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Why framing effects can be rational
1Department of Psychology, University of Salzburg, 5020 Salzburg, Austria anton.kuehberger@plus.ac.athttps://ccns.sbg.ac.at/people/kuehberger/.
Abstract:
When communication is not disinterested, seemingly inconsistent preferences are predictable from language pragmatics and information non-equivalence. In addition, the classic risky choice framing effect found in the Asian disease task - risk-aversion with gains and risk-seeking with losses - applies to gambles, but tends to be overgeneralized to non-gambling situations.
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