Framing effects in justice perceptions: Prospect theory and counterfactuals

Framing effects in public goods: Prospect Theory and experimental evidence

This paper studies, both theoretically and experimentally, frame effects in the context of a public good game in which players have to make a costly contribution either i) to achieve or ii) not to lose a non excludable monetary prize. Our protocol leads to public good provision (not deterioration) only if a certain contribution level is achieved. Since both frames differ with respect to the ref...

Does perceived risk influence the effects of message framing? Revisiting the link between prospect theory and message framing.

Health-promoting messages can be framed in terms of the beneficial consequences of healthy behaviour (gain-framed messages) or the detrimental consequences of unhealthy behaviour (loss-framed messages). An influential notion holds that the perceived risk associated with the recommended behaviour determines the relative persuasiveness of gain- and loss-framed messages. This 'risk-framing hypothe...

Framing Effects in Theory and in Practice

Reactive Power Compensation Game under Prospect-Theoretic Framing Effects

Reactive power compensation is an important challenge in current and future smart power systems. However, in the context of reactive power compensation, most existing studies assume that customers can assess their compensation value, i.e., Var unit, objectively. In this paper, customers are assumed to make decisions that pertain to reactive power coordination. In consequence, the way in which t...

Loss Aversion, Framing, and Bargaining: The Implications of Prospect Theory for International Conflict

Prospect theory deviates from expected-utility theory by positing that how people frame a problem around a reference point has a critical influence on their choices and that people tend to overweight losses with respect to comparable gains, to be risk-averse with respect to gains and riskacceptant with respect to losses, and to respond to probabilities in a nonlinear manner. This study examines...