Framing effects: dynamics and task domains

Article Abstract:

Decision-makers' risk preferences are unaffected by how choices are framed or described. Framing only regulates the risk attitude when risk preferences are ambiguous or vague or when the decision-makers are indifferent to the outcome of the choice made. Risk attitude itself is determined by the task, whether it is a life-death choice; by the content or value; and the context or situation. Decision-makers are also more prone to be risk averse when the chances for gain are high and those for loss are low, and risk seeking when chances for gain are low and for those loss are high.

Asset & Risk Management NEC, Social aspects, Risk assessment, Risk management, Choice (Psychology), Risk-taking (Psychology), Risk taking

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Communication of confidence as a determinant of group judgment accuracy

Article Abstract:

The ability of a group to communicate confidence to each of its members and the ability of each member to weigh his personal judgments against that of the collective judgment can lead to better group decisions. Experiments to test these conclusions on a group involved in a laboratory financial market showed that groups that were able to communicate confidence in their interaction were able to gather positive results in terms of their financial rewards.

Group Dynamics, Human resource management, Interpersonal relations, Confidence, Social groups

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Incomplete information, inferences, and individual differences: the case of environmental judgments

Article Abstract:

Issues concerning the impact of studies on environmental judgments are discussed, including their influence on societal conflicts.

United States, Environmental psychology

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