Multiple prospect framing and decision behavior: The mediational roles of perceived riskiness and perceived ambiguity

Multi-criteria Decision Support for Investment Decisions: Examining the Interactive Effects of Risk Profile, Information Horizon, and Prospect Format

“…Extending the information horizon does not appear to broaden decision framing further, as risk preferences remain similar for each risk profile. Considering the preponderance of evidence documenting information horizon effects [9,19,28,39], a non-significant main effect may, at first, seem peculiar. As a reminder, the experimental design did not include one-year information horizons, as aggregated and segregated prospect formats could not be empirically compared.…”

“…Whereas short-term information horizons present prospects as a single trial, long-term information horizons display the combined probabilities and payoffs over a series of repeated trials. Evidence demonstrates the superiority of long-term information horizons in facilitating broader decision frames [9,19,28,39]. Because riskier assets are less likely to produce an overall loss over extended time periods, broad framing alleviates loss aversion.…”

When Hosts Disclose Their Private Information on Accommodation Sharing Platforms: An Information Commercialization Perspective

“…Disclosing personal information online is risky for individuals because others may take the chance to conduct opportunistic behaviors (Malhotra et al 2004). Perceived riskiness and perceived ambiguity are a pair of psychological constructs that negatively influence decision-making behavior (Venkatraman et al 2006). Perceived riskiness means the threat of loss or harm while perceived ambiguity refers to the situations where the probability judgments an individual can bring to bear upon a particular problem are vague (Ellsberg 1961;Venkatraman et al 2006).…”

“…Perceived riskiness and perceived ambiguity are a pair of psychological constructs that negatively influence decision-making behavior (Venkatraman et al 2006). Perceived riskiness means the threat of loss or harm while perceived ambiguity refers to the situations where the probability judgments an individual can bring to bear upon a particular problem are vague (Ellsberg 1961;Venkatraman et al 2006). Being consistent with the prior literature (Venkatraman et al 2006), we define perceived riskiness in the accommodation sharing context as hosts' anticipatory appraisal of their potential loss of disclosing private information on the sharing platforms.…”

An Interdisciplinary Review of Research in Conjoint Analysis: Recent Developments and Directions for Future Research

“…The extent and the process in which the two systems interact [57] is a topic of debate. Both cognitive and affective mechanisms have been demonstrated to give rise to the discounting of future events such as in delayed versus immediate consumption [185,178]. These theories have implications for conjoint data collection for technology products or durable goods.…”