making decisions for another person. It appears that the reduced emotional involvement when the decision-maker is not affected by the outcome of the decision thus lessens the framing effect without eradicating it altogether. CONCLUSIONS: This suggests that the deviation from rational choices in decision-making can be significantly reduced when the emotional impact on the decision maker is lessened. These results are discussed in relation to Somatic Distortion Theory.
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spelling pubmed-43876622015-04-13 Who’s been framed? Framing effects are reduced in financial gambles made for others Ziegler, Fenja V Tunney, Richard J BMC Psychol Research Article BACKGROUND: Decisions made on behalf of other people are sometimes more rational than those made for oneself. In this study we used a monetary gambling task to ask if the framing effect in decision-making is reduced in surrogate decision-making. METHODS: Participants made a series of choices between a predetermined sure option and a risky gambling option of winning a proportion of an initial stake. Trials were presented as either a gain or a loss relative to that initial stake. In half of the trials participants made choices to earn money for themselves and in the other half they earned money for another participant. Framing effects were measured as risk seeking in loss frames and risk aversion in gain frames. RESULTS: Significant framing effects were observed both in trials in which participants earned money for themselves and those in which they earned money for another person; however, these framing effects were significantly reduced when making decisions for another person. It appears that the reduced emotional involvement when the decision-maker is not affected by the outcome of the decision thus lessens the framing effect without eradicating it altogether. CONCLUSIONS: This suggests that the deviation from rational choices in decision-making can be significantly reduced when the emotional impact on the decision maker is lessened. These results are discussed in relation to Somatic Distortion Theory. BioMed Central 2015-04-02 /pmc/articles/PMC4387662/ /pubmed/25870764 http://dx.doi.org/10.1186/s40359-015-0067-2 Text en © Ziegler and Tunney; licensee BioMed Central. 2015 This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited. The Creative Commons Public Domain Dedication waiver (http://creativecommons.org/publicdomain/zero/1.0/) applies to the data made available in this article, unless otherwise stated.
spellingShingle Research Article
Ziegler, Fenja V
Tunney, Richard J
Who’s been framed? Framing effects are reduced in financial gambles made for others
title Who’s been framed? Framing effects are reduced in financial gambles made for others
title_full Who’s been framed? Framing effects are reduced in financial gambles made for others
title_fullStr Who’s been framed? Framing effects are reduced in financial gambles made for others
title_full_unstemmed Who’s been framed? Framing effects are reduced in financial gambles made for others
title_short Who’s been framed? Framing effects are reduced in financial gambles made for others
title_sort who’s been framed? framing effects are reduced in financial gambles made for others
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4387662/
https://www.ncbi.nlm.nih.gov/pubmed/25870764
http://dx.doi.org/10.1186/s40359-015-0067-2
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