Stakeholder inclusion in organizational decision making, and the resulting issue of value creation, is one of the thorny problems that stakeholder theory has sought to address. Yet progress has been slow, we suggest, because present accounting theory and practice does not address the decision-making needs of all stakeholders who are at risk due to the activities of organizations. In this paper ...

According to previous literature, trait anxiety is related to the tendency to choose safety options during risk decision-making, that is, risk avoidance. In our opinion, anxious people's risk preference might actually reflect their hypersensitivity to emotional information. To examine this hypothesis, a decision-making task that could elicit the framing effect was employed. The framing effect i...

This study examined the neural basis of framing effects using life-death decision problems framed either positively in terms of lives saved or negatively in terms of lives lost in large group and small group contexts. Using functional MRI we found differential brain activations to the verbal and social cues embedded in the choice problems. In large group contexts, framing effects were significa...

A “framing effect” is usually said to occur when equivalent descriptions of a decision problem lead to systematically different decisions. Framing has been a major topic of research in the psychology of judgment and decision making and is widely viewed as carrying significant implications for the “Rationality Debate” (e.g., Shafir and LeBoeuf 2002). Framing effects are commonly taken as evidenc...

Emotions can shape decision processes by altering valuation signals, risk perception, and strategic orientation. Although multiple theories posit a role for affective processes in mediating the influence of frames on decision making, empirical studies have yet to demonstrate that manipulated affect modulates framing phenomena. The present study asked whether induced affective states alter gambl...

The way choices are framed influences decision-making. These "framing effects" emerge through the integration of emotional responses into decision-making under uncertainty. It was previously reported that susceptibility to the framing effect was reduced in individuals with autism spectrum disorder (ASD) due to a reduced tendency to incorporate emotional information into the decision-making proc...

Developing suitable frameworks and paradigms (theoretical and practical) is a challenge for all disciplines in the face of rapid technological changes. Technological advances are fundamentally changing discourse in many well-established areas of research; from advances in understanding the brain, questioning the informed wisdom of sectors of the brain, through to impacts of social networks on s...

In 1983, Burt and Adelson introduced the Laplacian pyramid (LP) as a multiresolution representation for images. We study the LP using the frame theory, and this reveals that the usual reconstruction is suboptimal. We show that the LP with orthogonal filters is a tight frame, and thus, the optimal linear reconstruction using the dual frame operator has a simple structure that is symmetric with t...

We introduce a model of decision making under uncertainty which incorporates framing effects for how contingencies are described. The primitive is a family of preferences, indexed by partitions of the state space. Each partition corresponds to a description of the state space. We axiomatically characterize the following partition-dependent expected utility representation. The decision maker has...

Abstract With votes at 16 implemented for local and devolved assembly elections in Scotland Wales, the debate on issue continues amongst politicians England Northern Ireland. Testing arguments that are often made debate, we analyse two survey experiments show framing extending rights prompts higher support, whilst policy change depresses support. These effects hold when priming consistency of l...