ArticlePsychonomic bulletin & review2026
Risky-choice framing effects persist when option descriptions are matched and complete: A replication and extension of DeKay and Dou (2024).
Article in Psychonomic bulletin & review, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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Abstract
People's choices involving money, health, and other matters can often be steered toward safer or riskier options by framing the options as gains or losses. This risky-choice framing effect is well established, but its direction and magnitude depend on whether the options are described completely or incompletely and whether the descriptions are matched or mismatched (in terms of good and bad outcomes) in the gain and loss frames. In a recent experiment involving 18 combinations of option descriptions (nine in each frame), DeKay and Dou, Psychological Science, 35(8), 918-932 (2024) found that the valence or gist of the descriptions accounted for substantial variation in risk preferences, favoring categorical theories of framing over more mathematical theories. However, a residual framing effect and a framing effect in choices between completely described options contradicted the categorical theories and previous results. The effect for completely described options was especially surprising, but it was based on data from only 97 participants. The experiment reported here replicated all these effects in a large sample (
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