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Accelerating Psychological Science With Metastudies: A Demonstration Using the Risky-Choice Framing Effect
Michael L DeKay1, Nataliya Rubinchik1, Zhaojun Li1
1Department of Psychology, The Ohio State University.
Summary
Metastudies efficiently examine effect generalizability by combining microstudies. Surprisingly, a framing effect doubled in size under specific risky conditions, challenging existing theories.
Area of Science:
- Psychology
- Behavioral Science
Background:
- Metastudies offer an efficient alternative to traditional replications and meta-analyses.
- They enhance generalizability and moderator effect analysis by synthesizing numerous microstudies.
Purpose of the Study:
- To introduce and define metastudies.
- To demonstrate metastudy methodology using the risky-choice framing effect.
- To assess the generalizability of the framing effect.
Main Methods:
- Conducted three metastudies with a total of 2,338 participants (N = 2,338).
- Examined the risky-choice framing effect across various potential moderators.
- Compared findings with predictions from prospect theory and fuzzy-trace theory.
Main Results:
- The framing effect demonstrated broad generalizability across most tested moderators.
- A surprising finding revealed the effect was twice as large when a certain option was replaced by a slightly risky one.
- This result contradicted predictions from prospect theory and fuzzy-trace theory.
Conclusions:
- Metastudies provide a rapid and effective method for assessing effect generalizability.
- The study encourages the adoption of metastudies over traditional designs in individual labs and networks.
- Findings challenge existing theories regarding risky-choice framing effects.
Keywords:
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