2017
DOI: 10.1177/0091415017691284
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Role of Emotion and Cognition on Age Differences in the Framing Effect

Abstract: Framing effect studies indicate that individuals are risk averse for decisions framed as gains but risk-seeking for decisions framed as losses. Findings of age-related differences in susceptibility to framing are mixed. In the current study, we examined emotional arousal in two decision tasks (life saving vs. money gambling) to evaluate the effects of emotion on age differences in the framing effect. When cognitive abilities and styles were controlled, there was a framing effect in the younger group in the lif… Show more

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Cited by 16 publications
(12 citation statements)
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References 42 publications
(51 reference statements)
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“…Participants in our study had relatively high cognitive level (HMT, 8.6 ± 0.7). A decline in cognitive function can lead to deficiencies in decision-making ability 30) and subsequent ethical problems in both the clarity of the scale items and in obtaining informed consent. Laudisio et al 4) observed normal and higher cognitive function adequacy in individuals with HMT scores above 7, while Chen et al 31) reported that cognitive disorders negatively affected IADL performance.…”
Section: Discussionmentioning
confidence: 99%
“…Participants in our study had relatively high cognitive level (HMT, 8.6 ± 0.7). A decline in cognitive function can lead to deficiencies in decision-making ability 30) and subsequent ethical problems in both the clarity of the scale items and in obtaining informed consent. Laudisio et al 4) observed normal and higher cognitive function adequacy in individuals with HMT scores above 7, while Chen et al 31) reported that cognitive disorders negatively affected IADL performance.…”
Section: Discussionmentioning
confidence: 99%
“…Indeed, studies that show age to be a factor in predicting framing effects have qualified the results, suggesting age effects on decision-making are mediated by cognitive ability ( Mata et al, 2007 , 2011 ; Mata and Nunes, 2010 ; Thomas and Millar, 2011 ; Del Missier et al, 2012 ). To date, only a handful of researchers have empirically assessed the possible connections between cognitive abilities and age differences in decision-making as measured framing effects ( Finucane et al, 2005 ; Del Missier et al, 2010 ; De Bruin et al, 2012 ; Li et al, 2013 ; Pu et al, 2017 ).…”
Section: Introductionmentioning
confidence: 99%
“…Many studies have investigated the involvement of cognitive processes in the occurrence/suppression of framing effects (e.g., Perez et al, 2018; Pu et al, 2017; Simon et al, 2004; Whitney et al, 2008). Three experimental approaches have been used to investigate this question.…”
Section: Methodsmentioning
confidence: 99%