2018
DOI: 10.1027/2151-2604/a000321
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A Meta-Analytic Re-Appraisal of the Framing Effect

Abstract: Abstract. We reevaluated and reanalyzed the data of Kühberger’s (1998) meta-analysis on framing effects in risky decision making by using p-curve. This method uses the distribution of only significant p-values to correct the effect size, thus taking publication bias into account. We found a corrected overall effect size of d = 0.52, which is considerably higher than the effect reported by Kühberger (d = 0.31). Similarly to the original analysis, most moderators proved to be effective, indicating that there is … Show more

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Cited by 77 publications
(59 citation statements)
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References 38 publications
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“…The percentages in parentheses represent the original findings (Tversky & Kahneman, 1981), illustrating the predominance of risk-avoidant choices under the gain frame and of risk-seeking choices under the loss frame. Although the effect in the original study was rather large (Cohen's d = 1.13, Klein et al, 2014), subsequent research showed that a medium effect size (Cohen's d in the range of 0.50 to 0.71) would be a more representative estimate for the ADP in particular (Klein et al, 2014;Steiger & Kühberger, 2018). While the framing effect has been established through many other problems as well (e.g., Bruine de Bruin et al, 2007), the ADP stands out as the classic paradigm which has received the most of researchers' attention.…”
Section: (78%)mentioning
confidence: 94%
“…The percentages in parentheses represent the original findings (Tversky & Kahneman, 1981), illustrating the predominance of risk-avoidant choices under the gain frame and of risk-seeking choices under the loss frame. Although the effect in the original study was rather large (Cohen's d = 1.13, Klein et al, 2014), subsequent research showed that a medium effect size (Cohen's d in the range of 0.50 to 0.71) would be a more representative estimate for the ADP in particular (Klein et al, 2014;Steiger & Kühberger, 2018). While the framing effect has been established through many other problems as well (e.g., Bruine de Bruin et al, 2007), the ADP stands out as the classic paradigm which has received the most of researchers' attention.…”
Section: (78%)mentioning
confidence: 94%
“…Countless studies have emphasized the framing effect in the decision-making field, testifying to its robustness in this field (Kühberger et al, 1999;Steiger & Kühberger, 2018).…”
Section: Discussionmentioning
confidence: 99%
“…A common framing is to present outcomes of a decision as losses versus gains for the decision maker. The effect of this difference in the framing is that people show a higher tendency to choose risky options whenever decision outcomes are framed as losses rather than gains (reviewed by Steiger & Kühberger, 2018 ).…”
Section: Empirical Partmentioning
confidence: 99%