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The Effects of Framing, Reflection, Probability, and Payoff on Risk Preference in Choice Tasks,

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  • Kuhberger, Anton
  • Schulte-Mecklenbeck, Michael
  • Perner, Josef

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  • Kuhberger, Anton & Schulte-Mecklenbeck, Michael & Perner, Josef, 1999. "The Effects of Framing, Reflection, Probability, and Payoff on Risk Preference in Choice Tasks, ," Organizational Behavior and Human Decision Processes, Elsevier, vol. 78(3), pages 204-231, June.
    • Handle: RePEc:eee:jobhdp:v:78:y:1999:i:3:p:204-231
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    2. Stephen D. Nightingale, 1987. "Risk Preference and Laboratory Use," Medical Decision Making, , vol. 7(3), pages 168-172, August.
    3. Wang, X. T., 1996. "Framing Effects: Dynamics and Task Domains," Organizational Behavior and Human Decision Processes, Elsevier, vol. 68(2), pages 145-157, November.
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    7. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    8. Paese, Paul W. & Bieser, Mary & Tubbs, Mark E., 1993. "Framing Effects and Choice Shifts in Group Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 56(1), pages 149-165, October.
    9. Wiseman, David B. & Levin, Irwin P., 1996. "Comparing Risky Decision Making Under Conditions of Real and Hypothetical Consequences," Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(3), pages 241-250, June.
    10. George Wu & Richard Gonzalez, 1996. "Curvature of the Probability Weighting Function," Management Science, INFORMS, vol. 42(12), pages 1676-1690, December.
    11. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    12. Frisch, Deborah, 1993. "Reasons for Framing Effects," Organizational Behavior and Human Decision Processes, Elsevier, vol. 54(3), pages 399-429, April.
    13. Cohen, Michele & Jaffray, Jean-Yves & Said, Tanios, 1987. "Experimental comparison of individual behavior under risk and under uncertainty for gains and for losses," Organizational Behavior and Human Decision Processes, Elsevier, vol. 39(1), pages 1-22, February.
    14. Sickar, Michael J. & Highhouse, Scott, 1998. "Looking Closer at the Effects of Framing on Risky Choice: An Item Response Theory Analysis," Organizational Behavior and Human Decision Processes, Elsevier, vol. 75(1), pages 75-91, July.
    15. Amos Tversky & Daniel Kahneman, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1039-1061.
    16. Bohm, Peter & Lind, Hans, 1992. "A note on the robustness of a classical framing result," Journal of Economic Psychology, Elsevier, vol. 13(2), pages 355-361, June.
    17. Harry Markowitz, 1952. "The Utility of Wealth," Journal of Political Economy, University of Chicago Press, vol. 60(2), pages 151-151.
    18. Richard H. Thaler & Eric J. Johnson, 1990. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice," Management Science, INFORMS, vol. 36(6), pages 643-660, June.
    19. Sieck, Winston & Yates, J. Frank, 1997. "Exposition Effects on Decision Making: Choice and Confidence in Choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 70(3), pages 207-219, June.
    20. Toland, Anne & O'Neill, Patrick, 1983. "A test of prospect theory," Journal of Economic Behavior & Organization, Elsevier, vol. 4(1), pages 53-56, March.
    21. Highhouse, Scott & Yuce, Payam, 1996. "Perspectives, Perceptions, and Risk-Taking Behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(2), pages 159-167, February.
    22. Kuhn, Kristine M., 1997. "Communicating Uncertainty: Framing Effects on Responses to Vague Probabilities," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(1), pages 55-83, July.
    23. Paese, Paul W., 1995. "Effects of Framing on Actual Time Allocation Decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 61(1), pages 67-76, January.
    24. Sullivan, Kathryn & Kida, Thomas, 1995. "The Effect of Multiple Reference Points and Prior Gains and Losses on Managers' Risky Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 64(1), pages 76-83, October.
    25. Ganzach, Yoav & Karsahi, Nili, 1995. "Message framing and buying behavior: A field experiment," Journal of Business Research, Elsevier, vol. 32(1), pages 11-17, January.
    26. Fagley, N. S. & Miller, Paul M., 1997. "Framing Effects and Arenas of Choice: Your Money or Your Life?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(3), pages 355-373, September.
    27. Camerer, Colin F & Ho, Teck-Hua, 1994. "Violations of the Betweenness Axiom and Nonlinearity in Probability," Journal of Risk and Uncertainty, Springer, vol. 8(2), pages 167-196, March.
    28. Shafir, Eldar B. & Osherson, Daniel N. & Smith, Edward E., 1993. "The Advantage Model: A Comparative Theory of Evaluation and Choice under Risk," Organizational Behavior and Human Decision Processes, Elsevier, vol. 55(3), pages 325-378, August.
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