{"pk":26504,"title":"The Description-ExperienceGap in Risky Choice Framing","subtitle":null,"abstract":"We examined whether the classical framing effect observedwith the Asian Disease problem could be reversed when peoplemake decisions from experience. Ninety-five universitystudents were randomly allocated to one of three conditions:Description, Sampling (where the participants were allowed tosample through the outcomes presented as a pack of cards) andInteractive (where the participants were invited to spread outall possible outcomes in a sample) and made three gain-framedchoices and three loss-framed choices, with two filler tasksafter the first three choices. The results revealed a significantinteraction effect between framing and choice condition. In theDescription choice condition, participants were more risk-seeking with loss-framed problems. This pattern was reversedin the Sampling choice condition where participants were morerisk-seeking with gain frames. Finally, the Interactive choicecondition resulted in a classic pattern of framing effect,whereby people were more risk averse in the domain of gains.","language":"eng","license":{"name":"","short_name":"","text":null,"url":""},"keywords":[{"word":"description-experience gap; risk-taking; framingeffect; Asian disease problem; interactivity; distributedcognition."}],"section":"Papers","is_remote":true,"remote_url":"https://escholarship.org/uc/item/84s8k2dp","frozenauthors":[{"first_name":"Gaëlle","middle_name":"","last_name":"Vallée-Tourangeau","name_suffix":"","institution":"Kingston University London","department":""},{"first_name":"Frédéric","middle_name":"","last_name":"Vallée-Tourangeau","name_suffix":"","institution":"Kingston University London","department":""},{"first_name":"Madhuri","middle_name":"","last_name":"Ramasubramanian","name_suffix":"","institution":"University of Madras","department":""}],"date_submitted":null,"date_accepted":null,"date_published":"2016-01-01T18:00:00Z","render_galley":null,"galleys":[{"label":"PDF","type":"pdf","path":"https://journalpub.escholarship.org/cognitivesciencesociety/article/26504/galley/16140/download/"}]}