scholarly journals Correction to ‘Radical framing effects in the ultimatum game: the impact of explicit culturally transmitted frames on economic decision-making’

2018 ◽  
Vol 5 (2) ◽  
pp. 180120
Author(s):  
Aaron D. Lightner ◽  
Pat Barclay ◽  
Edward H. Hagen
Keyword(s):  
Decision Making ◽  
Ultimatum Game ◽  
Framing Effects ◽  
Economic Decision ◽  
Economic Decision Making ◽  
The Impact

scholarly journals Radical framing effects in the ultimatum game: the impact of explicit culturally transmitted frames on economic decision-making

2017 ◽  
Vol 4 (12) ◽  
pp. 170543 ◽  
Author(s):  
Aaron D. Lightner ◽  
Pat Barclay ◽  
Edward H. Hagen
Keyword(s):  
Decision Making ◽  
Ultimatum Game ◽  
Framing Effects ◽  
Substantial Effect ◽  
Effect Sizes ◽  
Economic Decision ◽  
Currency Exchange ◽  
Treatment Conditions ◽  
Economic Decision Making ◽  
The Impact

Many studies have documented framing effects in economic games. These studies, however, have tended to use minimal framing cues (e.g. a single sentence labelling the frame), and the frames did not involve unambiguous offer expectations. Results often did not differ substantially from those in the unframed games. Here we test the hypothesis that, in contrast to the modal offer in the unframed ultimatum game (UG) (e.g. 60% to the proposer and 40% to the responder), offers in a UG explicitly framed either as a currency exchange or a windfall will closely conform to expectations for the frame and diverge substantially from the modal offer. Participants recruited from MTurk were randomized into one of two conditions. In the control condition, participants played a standard UG. In the treatment conditions, players were provided a vignette explicitly describing the frame with their roles: some were customers and bankers in a currency exchange, and others were in a windfall scenario. We predicted (i) that modal offers in the currency exchange would involve an asymmetric split where greater than 80% went to customers and less than 20% went to bankers, and (ii) that variation in windfall offers would converge onto a 50–50 split with significantly less variation than the control condition. Our first prediction was confirmed with substantial effect sizes ( d  = 1.09 and d  = −2.04), whereas we found no evidence for our second prediction. The first result provides further evidence that it is difficult to draw firm conclusions about economic decision-making from decontextualized games.

scholarly journals Activists as “alternative” science communicators — Exploring the facets of science communication in societal contexts

2020 ◽  
Vol 19 (06) ◽  
pp. C01
Author(s):  
Birte Faehnrich ◽  
Michelle Riedlinger ◽  
Emma Weitkamp
Keyword(s):  
Decision Making ◽  
Social Movements ◽  
Science Communication ◽  
Democratic Legitimacy ◽  
Economic Decision ◽  
Economic Decision Making ◽  
Starting Point ◽  
Critical Attention ◽  
Understanding Of Science ◽  
The Impact

For many decades, NGOs and social movements have acted as “alternative” science communicators. They have made strategic use of science to promote their ideological stances, to influence political and/or economic decision-making and to motivate civic action. To date, however, our understanding of science communication in activism has received little critical attention. This set of commentaries acts as a starting point for further research and reflection. The different cases and perspectives urge readers to consider the impact, democratic legitimacy, and relevance of alternative science communication, and the challenges that alternative science communicators pose for science communication and society.

Implications of Economic Decision Making to the Project Manager

2021 ◽  
Vol 4 (1) ◽  
pp. 19-32
Author(s):  
Brian J. Galli
Keyword(s):  
Decision Making ◽  
Literature Review ◽  
Project Manager ◽  
Financial Return ◽  
Economic Decision ◽  
Economic Decisions ◽  
Project Outcome ◽  
Economic Decision Making ◽  
Internal Stakeholders ◽  
The Impact

This paper aims to identify and assess the impact of the project manager's economic decision on a project's outcome. Therefore, this paper focuses on whether a project will be economically and financially viable and will meet the interests of both external and internal stakeholders, especially the project manager's attention. Thus, the objective is to find in the decision-making process how economic decisions can provide and ensure an appropriate level of financial return rate to external and internal stakeholders, such as the project manager. The literature review approach was used to identify this economic decision-making implications on the project's outcomes. Studies show how projects' future is associated with decision making. However, a literature review has shown a shortage of research on the impact of only economic decisions on the project manager and project outcome. This study aims to fill that gap.

Hypnotic ingroup–outgroup suggestion influences economic decision-making in an Ultimatum Game

2012 ◽  
Vol 21 (2) ◽  
pp. 939-946 ◽  
Author(s):  
Martin Brüne ◽  
Cumhur Tas ◽  
Julia Wischniewski ◽  
Anna Welpinghus ◽  
Christine Heinisch ◽  
...  
Keyword(s):  
Decision Making ◽  
Ultimatum Game ◽  
Economic Decision ◽  
Economic Decision Making ◽  
Ingroup Outgroup

scholarly journals The Role of Cognitive and Emotional Perspective Taking in Economic Decision Making in the Ultimatum Game

PLoS ONE ◽  
2014 ◽  
Vol 9 (9) ◽  
pp. e108462 ◽  
Author(s):  
Haruto Takagishi ◽  
Michiko Koizumi ◽  
Takayuki Fujii ◽  
Joanna Schug ◽  
Shinya Kameshima ◽  
...  
Keyword(s):  
Decision Making ◽  
Perspective Taking ◽  
Ultimatum Game ◽  
Economic Decision ◽  
Economic Decision Making

scholarly journals RELATIVE CAPITALIST SYSTEMS AND FAIRNESS IN THE BALTICS: THE CASE OF LITHUANIA

Ekonomika ◽  
2013 ◽  
Vol 92 (4) ◽  
pp. 82-99 ◽  
Author(s):  
Maik Huettinger ◽  
Aras Zirgulis
Keyword(s):  
Decision Making ◽  
Behavioral Economics ◽  
Loss Aversion ◽  
Price Change ◽  
Framing Effects ◽  
Unique Form ◽  
Economic Decision ◽  
Economic Decision Making ◽  
The Baltic ◽  
Different Cultures

Abstract. This paper deals with the concept of fairness as it is applied to economic decision making in different cultures. The objective of the research is to determine whether the concept of fairness can be applied universally throughout all cultures by doing a study in Lithuania and comparing it to similar studies done in other countries. Lithuania was chosen because it belongs to the group of the Baltic advanced transition countries with their own unique form of capitalism. We find that Lithuanians are more apt to consider price or wage changes as fair as long as there is an underlying macroeconomic reasoning for the price change. These effects were found to hold true in spite of the framing effects of loss aversion found in previous studies.Key words: behavioral economics, fairness, capitalism, Baltics, Lithuania

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