A note on negativity bias and framing response asymmetry
@article{Sonsino2011ANO, title={A note on negativity bias and framing response asymmetry}, author={Doron Sonsino}, journal={Theory and Decision}, year={2011}, volume={71}, pages={235-250} }
An “unprocessed risk” is a collection of simple lotteries with a reduction-rule that describes the actual-payoff to the decision-maker as a function of realized lottery outcomes. Experiments reveal that the willingness to pay for unprocessed risks is consistently biased toward the payoff-level in the unprocessed representation. The “anchoring-to-frame” bias in cases of positive framing is significantly weaker than in cases of negative framing suggesting that rational “negativity bias” may…
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