Groups as imperfection decision makers - Cheng, P.-Y., & Chiou, W.-B. (2008). Framing effects in group investment decision making

3 important questions on Groups as imperfection decision makers - Cheng, P.-Y., & Chiou, W.-B. (2008). Framing effects in group investment decision making

Study Cheng & Chiou (2008).

scientific relevance: Only individual framing effects are studied. What is the influence of group polarization on framing effects?
social relevance: framing effects and group polarziation can influence the group decision processes; insight in this matter is needed.
RQ: to what extent do group polarization effects that often occurs in group decisions making strengthen framing effects?
Hypothesis:
gain situation: a preference to option A in comparison to group members' individual decisions.
loss situation: a preference to option B in comparison to group members'individual decisions.

What are the results? Cheng & Chiou (2008).

a cautious shift occured in the gain situation
a risky shift occured in the loss situation
group polarization occured in both gain and los situation.

Limitations, strenghts and weaknesses of this study Cheng & Chiou (2008).

limitations: students, written scenarios, domain specific.
strenghts:
group polarzisation study, replicable
weaknesses
seven days memory effect? is this enough to forgot the pretest?

measuring scale? the scale is not specified at the beginning of the experiment.

operationalization and manipulation framing. they know that the did not loss their investment in the gain situation. this situation can not be framed.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo