A study on Framing Effects in Risk Elicitation

• Decision analysis tools are an effective way of structuring complex decision situations. However, their failure to incorporate reliable methods for elicitation is a shortcoming that needs to be dealt with. Since different elicitation methods have shown to yield different results, it is important to more thoroughly emphasize on aspects that can reduce biased results. The development of methods that explicitly recognize framing problems and aim to reduce these effects are needed. This study deals with framing problems within elicitation and how to reduce discrepancies between normative and descriptive behaviour in elicited risk data. The results indicate that the extra transitional state in one of the presentation formats, here referred to as Trade for, generated data that deviated more from normative rules when participants experienced gain prospects. On the other hand, for loss prospects the format more in line with normative rules depended on the presentation order of probabilities.

Ämnesord

NATURVETENSKAP  -- Data- och informationsvetenskap -- Systemvetenskap, informationssystem och informatik (hsv//swe)

NATURAL SCIENCES  -- Computer and Information Sciences -- Information Systems (hsv//eng)

NATURVETENSKAP  -- Data- och informationsvetenskap (hsv//swe)

NATURAL SCIENCES  -- Computer and Information Sciences (hsv//eng)

Nyckelord

Risk elicitation

Computer and systems science

Data- och systemvetenskap

Computer and Systems Sciences

Publikations- och innehållstyp

ref (ämneskategori)

kon (ämneskategori)