The framing effect and skin conductance responses.
1Kiel Institute for the World Economy Kiel, Germany ; Institute of Psychology, Kiel University Kiel, Germany.
Emotional arousal, measured by integrated skin conductance responses (ISCRs), influences decision-making. Negative framing of riskier choices increases emotional reactions, impacting judgment and decision-making (JDM).
Area of Science:
- Psychology
- Neuroscience
- Behavioral Economics
Background:
- Judgment and decision-making (JDM) traditionally emphasizes cognitive processes.
- Emerging research highlights the significant role of emotional processes in JDM.
- Judgmental heuristics, often fast and intuitive, may also be influenced by emotions.
Purpose of the Study:
- To investigate the relationship between emotional arousal and framing effects in decision-making under uncertainty.
- To examine how emotional body reactions correlate with objective probabilities and framing.
- To explore the interplay between emotions and heuristics in choice situations.
Main Methods:
- Participants were exposed to varying probabilities of receiving an electric shock.
- Information about shock probabilities was presented using positive or negative frames.
- Integrated skin conductance responses (ISCRs) were measured as an indicator of emotional arousal.
Main Results:
- A significant relationship was found between ISCRs and the framing effect.
- Participants exhibited higher ISCRs when shock probabilities were negatively framed compared to positive frames.
- Emotional body reactions correlated with the framing of uncertainty.
Conclusions:
- Emotional processes, as indicated by ISCRs, are linked to framing effects in JDM.
- Negative framing of uncertain outcomes elicits stronger emotional responses.
- Further research is needed to clarify the causal direction between emotional processes and JDM.
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