The framing effect and risky decisions: Examining cognitive functions with fMRI
Article Abstract:
The "framing effect," is observed when the description of options in terms of gains or positive frame rather than losses or negative frames eliciting different choices. A paper using the cognitive information-processing principles to explain the framing effect is presented. Using the functional magnetic resonance imaging (MRI) an evaluation of the individuals who were asked to choose between one certain alternative and one risky alternative in response to problems framed as gains or losses is analyzed. The results indicate that the cognitive effort required to choose a sure gain was lower than one required to choose a risky gain. Other results are also discussed.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2005
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Individual investors' reactions to decimalization: innovation diffusion in financial markets
Article Abstract:
The theory of diffusion of innovation though has received extensive research attention; many researchers have considered major innovations that are disruptive to behavior of potential adopters. A study to examine this issue by considering the impact that five key attributed have on adopter's reaction to the innovation of a frequently purchased service, financial equities or stocks of publicly traded companies is presented.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2005
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Share and share alike? Gender - pairing, personality, and cognitive ability as determinants of giving
Article Abstract:
The experiment conducted on men and women to split $10 with a completely unknown person or a person of known gender using the dictator game has revealed that women share less with women than with men or unknown gender.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2004
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