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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 (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.
, 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
URN: urn:nbn:se:kth:diva-42196ISI: 000239912700112ScopusID: 2-s2.0-33847216217ISBN: 0-7695-2504-0ISBN: 978-076952504-4OAI: diva2:446859
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

QC 20111010

Available from: 2011-10-10 Created: 2011-10-06 Last updated: 2014-12-16Bibliographically approved

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