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What is the framing effect?What Is the Framing Effect? The Same Reality, Two Different Minds A physician presents two versions of the same medical treatment. In one version, the treatment is described as having a 90% survival rate. In the other, it is described as having a 10% mortality rate. The statistical information is identical. The outcome is identical. Yet people respond differently. More patients choose...0 Comentários 0 Compartilhamentos 311 Visualizações 0 Anterior
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Why do people fear losses more than gains?Why Do People Fear Losses More Than Gains? The Asymmetry That Shows Up Everywhere A person is offered a choice: Receive $100 for sure Or flip a coin: win $200 or win nothing Most people hesitate, then choose the sure $100. Now reverse the structure: Lose $100 for sure Or flip a coin: lose $200 or lose nothing Now many people take the gamble. Nothing in the...0 Comentários 0 Compartilhamentos 614 Visualizações 0 Anterior