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A study on framing effects in risk elicitation
KTH, School of Information and Communication Technology (ICT), Computer and Systems Sciences, DSV.
2005 (English)In: / [ed] Mohammadian, M, 2005, 689-694 p.Conference paper, Published paper (Refereed)
Abstract [en]

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.

Place, publisher, year, edition, pages
2005. 689-694 p.
Series
Proceedings - International Conference on Computational Intelligence for Modelling, Control and Automation, CIMCA 2005 and International Conference on Intelligent Agents, Web Technologies and Internet, Volume 1
National Category
Computer and Information Science
Identifiers
URN: urn:nbn:se:kth:diva-42196ISI: 000239912700112Scopus ID: 2-s2.0-33847216217ISBN: 0-7695-2504-0 (print)ISBN: 978-076952504-4 OAI: oai:DiVA.org:kth-42196DiVA: diva2:446859
Conference
International Conference on Computational Intelligence for Modelling, Control and Automation/International Conference on Intelligent Agents Web Technologies and International Commerce Location: Vienna, AUSTRIA Date: NOV 28-30, 2005
Note

QC 20111010

Available from: 2011-10-10 Created: 2011-10-06 Last updated: 2016-12-21Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf