• No results found

How far does it feel? Construal level and decisions under risk

N/A
N/A
Protected

Academic year: 2021

Share "How far does it feel? Construal level and decisions under risk"

Copied!
9
0
0

Loading.... (view fulltext now)

Full text

(1)

ContentslistsavailableatScienceDirect

Journal

of

Applied

Research

in

Memory

and

Cognition

j ou rn a l h o m epa g e : w w w . e l s e v i e r . c o m / l o c a t e / j a r m a c

Original

Article

How

far

does

it

feel?

Construal

level

and

decisions

under

risk

Martina

Raue

,

Bernhard

Streicher,

Eva

Lermer,

Dieter

Frey

DepartmentofPsychology,LudwigMaximilianUniversityMunich,Leopoldstr.13,80802Munich,Germany

a

r

t

i

c

l

e

i

n

f

o

Articlehistory:

Received1November2013 Accepted30September2014 Availableonline17October2014 Keywords: Construallevel Psychologicaldistance Risk Decisionmaking Framing Prospecttheory

a

b

s

t

r

a

c

t

Researchhasshownthatframingdecisionsasgainsorlossesdistortshumanjudgment.Humanjudgment isalsoassumedtobeinfluencedbytheactuallevelofconstrual.Whetherdecisionsareconstruedinamore detailedmanner(lowlevelconstrual)orinamoreabstractmanner(highlevelconstrual)candepend onperceivedpsychologicaldistance.Inthepresentstudies,weexaminedtheinfluenceofframingand psychologicaldistanceonrisktaking.Inthreestudieswithstudents(n=65),physicians(n=60),and hotelmanagers(n=39),wefoundevidencethatconstruallevelinfluencesriskseekingingainsituations, butnotinlosssituations.Furthermore,theframingeffectcouldbereplicatedinpsychologicallyclose situations,andwaseliminated(Studies1and2)orreversed(Study3)inpsychologicallydistantsituations. Ourfindingsilluminatetheinterplayofframingandconstruallevel,andpointsouttheirapplicabilityin organizationaldecisionmaking.

©2014SocietyforAppliedResearchinMemoryandCognition.PublishedbyElsevierInc.Thisisan openaccessarticleundertheCCBY-NC-NDlicense(http://creativecommons.org/ licenses/by-nc-nd/4.0/).

Whatinfluencesprofessionaldecision making?Accordingto

theoriesofboundedrationality(e.g.,Selten, 2001;Simon,1955,

1991),peopledonotalwayscarefullyanalyzedecisionproblems,

butoftenrelyonintuitionsandheuristicswhenmakingdecisions.

Basedonthisdifferentiation,severalresearchershaveproposed

twocognitivesystems:Whilesystem1isintuitive,fastand

auto-matic,system2isdeliberative,slowerandcontrollable(seeEvans,

2009foranoverview;Kahneman,2003;Stanovich&West,2000).

Researchsuggests thatrelying onintuitionsand applying rules

ofthumb(heuristics)canimprovedecisionmaking(Gigerenzer,

Todd, &The ABC Research Group, 1999), but can also lead to

certainbiasesthatdistortjudgments(e.g.,Tversky&Kahneman,

1974).

Inthisarticlewefocusontheheuristics-and-biases program

asTverskyandKahneman(1974)haveintroducedit.Conclusions

fromtheirresearchhavemadeitoutsideofscienceintopractical

decisionmakingandhaveledtoawarenessforatleastsomeof

thesebiases.Forexample,duetoanincreasingamountof

popu-larpressonthetopic,decisionmakersmightbeawareofthefact

thatunrelatedpiecesofinformation(anchors)caninfluence

sub-sequentdecisions,orthatintensivepresscoveragemakesevents

seemmorelikelythantheyreallyare(Kahneman,Lovallo,&Sibony,

2011;Tversky&Kahneman,1974).Mostdecisionmakersmight

∗ Correspondingauthor.Tel.:+4908921803570;fax:+4908921805238. E-mailaddresses:martina.raue@psy.lmu.de(M.Raue),streicher@psy.lmu.de

(B.Streicher),eva.lermer@psy.lmu.de(E.Lermer),dieter.frey@psy.lmu.de(D.Frey).

alsoknowthattheframingofdecisionsintermsofgainsandlosses

canleadtocontradictingdecisionsinobjectivelyidentical

prob-lems.Thisphenomenonhasbecomeknownastheframingeffect

(Tversky&Kahneman,1981).

Butdoesitalsomakeadifferencewhetheradecisionismadefor

oneself,aclosefriend,oranemployee?Willamanagertakemore

riskswhenhemakesadecisionforabranchinanothercountrythan

whenmakingthesamedecisionforabranchinhishomecountry?

Theinterplayofpsychologicaldistanceandrisktakingin

profes-sionalsettingsisnot oftenexplored.Therefore, weinvestigated

thesequestionsinthreestudiesthatilluminatehowpractitioners’

decisionsunderriskmightbedistorted.

DecisionsunderriskhavereceivedspecialattentionbySlovic

(2010)whoassumesthatriskperceptionisusuallyaccompanied

bysomeformofemotionoraffect.Theperceptionofrisksas

feel-ingsthusleadstoarelianceonintuitionandaneglectofobjective

probabilitieswhenjudgingrisks(e.g.,Slovic,2010;Slovic&Peters,

2006;Slovic&Västfjäll,2010).Thishas,forexample,been

demon-stratedforsimpleinvestmentchoices:Whilehealthypeoplelost

money,patientswholackedaffectduetoneurologicalimpairment

didnot(Shiv,Loewenstein,Bechara,Damasio,&Damasio,2007).

DeMartino(2006)pointsoutthataffectalsoinfluencestheframing

effect,andexperimentsusingmagneticresonanceimagingsuggest

thattheframingeffectisstrongeramongpeoplewhostronglyrely

ontheirintuitions(Kahneman&Frederick,2007).Basedonthese

findings,wearguethatrisktakingbehaviorisaformofintuitive

decisionmakingandinvestigatedhowitisaffectedbythelevelof

construal.

http://dx.doi.org/10.1016/j.jarmac.2014.09.005

2211-3681/©2014SocietyforAppliedResearchinMemoryandCognition.PublishedbyElsevierInc.ThisisanopenaccessarticleundertheCCBY-NC-NDlicense (http://creativecommons.org/licenses/by-nc-nd/4.0/).

(2)

1. Construallevelanddecisionmaking

Construalleveltheoryofpsychologicaldistanceisbasedonthe

assumptionthatonlythehereandnowcanbedirectlyexperienced;

thefuture,otherplacesandotherpeoplearebelievedtobe

repre-sentedina moreabstractwaysuchasimaginations,memories,

plansorhopes.Therefore,thetheorystatesthatobjects,eventsor

individualsarerepresentedaseithercloseordistant.Thereference

pointistherebytheselfinthehereandnow,fromwhichanobject

canmoveawayintermsoftime,space,socialdistanceor

hypothet-icality.Whilepsychologicaldistancehasbeenlinkedtoabstract,

highlevelconstrualslikebroadconceptsoftheobject,

psychologi-calclosenesshasbeenlinkedtoconcrete,lowlevelconstrualssuch

asdiscretefeaturesoftheobject(Trope&Liberman,2010).This

alsoworksviceversainthewaypeoplejudgeabstractobjectsto

bemoredistant(Bar-Anan,Liberman,&Trope,2006).

Empiricalstudiessupportthenotionthatpsychologicaldistance

isassociatedwithdecisionmakingbyactivatingacertainlevelof

construal(Trope&Liberman,2010;Trope,Liberman,&Wakslak,

2007).Forexample,participantswhowereaskedtogiveadviceto

anotherpersonconcerningajobofferthatwasperceivedasdistant,

gavemoreweighttoabstractattributes(e.g.,personalsatisfaction)

thanconcreteattributes(e.g.,salary;Kray,2000).AnotherStudy

demonstratedthatparticipantswerelesspronetothesunkcost

bias(continuingtoinvestin analready failingproject;Arkes &

Blumer,1985)whentheinvestingcompanywaslocatedina

dis-tantasopposedtoanearlocation(Wakslak&Liberman,2006).

Researchinconsumerbehaviorhasdemonstratedthatpeople

pre-fertowaitforaproductdeliveryandsavethefeewhentheproduct

isdescribedinamoreabstractmanner,asopposedtoaconcrete

manner(Malkoc,Zauberman,&Bettman,2010).

Especiallyimportantdecisions(e.g.,highstakedecisions)

usu-allyinvolvethinkingaboutconsequences,andarethussuggested

tobeinfluencedbytheactivatedlevelofconstrual(Kim,Schnall,

&White,2013).TropeandLiberman(2010)highlightthat

induc-ingaconcretemindset(lowlevelconstrual)shiftsthefocusonto

thefeasibilityofanaction(e.g.,probabilityofapositiveoutcome),

whileanabstractmindset(highlevelconstrual)shiftsthefocuson

itsdesirability(e.g.,attractivenessoftheoutcome).Forexample,

intime-dependentgamblingtasksparticipantspreferredgambles

withhighprobabilityinthenearfuture,butgambleswithahigh

outcomeinthedistantfuture.Asaconclusion, theauthors

pro-posethattemporaldistanceshouldleadtomoreriskseekingdue

toafocusonthedesirabilityofanoutcome(Sagristano,Trope,&

Liberman,2002).Gettingbacktotheframingeffect,Trautmannand VandeKuilen(2012)pointoutthatpeopleintuitivelyinterpret

prospectsinriskydecisionsaseitherdesirableorfeasible.The

inter-playofconstruallevelandriskseekinghasrecentlybeenfurther

investigatedinaseriesofstudiesthatexperimentallymanipulated

thelevelofconstrual bydifferentways ofpriming.Participants

whowereprimedwithahigh(versuslow)construallevelengaged

in more risk taking and judged risks as less probable (Lermer,

Streicher,Sachs,Raue,&Frey,2014a;Streicher,Lermer,Sachs,& Frey,2012).ThisisalsoinlinewithfindingsbyWakslakandTrope (2009),whodemonstrated thatparticipantsinahighlevel

con-strualmindsetmadelowerprobabilityjudgmentsinneutraltasks

thanparticipantsinalowlevelconstrualmindset.

Thecurrentstudiesaddtothesefindingsbyinvestigatingthe

influenceofpsychologicaldistanceinriskydecisiontasks,which

isbelievedtobetterreflectpracticaldecisionmakingthana

prim-ingofconstrual level.Furthermore,thecurrent studiesnotonly

takealookatgainsituations,butalsoatlosssituationsand

espe-ciallyfocusondecisionmakingofpractitioners.Ithasrepeatedly

beendemonstratedthatpeopleengageinmoreriskseeking

behav-iorwhenconfrontedwithpotentiallossesasopposedtopotential

gains.Thisbehaviorisknownaslossaversionandassumedtobe

grounded onpeople’s hopetoavoid theunpleasant experience

ofloss(Kahneman&Tversky,1979;Tversky&Kahneman,1992).

While we haveintroducedresearch thatinvestigated the

influ-enceof construal levelonrisk seekingin gainsituations, there

is a lack ofresearch lookingat theinfluenceof construal level

inlosssituations.Shelley(1991),forexample,exploredwhether

a time delayin lossesaffects risk seekingand could not draw

a clearpicture.A seriesof fieldexperiments onrisk

communi-cationdemonstratedthatpersuasivelossframedmessageswere

strongerwhenpairedwithconcretefeatures,whilegainframed

messageswerestrongerwhenpairedwithabstractfeatures(White,

MacDonnell,&Dahl,2011).Furthermore,lossframed messages

activatedamoreconcretemindset,whilegainframedmessages

activatedamoreabstractmindset.Inasimilarlineofresearch,the

impactofpersuasivegainframedmessageswasstrongerwhenthey

concernedsociallydistantasopposedtosociallyproximalentities

(Nan,2007).Interestingly,inthisexperiment,theimpactof

loss-framed messageswasnot influencedby psychologicaldistance.

Thesefindingscouldbeexplainedbythenotedassumptionthat

peoplefocusonthedesirabilityofanoutcomewheninanabstract

mindset(e.g.,attractivegain),andonitsfeasibilitywhenina

con-cretemindset(e.g.,chanceofavoidingloss).Therefore,weexpect

anoppositeeffectofpsychologicaldistanceinlosssituations

com-paredtogainsituations.Thisisfurthersupportedbyexperiments

connectingregulatoryfocustheory(Crowe&Higgins,1997)and

construalleveltheory:Participantsinaconcretemindsetpreferred

apreventionfocus(avoidingloss)overapromotionfocus(attaining

gains;Förster&Higgins,2005;seeBryant&Dunford,2008foran

overview).

Decision makers are constantly confronted with different

dimensions of psychological distance. Theirdecisions can have

immediate(time:proximal)orlong-termconsequences(time:

dis-tal);can concernthepeople aroundthem (space:proximal) or

peopleinanothercountry(space:distal);orcanaffectthemselves,

their company (social distance: proximal), or other companies

(social distance: distal). Numerous laboratoryand field

experi-mentshavealreadyshownthattherearediscrepanciesindecision

makingbasedonwhetherthedecisionismadeforoneselfversus

someoneelse(Garcia-Retamero&Galesic,2012;Hsee&Weber,

1997; Polman, 2012;Stone, Yates, &Caruthers,2002), for now

versus later (Malkoc, Zauberman, &Ulu, 2005; Pronin, Olivola,

&Kennedy, 2007; Sagristanoet al., 2002), or for hereversus a

distantlocation(Goodman&Malkoc,2012).Additionally,

empir-icalresearchhassuggestedthattheperceiveddistancecanalso

beinfluencedindirectly.Anexamplehighlyrelevantforthe

pro-fessionalcontextis politeness.Politenesscreatessocial distance

anddistance,inturn,causespeopletoactmorepolitely(Stephan,

Liberman,&Trope,2010).Themannerinwhichclearfactsare

pre-sentedcanalsoleadtoavariationinperceiveddistance.Targets

oreventspresentedinlargernumbersandsmallerunits,suchas

7days,wereshowntobeperceivedmoreconcreteandasmore

dangerousthansmallernumbersandlargerunits,suchas1week

(White&Kwan,2013).Therefore,manipulatingconstruallevelvia

psychologicaldistanceishighlyreflectingreallifesituations.

Psy-chologicaldistanceisthusassumedtodirectlyinfluencethelevel

ofconstrualand,inturn,guidejudgmentanddecisionmaking(

Bar-Ananetal.,2006;Fujita,Henderson,Eng,Trope,&Liberman,2006;

Tropeetal.,2007).

Inthepresentresearch,weinvestigatedtheinfluenceof

con-struallevelonintuitivedecisionmakinginriskychoiceproblemsby

manipulatingpsychologicaldistance,becausedistancedimensions

aremoreorlessinherentineverydecision.Indifferentdecision

problems,wevariedseveraldimensionsofpsychologicaldistance

suchas social, spatial and temporal distance. In each problem,

twoorthree ofthesedimensionswerecombinedinawaythat

(3)

simplechangesofperceiveddistanceinthedescriptionofdecision

problemsinfluenceintendedrisktakingbehavior.Furthermore,we

investigatedhoweffectsofpsychologicaldistanceinteractwiththe

well-knownframingeffect(Tversky&Kahneman,1981).Todate,

thisinteractionremainslargelyunexplored(cf.Trautmann&Van

deKuilen,2012),butisofgreatimportanceforpractitioners,who

canbeconfrontedwithbotheffectsatthesametime.

2. Hypotheses

Thepresentinvestigationconsistedofthreestudies:Study1was

conductedinauniversitysettingandtheothertwostudieswith

practitioners,specificallyphysicians(Study2)andhotelmanagers

(Study3).Wemeasureddifferencesinparticipants’preferencesfor

riskandsecurityinriskychoices,framedaseithergainsorlosses,

andmanipulatedthelevelofconstrualbyvaryingpsychological

distance.Prospect theory(Kahneman&Tversky, 1979;Tversky

&Kahneman,1981)statesthatpeopleareriskaversewhen

con-frontedwithgainsandriskseekingwhenconfrontedwithlosses,

whichcanbeinducedbytheframingofdecisionsasgainsorlosses.

Accordingtorecentresearchonconstrualleveltheory(Trope&

Liberman,2010),whichshowsthatpeopleareriskaversewhenin

lowconstruallevelmindsetandriskseekingwheninanhigh

con-struallevelmindset,construallevelisexpectedtomoderatethe

influenceofframingeffectsondecisionmaking.Weexpectthat

anincreaseofconstruallevelshiftsthefocusonthedesirability

oftheoutcome.Whileinagainframe,thisshouldleadtomore

riskseeking,inalossframeweexpectmoreriskavoidancedueto

theunattractivenessofthepotentialloss.Thismaybestatedinthe

followingformalhypotheses:

Hypothesis1a. Inagainframe,peoplearemoreriskaverseina

lowconstruallevelthaninahighconstruallevelmindset.

Hypothesis1b. Inalossframe,peoplearemoreriskseekingina

lowconstruallevelthaninahighconstruallevelmindset.

While Hypotheses 1a and 1b were developed prior to

col-lectingthedata,theanalysisindicatedasecondhypothesisthat

weapproachedinanexploratorymanner:

Hypothesis2. Alow construallevel leadstostronger framing

effectsthanahighconstruallevel.

3. Study1

3.1. Method

3.1.1. Participantsanddesign

Oursampleincluded65students(72%female)aged18to47

(M=23.03,SD=5.27)fromaGermanuniversitywhoagreedto

par-ticipateinthisstudy.Theparticipantswererecruitedduringlecture

andweregivenabriefpaper-and-pencilsurveythatincludedan

unrelatedstudy.For participatingin bothstudies theyreceived

coursecredit,andhadthechanceofwinningoneoutofthree

text-booksonsocialpsychology.Participantswererandomlyassignedto

oneoftwoconditionsofthe2(between)×2(within)mixeddesign.

Thebetween-subjectsvariablewaspsychologicaldistance

(proxi-malvs.distal)andthewithin-subjectsvariablewasframing(loss

vs.gain).

3.1.2. Materialsandprocedure

WeusedtheAsiandiseaseproblemasgainframe(Tversky&

Kahneman,1981)andasimilarproblemaslossframetomeasure

theinfluenceofconstruallevelondecisionmakinginanapplied

andestablishedsetting.Construallevelwasmanipulatedby

fram-ingtheproblemaspsychologicallyproximal(lowconstruallevel)or

distal(highconstruallevel).Inthegainframeproblem,participants

in theproximal conditionweregiven thefollowing instruction

(parenthesesexcluded):

Imagineyouarepartofa studentboard(socialdimension)at

yourUniversitythat isincludedinimportantdecisions.

Cur-rently(temporaldimension),yourcity(spatialdimension)isbeing

threatenedbyanewfluvirusthatisexpectedtokill600

inha-bitants.Twoalternativeprogramstocombatthediseasehave

beenproposed.

Inthedistalconditionparticipantswereaskedtoimaginebeing

aconsultantinhealthcare,andthat anunusualdiseasewillbe

threateningsomecountriesinthecomingmonths.Thelossframe

problemconcernedemployeesthathavetobedismissed.

Partici-pantsintheproximalconditionwereaskedtoimaginetheyworked

foracompanyinthesamecityastheiruniversity.Theparticipants

immediatelyhadtolayoff300employeesalongwiththeir

super-visor.Inthedistalcondition,participantswereaskedtoimagine

beinga consultantfor a companyabroadthat willhaveto

dis-miss300employeesthefollowingyear.However,participantswere

offeredtwooptionsthatincludedthepossibilityofhavingto

dis-missfeweremployees.Insteadofmakingachoicebetweenoptions,

weaskedforparticipants’preferenceforthesafe(e.g.,200

employ-eeswillbedismissed)ortheriskyalternative(e.g.,1/3probability

thatnobodywillbedismissedor2/3probabilitythat300

employ-eeswillbedismissed)ona six-pointLikertscalefrom1(strong

preferenceforthesafeoption)to6(strongpreferencefortherisky

option).Themanipulationcheckconsistedofthreeitems

concern-ingperceiveddistance,concretenessandhypotheticalityofboth

decisionproblemsona5-pointscalefrom1(proximal)to5(distal),

˛=.73.

3.2. Resultsanddiscussion

A 2 (psychological distance)×2(framing) repeatedmeasure

ANOVAdidnotshowmaineffects,butindicatedaninteractionof

framingandpsychologicaldistance,F(1,62)=6.72,p=.01,p2=.10.

In the gain frame,low psychologicaldistance ledto more risk

avoidanceandhighpsychologicaldistancetomoreriskseeking,

t(63)=2.65,p=.01,d=.67(seeFig.1).Inthelossframe,therewas

noinfluenceofpsychologicaldistanceonriskseeking.Furthermore,

intheproximalcondition,participantspreferredthesafeoptionin

thegainframeandtheriskyoptioninthelossframe,t(31)=2.33,

p=.027,d=.61, whichreplicatestheframingeffect.However,in

thedistalconditiontherewasnodifferencebetweenparticipants’

preferences.

Concerningthemanipulationcheck,at-testrevealedthat

par-ticipantsin theproximalcondition(M=3.15,SD=1.21)showed

lowerratingsthanparticipantsin thedistal condition(M=3.91,

SD=1.04),t(63)=2.78,p=.007,d=.69,thussuggestingasuccessful

Fig.1.Preferencefortheriskyoptionintheproximalversusdistalcondition,inthe gainandthelossframe.Errorbarsindicate95%confidenceintervals.

(4)

manipulationofpsychologicaldistance.Bymanipulating

psycho-logicaldistance,weaimedatactivatingloworhighlevelconstruals

whenthinkingaboutriskychoices.InlinewithHypothesis1a,

peo-pleweremoreriskaverseintheproximal/gainframecondition

thaninthedistal/gainframecondition.Therewasnoeffectof

psy-chologicaldistanceonthelossframeconditionandHypothesis1b

couldnotbesupported.However,sincethetendencyisinlinewith

Hypothesis1b,themanipulationofconstruallevelmighthavebeen

strongerinthegainconditionthaninthelosscondition.Savingor

losinglivesmightbemorepolarizingthandismissingorkeeping

employees.Furthermore,theframingeffectcouldonlybe

repli-catedintheproximalcondition,butwaseliminatedinthedistal

condition,whichsupportsHypothesis2.Still,thedifferentsetting

ofthegainandlossframemighthaveconfoundedourresults.Based

ontheassumptionthatintuitivedecisionmakingdevelopsthrough

experience(e.g.,Betsch,2008;Klein,1993;Reyna,2004),onemight

criticizethatthestudentsampleusedinStudy1didnotrelyon

theirintuitionswhenconsideringtheoptionsduetoalackof

expe-riencewiththetopic.Therefore,inStudies2and3,whichwere

conductedparallel,weinvestigatedpractitioners’decisionmaking

intheirfieldsofexpertise.

4. Study2

ThefindingsfromStudy1suggestaninteractionofgainversus

lossframingandthelevelofconstrualthatinfluencesriskychoice

behavior.InStudies2and3,wefurtherinvestigatedthisinterplay

anditsapplicabilityinorganizationaldecisionmaking.Wechose

tostudyphysiciansandhotelmanagers,sincewehadeasyaccess

tobothofthesesamples.Inprofessionalsettings,decisionmakers

arecontinuouslyconfrontedwithproblemsthatareframedeither

asratherproximalorratherdistal.FollowingTropeetal.(2007),

thisframingactivatesdifferentmindsets.Physiciansareonegroup

ofprofessionalsthathavetomakehigh-stakeandoftenquick

deci-sionsonadailybasis.Forexample,in2012,physiciansinGermany

wereonstrikebecausetheregulationsofhealthinsurance

com-paniesshortenedtheirfeesfor consultations.Thisdevelopment

leadstolesstimespentwitheachpatient,whichisaccompanied

bymoreanonymityinmedicaloffices,andthereforeanincrease

inperceivedsocialdistance.Anevenstrongerperceivedsocialand

alsospatialdistanceisassumedtobefoundinonlineconsultations.

Influencedonlybytheactivatedlevelofconstrual,thefinal

medi-caldecisionoradvicemightbecompletelydifferentandpotential

consequencescanbesevere.Therefore,itishighlyrelevantto

inves-tigatewhetherourfindingsalsoaffectprofessionalsinaclinical

setting.

4.1. Method

4.1.1. Participantsanddesign

Overall, 150 physicians started the online questionnaire. Of

theseparticipants,72cancelledthesurveyatonepoint,17hadtobe

excludedduetotechnicalproblemsofthesurveytool,andonedue

tonotbeingaphysician.Overall,60physicians(54%female)aged

27to61(M=37.31,SD=8.43)fromGermanycompletedthesurvey.

Thestudywasconductedonlineand124physiciansofdifferent

specializationswerecontacteddirectlythroughe-mail(basedon

personalcontactsandonlinesearch).However,sincee-mailswere

forwardedfromphysicians totheircolleaguesand wealso

pro-motedthestudyonFacebook,acleardropoutratecouldnotbe

calculated.

The specializations of thephysicians includedprimary care,

anesthesia, cardiology, orthopedics, gynecology, surgery,

pedi-atrics,dermatology,urology,internalmedicine,andpsychiatrics.

Mostoftheparticipants(34%)had5to10yearsexperience,30%

had1to4yearsexperience,16%had10to20yearsexperience,

13%hadmorethan20yearsexperience,and5%hadlessthan1

yearexperience.Forparticipatinginthestudy,physicianshadthe

chanceofwinningoneoutoftwobooksonmedicaldecision

mak-ing.Participantswererandomlyassignedtooneoftwoconditions

ofthe2(between)×4(within)mixeddesign.Thebetween-subjects

variablewaspsychological distance(proximalvs. distal)and the

within-subjectsvariablewasframing(2×lossvs.2×gain).

4.1.2. Materialsandprocedure

Participantswerepresentedwithfourmedicaldecision

prob-lems, either described as psychologically proximal (n=28) or

psychologicallydistal(n=32),inrandomorder:twoinagainframe

(decision 1 and2) and two in a lossframe(decision 3 and 4).

Decision1concernedanindividualtreatment,decision2a

gen-eraltreatment(adoptedfromGarcia-Retamero&Galesic,2012),

decision3wastheAsiandiseaseproblem(Tversky&Kahneman,

1981),whichisalsoageneraltreatmentdecision,anddecision4

concernedanindividualtreatmentdecision.Eachproblemoffered

ariskyoptionwithahighoutcomeandasafeoptionwithalow

outcome,analoguetotheclassicAsiandiseaseproblem,whichwas

alsoincluded.Choiceoptionsdidnotdifferinexpectedvalue.

Construallevelwasmanipulatedbypsychologicaldistancein

thewaythattheproblemsvariedintermsoftemporal,social,and

spatialdistance.Asanexample,decision2wasdescribedasfollows

(thedistancemanipulationishighlightedthroughboldletters):

Proximalcondition:Youwouldliketoimplementan

innova-tivetreatmentconceptfor100ofyourpatientswhosehealth

situationhasnotimprovedwiththestandardtreatment.Today

youneedtodecidehowtoproceed.

Distalcondition: Nextmonth a newcolleague willstart in

yourpracticeandwouldliketoimplementaninnovative

treat-mentconceptfor100patientswhosehealthsituationhasnot

improvedwiththestandardtreatment.Whichapproachwould

youprefer?

ConceptA:Thereisan80%probabilitythatthehealthsituation

of40patientswillimprove.

Concept B: The health situation of 30 patients will surely

improve.

In ordertoget aclearer pictureof participants’preferences,

wechangedtheratingschemefromStudy1toStudy2.Besides

makingachoicebetweentheoptions,participantsindicatedtheir

preferencefortheriskyalternative(conceptAintheexample)and

theirpreferenceforthesafealternative(conceptBintheexample)

separatelyandforeachsituationona7-pointscalefrom1(little

preference)to7(strongpreference).

5. Resultsanddiscussion

Participants’choicesshowcleardifferencesbetweengainand

lossframes,butnotbetweenpsychologicaldistanceconditions(see

Figs.2and3).Theanalysisofourdatasupportsthisnotion,

espe-ciallyforonegain–losspairintheproximalcondition:Participants

preferredthesureoptionindecision1(gain)andtheriskyoption

indecision4(loss),2(1,28)=4.77,p=.029,whicharethe

individ-ualtreatmentdecisions.Thisisinlinewithprospecttheory,stating

thatpeopleareriskaverseingainframesandriskseekinginloss

frames.Insum,intheanalysisofchoices,wedidnotfindsupportfor

Hypotheses1aand1b.Nevertheless,therewasaframingeffectin

theproximal,butnotinthedistalcondition,whichisinlinewith

Hypothesis2.Descriptively,thedistalconditionalsoshowedthe

framingeffect,butobviouslyweakerandthereforestillsupports

(5)

Fig.2.Choiceofphysiciansbetweenthesureandtheriskyoptionforeachdecision intheproximalcondition.

Fig.3.Choiceofphysiciansbetweenthesureandtheriskyoptionforeachdecision inthedistalcondition.

In the next step, we took a look at the preferences for

eachoption.A 2(psychologicaldistance)×4(framing)repeated

measuresANOVA revealedthat participants had higher

prefer-encesforthesureoption inthegainthaninthelossdecisions,

F(3,174)=49.66,p<.001,p2=.46,andhigherpreferencesforthe

riskyoptioninthelossthaninthegaindecisions,F(3,174)=50.56,

p<.001, p2=.47. Thisreplicatestheclassicframing effect.

Pre-ferencesforthesureoption werenotaffectedbypsychological

distance (see Fig. 4), F(3, 174)=1.17, p=.32, p2=.02, but

pre-ferencesfortheriskyoption wereaffectedbyan interactionof

framingand psychologicaldistance(seeFig. 5), F(3,174)=4.40,

p=.01,p2=.07.

Afurtherinvestigationofthatinteractionrevealedthat

psycho-logicaldistanceseemstoaffectthegeneral,butnottheindividual,

treatmentdecisions.Theindividualtreatmentdecisions1and4

Fig.4.Preferenceforthesureoptionintheproximalversusthedistalcondition,in thegain(decision1anddecision2)andthelossframe(decision3anddecision4). Errorbarsindicate95%confidenceintervals.

Fig.5.Preferencefortheriskyoptionintheproximalversusthedistalcondition,in thegain(decision1anddecision2)andthelossframe(decision3anddecision4). Errorbarsindicate95%confidenceintervals.

showedstrongframingeffects,bothintheproximal,t(27)=−9.52,

p<.001,d=2.97, andthe distalcondition,t(31)=−7.88,p<.001,

d=1.87,anddidnotdifferacrosspsychologicaldistanceconditions.

However,thegeneraldecisions2and 3revealed aninteresting

pattern:Participantsweremoreriskseekingindecision2(gain)

inthedistalthanintheproximalcondition,t(58)=−2.65,p=.01,

d=.69,whichsupportsHypothesis1a.AsshowninFig.5,the

ten-dencyofdecision3(andalsodecision4,bothloss)isinlinewith

Hypothesis1b,indicatingmoreriskseekingfortheproximalthan

thedistalcondition,butthisisnotsupportedstatistically.

Further-more,whilewe founda framingeffectfor decisions2and 3in

theproximalcondition,t(58)=−3.56,p=.001,d=1.00,the

fram-ingeffectdisappearedinthedistalcondition,t<1.Thisstrongly

supportsHypothesis2,statingthattheframingeffectisweakerin

thedistalthanintheproximalcondition.

AsinStudy1,Study2revealedaninteractionofframingand

psychologicaldistanceforgeneraltreatmentdecisions,indicating

thatconstruallevelmoderatesframingeffects.Inlinewith

Hypoth-esis 1a,physicians were more risk aversein the low construal

level/gainframeconditionthanin thehighconstrual level/gain

frame condition. We also found some descriptive support for

Hypothesis1b,showingthatriskseekingislowerinthehigh

con-struallevel/loss framecompared tothelowconstrual level/loss

framecondition.Furthermore,we founda framingeffectinthe

proximal,butnot inthedistal condition,indicating supportfor

Hypothesis2.

Theindividualtreatmentdecisionsdidshowaframingeffect,

butwerenotaffectedbypsychologicaldistancemanipulation.An

explanationcouldbethatthehighconstruallevelmanipulation

failedfordecisions1and4.Thefactthatthesedecisionsconcerned

individualtreatmentsmighthavereducedperceivedpsychological

distance.Thisnotionissupportedbythefactthat,across

condi-tionsandespeciallyconcerningpreferencesfortheriskyoption,

we found a differencewithin the gain frame (decisions1 and

2),t(59)=−7.02,p<.001,d=1.02,andthelossframe(decisions3

and4),t(59)=−4.30,p<.001,d=.60.Whiledecision1showshigh

riskavoidance,decision4showshighriskseeking.Basedonour

hypotheses,thisindicatesthatbothdecisionsareperceivedas

psy-chologicallyproximal.

Study2furthersupportsthefindingsofStudy1,indicatingthat

construal level moderates theframing effect.Participants were

more risk seeking in psychologically distal as opposed to

psy-chologicalproximalgainframes.Highpsychologicaldistanceand

thereforeanactivationofhighlevelconstrualsnotonlyledtoa

reductionoftheframingeffect,butrathereliminatedit.Thefact

thatwedidnotfindthisforindividualtreatmentdecisionsmight

(6)

above.Overall,resultsfromStudy2 replicatethefindingsfrom

Study1inaprofessionalsetting.

6. Study3

Study3wasconductedparalleltoStudy2withthesamedesign,

butinsteadofphysiciansweaskedhotelmanagers.Therefore,the

contentoftheproblems wasadaptedtoamanagement setting.

Managersareanothergroupofprofessionals thathavetomake

high-stakefinancialorpersonneldecisions ona dailybasis. For

example,perceivedclosenessordistancetowardemployeesmight

influence personnel decisions. Investment decisions that imply

somekindofdistancemightaffecttheinvestedamount.We

devel-opedfourdecisiontasksinahotelmanagementsettingandchose

differenttopics(e.g.,money,employees)inordertoincreasethe

chancesofreplicatingtheframingeffect.

6.1. Method

6.1.1. Participantsanddesign

Overall,92hotelmanagersstartedtheonlinequestionnaire.Of

these,53cancelledthesurveyatonepoint,while39hotelmanagers

(19%female)aged23to69(M=44.44,SD=12.35)fromGermany

participatedinthewholestudy.Thestudywasconductedonline

and100hotelmanagerswerecontacteddirectlythroughe-mail

(basedonpersonalcontactsandonlinesearch).However,since

e-mailswereforwardedfrommanagerstotheircolleaguesandwe

alsopromotedthestudyonFacebook,acleardropoutratecould

notbecalculated.Overhalf(59%)oftheparticipantsmanageda

medium-sizedhotel with11to50employees,aboutonefourth

(24%)managedalarger-sizedhotelwith51–100employees,and

therestmanagedsmaller(10%)orlarger(7%)hotels.Mostofthe

participants(34%)had10to20yearsexperiencerunningahotel,

aboutonefourth(22%)hadmorethan20yearsexperience,12%had

5to10yearsexperience,20%had1to4yearsexperience,and12%

hadlessthanoneyearexperience.Furthermore,70%ofthehotels

werefour-starshotels,24%werethree-starshotels,andtherest

wereeitherone-star(2%)orfive-stars(4%)1.Forparticipatingin

thestudy,thehotelmanagershadthechanceofwinningoneoutof

twobooksonhotelandbarpsychology.Participantswererandomly

assignedtooneoftwoconditionsofthe2(between)×4(within)

mixeddesign.Thebetween-subjectsvariablewaspsychological

dis-tance(proximalvs. distal)and thewithin-subjectsvariablewas

framing(2×lossvs.2×gain).

6.1.2. Materialsandprocedure

Participants were presented with four managerial decision

problems,eitherdescribedaspsychologicallyproximal(n=16)or

psychologicallydistal(n=23),inrandomorder:twoinagainframe

(decision1and2)andtwoinalossframe(decision3and4).In

decision1,anewpromotionconceptwasintroducedthatcould

increasethenumberofguests.Indecision2,aninvestmentin

ren-ovationneededtobemadethatcouldincreasesales.Indecision3,

savingmeasuresneededtobeimplementedinordertopreventthe

dismissalofemployees.Indecision4,savingmeasuresneededto

beimplementedthatimpliedareductionofthemanager’ssalary.

Construallevelwasmanipulatedbypsychologicaldistanceinthe

waythattheproblemsvariedintermsoftemporal,social,and

spa-tialdistance.Asanexample,decision1wasdescribedasfollows

(thedistancemanipulationishighlightedthroughboldletters):

1One-star=tourist,two-stars=standard,three-stars=comfort,four-stars=first

class,five-stars=luxury(hotelratingaccordingtotheGermanHotelandCatering Association).

Proximalcondition:Youurgentlyneedtoinvestinyour

orga-nizationandyouhavedecidedtoimmediatelyrenovatesome ofyourrooms.Thisverydayyouwanttoawardthecontract

andhavetochoosebetweentwodifferentofferswhose

conse-quencesyouhavealreadycalculated.

Distalcondition:A colleagueasksyouforadviceconcerning

upcomingpossibilitiesforinvestment.Hewouldliketo

ren-ovate someroomsthe followingyearand he hasreceived

differentofferswhoseconsequenceshealreadycalculated.

OptionA:Withthisrenovationsaleswillsurelyincreaseby5%.

OptionB:Withthisrenovationthereisa50%chancethatsales

willincreaseby10%anda50%chancethatsaleswillnotincrease

atall.

AsinStudy2,besidesmakingachoice,participantsindicated

theirpreferencefortheriskyalternative(optionBintheexample)

andtheirpreferenceforthesafealternative(optionAinthe

exam-ple)separately,andforeachsituationona 7-pointscalefrom1

(littlepreference)to7(strongpreference).

6.2. Resultsanddiscussion

Whenwelookatchoices(seeFigs.6and7),participantshada

clearpreferencefortheriskyoptionindecision3(loss)compared

totheremainingdecisions.Descriptively,thepreference forthe

riskyoptionisstrongerintheproximalconditionasopposedto

thedistalcondition,whichisinlinewithHypothesis1b.However,

thesmallsamplesize(n=16)intheproximalconditionmightbe

thereasonthatouranalysesdonotreachanacceptablelevelof

statisticalsignificance.

Wefoundtheclassicframingeffectfordecisions2(more

secu-rity seekingin thegainframe) and 3(moreriskseekingin the

Fig.6.Choiceofhotelmanagersbetweenthesureandtheriskyoptionforeach decisionintheproximalcondition.

Fig.7.Choiceofhotelmanagersbetweenthesureandtheriskyoptionforeach decisioninthedistalcondition.

(7)

Fig.8.Preferenceforthesureoptionintheproximalversusthedistalcondition,in thegain(decision1anddecision2)andthelossframe(decision3anddecision4). Errorbarsindicate95%confidenceintervals.

lossframe),2(1,39)=4.39,p=.036,acrossconditions.Our

analy-sesfurtherrevealedadifferencebetweendecisions1(gain)and4

(loss)inthedistal,2(1,23)=5.79,p=.016,butnotintheproximal

condition.Whileparticipantswereindifferentindecision1(gain),

theychosethesureoptionmoreoftenindecision4(loss),which

alsosupportsHypothesis1b.

Asin Study2,we alsolookedat thepreference forthesure

andtheriskyoptionseparately(seeFigs.8and9).A2

(psycho-logicaldistance)×4(framing)repeatedmeasureANOVArevealed

amaineffectofframingforpreferencesforthesureoption,F(3,

111)=4.25,p=.007,p2=.103,andpreferencesfortheriskyoption,

F(3,111)=4.19, p=.007, p2=.102. However, psychological

dis-tancedidnothaveaneffectoneitherofthemeasures,Fs<1,and

wealsodonotfindinteractions,Fs<1.

Inordertogetaclearerpictureoftheframingeffect,we

com-paredgain–losspairsseparatelyfor eachcondition.Participants

bothintheproximal,t(15)=2.29,p=.037,d=.71,and thedistal

condition,t(22)=2.11,p=.046,d=.56,hadhigherpreferencesfor

securityindecision2(gain)thanindecision3(loss),indicatinga

classicframingeffect.However,theeffectisweakerinthedistal

condition,whichindicatessomesupportforHypothesis2.

InlinewithHypotheses1aand1b,theframingeffectisreversed

fordecision1anddecision4inthedistalcondition:While

partici-pantswereratherriskseekingindecision1(gain),theywererather

riskavoidingindecision4(loss),t(22)=4.60,p<.001,d=.95.Atthe

sametime,thiseffectcontradictsHypothesis2,statingthatahigh

construallevelreducesframingeffects.However,thereasonforthis

effectmightalsolieinthecontentsofdecisions1and4.While

deci-sion1concernsanewadvertisingconceptthatmightleadtomore

(15%increasewithachanceof80%)orless(10%increase)overnight

Fig.9.Preferencefortheriskyoptionintheproximalversusthedistalcondition,in thegain(decision1anddecision2)andthelossframe(decision3anddecision4). Errorbarsindicate95%confidenceintervals.

stays,decision4concernssavingmeasurementsthatmightleadto

larger(50%decreasewithachanceof50%)orsmaller(25%decrease)

lossesinsalaryforthemanager.Theriskyprospectofdecision4

isquiteharmfuland mightlead toexistentialproblemsforthe

manager,whichcouldbethereasonwhywefindstrongerrisk

aver-sioninthisdecisionthaninallotherdecisions.Furthermore,due

totheirexperience,ourparticipantsmightnot havebelievedin

anadvertisingconceptthatsurelyincreasestheovernightstays,

plustheyalsomightbeusedtohavingsomeriskwheninvestingin

marketing.

Inconclusion,whencomparingdecisions2and3,wefounda

framingeffectinthepreferencesforthesureoption,whichwas

slightlystrongerfortheproximalthanthedistalconditionand

sup-portsHypothesis2.Psychologicaldistancehadnoeffectandwedid

notfindclearsupportforHypothesis1aand1b.However,when

comparingdecisions1and4,theframingeffectwasreversedfor

thedistalconditionandthisfindingpartlysupportsHypothesis1a

and1b,butcontradictsHypothesis2.

7. Generaldiscussion

Ourresultssupportthenotionthatbothnovicesand

profes-sionalsareinfluencedbyperceivedpsychologicaldistancewhen

making decisions under risk. In line withTrope and Liberman

(2010),wepresumedthatavariationinperceivedpsychological

distanceaffectsthecognitivemindset,leadingtomoreconcrete

thinking(lowconstruallevel)inpsychologicalclosesituationsand

moreabstractthinking(highconstruallevel)inmoredistant

situ-ations.Overall,twoimportantresultsemergedfromourstudies.

First,inStudies1and2wefoundevidenceforHypothesis1a,

statingthatahighconstruallevelleadstolessriskavoidanceingain

framesthanalowconstruallevel.Whiletheproximalcondition

(i.e.,lowconstruallevel)ledtoriskavoidance,whichisinlinewith

prospecttheory,thedistalcondition(i.e.,highconstruallevel)led

toriskseeking,whichcontradictsprospecttheory.Inlossframes,

construalleveldidnothaveaninfluenceonriskseeking,andwe

didnotfindevidenceforHypothesis1b,statingthatalowconstrual

levelleadstomoreriskseekinginlossframesthanahighconstrual

level.However,areversedframingeffect(moreriskavoidancein

thelossthaninthegainframe)thatwefoundinStudy3partly

supportsbothHypothesis1aand1b,butforthedistalcondition

only.ThecontradictingresultsinthelossframesofStudies1and2

maybeduetooneoftworeasons:eithertheconstruallevel

manip-ulationwasnotstrongenough,ortheinfluenceoflossaversionis

strongerthantheimpactofconstruallevel.Thephenomenonofloss

aversion,whichstatesthatlossesloomlargerthangains,isseenas

oneofthemostcommonbiasesindecisionmaking(Hastie,2001;

Kahneman&Tversky,1979;Tversky&Kahneman,1981,1992).A

recentseriesofexperimentsevensuggeststhatitdominates

con-strualleveltheory(Trautmann&VandeKuilen,2012).Thismight

explaintheresistanceoflossaversiontoourmanipulation,but

needstobefurtherinvestigated.

Second,theclassicframingeffectwasreplicatedforthe

proxi-malcondition,butwaseliminated(Studies1&2)orreduced(Study

3)inthedistalcondition,whichsupportsourexploratory

Hypoth-esis2,statingthatalowconstruallevelleadstostrongerframing

effectsthanahighconstruallevel.Experimentshaveshownthat

thebiasofframingcanbereducedoreveneliminatedwhen

peo-plerelymoreondeliberativethinkingthanonintuitivethinking

(e.g.,Keysar,Hayakawa,&An,2012).Reasonsforashiftfrom

intu-itivetomoredeliberativethinkingmightbebasedonareductionof

emotionalresonancecausedbytheincreaseinpsychological

dis-tance(Keysaretal.,2012)oronperceiveddisfluency.Disfluency

occurswhenanexperienceismoredifficulttoprocesscognitively,

(8)

(Alter&Oppenheimer,2008).Intermsoftheframingeffect,loss

framesareassumedtobeprocessedmorefluentlywhen paired

withconcreteattributesandlowpsychologicaldistance,

respec-tively(Whiteet al.,2011).Disfluency cantemperconfidencein

one’sjudgmentandleadtoashifttomoreanalyticalprocessing

(Alter&Oppenheimer,2008).

Insum,ourresultssuggestthatitnotonlymakesadifference

whetheradecisionisframedintermsofgainsorlosses(Tversky

& Kahneman, 1981), but also if a decision is framed in terms

ofpsychologicalclosenessor distance.Fromphysicianswho do

onlinediagnosestomanagerswhomakehigh-stakefinancial

deci-sionsforinternationalbranches,allareconfrontedwithaspectsof

psychologicaldistance.Whiletheheuristics-and-biasesapproach

hasa longtraditionand receivedquitea lotofattentioninthe

realworld,construallevel theoryis rathernew.Construallevel

theoryexplainscognitivemechanismsunderlyingknown

psycho-logicaleffectssuchastime-dependedchangesinpreference(e.g.,

Loewenstein,1987;Thaler,1992)andphenomenaconcerningthe

psychology of prediction (e.g., the planning fallacy; Kahneman

&Tversky, 1979).Furthermore, construal level theorysuggests

thattemporal,socialandspatialdistanceinfluencepeople’s

cog-nitiveprocessingofeventsinthesameway.Thereforethetheory’s

applicationtopracticaldecisionmakingisespeciallyinteresting.

Practitionersneedtobemadeawareofthefactthatpsychological

distanceinherentinadecisionproblemcaninfluencetheir

mind-setandthereforetheirdecisionmakingbehavior.Adecisionmaker

mightwanttothoroughlyconsiderwhoisaffectedbyhisdecision

andwhenorwhereitwillcomeintoeffect.Oneormoreofthese

psychologicaldistancedimensionscanbefoundinalmostevery

decision.

Inorder toimprovepractical decisionmaking,psychological

distancecouldbeintentionallyvariedtoward amoredistantor

acloserperspective.Thatwouldprovidea decisionmakerwith

theopportunitytoilluminateadecisionfromdifferentdistant

per-spectivesandconsideritsinfluenceonhisevaluation.Forexample,

ifamanagerisconsideringmakingabiginvestmentinanother

country,hemightwanttoimaginehimselfbeingon-siteversusfar

away,aclosefriendbeingaffectedversusanunknownperson,or

theconsequencesofanimmediateimplementationversusafuture

implementation.Whetherhypotheticality,thefourthdimensionof

psychologicaldistance,alsoinfluencespracticaldecisionmaking

needstobefurtherinvestigated.

Agreat potentialconcerningthe practicalapplication of our

researchmightlieinthefieldofriskcommunication.AsGigerenzer,

Gaissmaier,Kurz-Milcke,Schwartz,andWoloshin(2007)propose,

psychologicalresearchneedstoinvestigatehowtopresentrisks

visuallyaswellasnumericallyinawaythatfosterseasyand

cor-rectprocessing.Basedonseveralexperiments,theauthorspropose

thatrisksshouldbepresentedintermsofabsoluterisksinsteadof

relativerisksandasnumbersinsteadofwords,sincetheformer

leadstomoreaccurateriskperceptions.Lermer,Streicher,Sachs,

andFrey(2013)furtherinvestigatedthepresentationofrisksand

suggestthat theabstractness ofthe target(e.g.,person atrisk)

moderatestheinfluenceofpresentationformatonriskperception.

Thisindicatesthatconstruallevelmightcontributetothe

discus-siononhowtoeffectivelypresentrisks.Studieshavepointedout

thatlargernumbersandsmallerunits(e.g.,7daysasopposedto1

week)increaseperceivedharm(White&Kwan,2013)orthatthe

presentationofmessagesaspicturesversuswordsaffectsperceived

psychologicaldistance.Forexample,whilepeoplepreferred

pic-tureswhencommunicatingwithproximalothers,theypreferred

wordswithdistalothers.Inthesamelineofresearch,itwas

sug-gestedthatpeoplearemorelikelytoheedtheadviceofamessage

if themedium of presentation (aspicture or word) is

congru-entwithpsychologicaldistance(Amit,Wakslak,&Trope,2012).

Lermer,Streicher,Sachs,Raue,andFrey(2014b),ontheotherhand,

havefoundevidencethatrisksthataregenerallyoverestimated

becomemoreaccuratewheninducingaconcretemindset,while

veryunlikelyrisksthataregenerallyunderestimatedbecomemore

accuratewheninducinganabstractmindset.Insum,thecurrent

findingsimplythatconstrualleveltheoryshouldbeconsideredin

riskcommunicationand suggestfurtherresearchconcerningits

practicalapplication.

Ourfindingscontributetodecisionmakingtheoryandhighlight

theimportance of subtle influences, suchasperceived

psycho-logical distance,onpractical decision making.However,further

research is needed to draw a clearer picture concerning the

interplayofframingandconstruallevel,especiallyoutsidethe

lab-oratory.Beyond that,it couldbeinterestingtoinvestigatehow

construalleveltheoryinteractswithcompetingapproachesinthe

areaofintuitivedecisionmaking.Theseapproachesmightinclude

fast-and-frugalheuristics(Gigerenzer,Todd,&TheABCResearch

Group,1999), fuzzy-tracetheory (Reyna &Brainerd, 1995), the

adaptivedecisionmaker(Payne,Bettman,&Johnson,1993),or

con-nectionistmodelssuchasparallelconstraintsatisfaction(Glöckner

&Betsch,2008).Theseideasgobeyondthescopeofthisarticle,but

carrygreatpotentialforfutureresearch.

ConflictofIntereststatement

Theauthorsdeclarethattherearenoconflictsofinterest.

Acknowledgements

We thank Dominique Schapperer for providing excellent

researchassistance.

References

Alter,A.L.,&Oppenheimer,D.M.(2008).Effectsoffluencyonpsychologicaldistance andmentalconstrual(orwhyNewYorkisalargecity,butNewYorkisacivilized jungle).PsychologicalScience,19(2),161–167.

Amit,E.,Wakslak,C.,&Trope,Y.(2012).Theuseofvisualandverbalmeansof communicationacrosspsychologicaldistance.PersonalityandSocialPsychology Bulletin,39(1),43–56.http://dx.doi.org/10.1177/0146167212460282

Arkes,H.R.,&Blumer,C. (1985).Thepsychologyofsunkcost.Organizational BehaviorandHumanDecisionProcesses,35(1),124–140.http://dx.doi.org/10. 1016/0749-5978(85)90049-4

Bar-Anan, Y., Liberman, N., & Trope, Y. (2006). The association between psychologicaldistanceandconstruallevel:Evidencefromanimplicit asso-ciation test. Journal of Experimental Psychology: General, 135(4), 609–622.

http://dx.doi.org/10.1037/0096-3445.135.4.609

Betsch,T.(2008).Thenatureofintuitionanditsneglectinresearchonjudgmentand decisionmaking.InH.Plessner,C.Betsch,&T.Betsch(Eds.),Intuitioninjudgment anddecisionmaking(pp.3–22).NewYork,NY:LawrenceErlbaumAssociates.

Bryant,P.,&Dunford,R.(2008).Theinfluenceofregulatoryfocusonrisky decision-making. Applied Psychology, 57(2), 335–359. http://dx.doi.org/10.1111/j.

1464-0597.2007.00319.x

Crowe,E.,&Higgins,E.T.(1997).Regulatoryfocusandstrategicinclinations: Pro-motionandpreventionindecisionmaking.OrganizationalBehaviorandHuman DecisionProcesses,69(2),117–132.

DeMartino,B.(2006).Frames,biases,andrationaldecisionmakinginthehuman brain.Science,313(5787),684–687.http://dx.doi.org/10.1126/science.1128356

Evans,J.S.B.T.(2009).Howmanydual-processtheoriesdoweneed?One,two,or many?InJ.S.B.T.Evans,&K.Frankish(Eds.),Intwominds:Dualprocessesand beyond(pp.33–54).NewYork,NY:OxfordUniversityPress.

Förster,J.,&Higgins,E.T.(2005).Howglobalversuslocalperceptionfitsregulatory focus.PsychologicalScience,16(8),631–636.

Fujita,K.,Henderson,M.D.,Eng,J.,Trope,Y.,&Liberman,N.(2006).Spatialdistance andmentalconstrualofsocialevents.PsychologicalScience,17(4),278–282.

Garcia-Retamero,R.,&Galesic,M.(2012).Doc,whatwouldyoudoifyouwereme? Onself–otherdiscrepanciesinmedicaldecisionmaking.JournalofExperimental Psychology:Applied,18(1),38–51.http://dx.doi.org/10.1037/a0026018

Gigerenzer,G.,Gaissmaier,W.,Kurz-Milcke,E.,Schwartz,L.M.,&Woloshin,S. (2007).Helpingdoctorsandpatientsmakesenseofhealthstatistics. Psycho-logicalScienceinthePublicInterest,8(2),53–96.

Gigerenzer,G.,Todd,P.M.,&TheABCResearchGroup.(1999).Simpleheuristicsthat makeussmart.NewYork,NY:OxfordUniversityPress,USA.

Glöckner,A.,&Betsch,T.(2008).Modelingoptionandstrategychoiceswith connec-tionistnetworks:Towardsanintegrativemodelofautomaticanddeliberatedecision making.PreprintsoftheMaxPlanckInstituteforResearchonCollectiveGoods.

(9)

Goodman,J.K.,&Malkoc,S.A.(2012).Choosinghereandnowversusthereandlater: Themoderatingroleofpsychologicaldistanceonassortmentsizepreferences. JournalofConsumerResearch,39(4),751–768.

Hastie,R.(2001).Problemsforjudgmentanddecisionmaking.AnnualReviewof Psychology,52(1),653–683.

Hsee,C.K.,&Weber,E.U.(1997).Afundamentalpredictionerror:Self-others dis-crepanciesinriskpreference.JournalofExperimentalPsychology:General,126(1), 45–52.

Kahneman,D.(2003).Aperspectiveonjudgmentandchoice:Mappingbounded rationality.AmericanPsychologist,58(9),697.

Kahneman,D.,&Frederick,S.(2007).Frames andbrains:Elicitationand con-trol of response tendencies. Trends in Cognitive Sciences, 11(2), 45–46.

http://dx.doi.org/10.1016/j.tics.2006.11.007

Kahneman,D.,&Tversky,A.(1979).Prospecttheory:Ananalysisofdecisionunder risk.Econometrica:JournaloftheEconometricSociety,47,263–292.

Kahneman,D.,Lovallo,D.,&Sibony,O.(2011).Beforeyoumakethatbigdecision ....HarvardBusinessReview,89(6),1–12.

Keysar,B.,Hayakawa,S.L.,&An,S.G.(2012).Theforeign-languageeffect:Thinkingin aforeigntonguereducesdecisionbiases.PsychologicalScience,23(6),661–668.

http://dx.doi.org/10.1177/0956797611432178

Kim, H., Schnall, S., & White, M. P. (2013). Similar psychological distance reducestemporaldiscounting.PersonalityandSocialPsychologyBulletin,39(8), 1005–1016.

Klein, G. A. (1993). A recognition-primed decision (RPD) model of rapid decision making. Decision Making in Action: Models and Methods, 5(4), 138–147.

Kray,L.J.(2000).Contingentweightinginself-otherdecisionmaking.Organizational BehaviorandHumanDecisionProcesses,83(1),82–106.

Lermer,E.,Streicher,B.,Sachs,R.,&Frey,D.(2013).Howrisky?Theimpactoftarget personandanswerformatonriskassessment.JournalofRiskResearch,16(7), 903–919.http://dx.doi.org/10.1080/13669877.2012.761267

Lermer, E., Streicher, B., Sachs, R., Raue, M., & Frey, D. (2014). The effect of construal level on risk-taking. European Journal of Social Psychology,

http://dx.doi.org/10.1002/ejsp.2067

Lermer,E.,Streicher,B.,Sachs,R.,Raue,M.,&Frey,D.(2014b).Risksappearmore likelywhenthinkingconcrete:Theeffectofconstruallevelonriskestimates. (Manuscriptunderrevision).

Loewenstein,G.F.(1987).Anticipationandthevaluationofdelayedconsumption. TheEconomicJournal,97,666–684.

Malkoc,S.A.,Zauberman,G.,&Bettman,J.R.(2010).Unstuckfromtheconcrete: Car-ryovereffectsofabstractmindsetsinintertemporalpreferences.Organizational BehaviorandHumanDecisionProcesses,113,112–126.

Malkoc,S.A.,Zauberman,G.,&Ulu,C.(2005).Consumingnoworlater?The inter-activeeffectoftimingandattributealignability.PsychologicalScience,16(5), 411–417.

Nan,X.(2007).Socialdistance,framing,andjudgment:Aconstruallevel per-spective.HumanCommunicationResearch,33(4),489–514.http://dx.doi.org/10. 1111/j.1468-2958.2007.00309.x

Payne,J.W.,Bettman,J.R.,&Johnson,E.J.(1993).Theadaptivedecisionmaker. CambridgeUniversityPress.

Polman, E. (2012). Self–other decision making and loss aversion. Organiza-tionalBehaviorandHumanDecisionProcesses,119(2),141–150.http://dx.doi. org/10.1016/j.obhdp.2012.06.005

Pronin,E.,Olivola,C.Y.,&Kennedy,K.A.(2007).Doinguntofutureselvesasyou woulddountoothers:Psychologicaldistanceanddecisionmaking. Person-alityandSocialPsychologyBulletin,34(2),224–236.http://dx.doi.org/10.1177/ 0146167207310023

Reyna,V.F.(2004).Howpeoplemakedecisionsthatinvolveriskadual-processes approach.CurrentDirectionsinPsychologicalScience,13(2),60–66.

Reyna,V.F.,&Brainerd,C.J.(1995).Fuzzy-tracetheory:Aninterimsynthesis. Learn-ingandIndividualDifferences,7(1),1–75.

Sagristano,M.D.,Trope,Y.,&Liberman,N.(2002).Time-dependentgambling:Odds now,moneylater.JournalofExperimentalPsychology:General,131(3),364–376.

http://dx.doi.org/10.1037//0096-3445.131.3.364

Selten,R.(2001).Whatisboundedrationality?InG.Gigerenzer,&R.Selten(Eds.), Boundedrationality:Theadaptivetoolbox(pp.13–27).Cambridge,MA:MITPress.

Shelley,M.K.(1991).Gain/lossasymmetryinriskyintertemporalchoice. Organiza-tionalBehaviorandHumanDecisionProcesses,59,124–159.

Shiv,B.,Loewenstein,G.,Bechara,A.,Damasio,H.,&Damasio,A.R.(2007). Invest-mentbehaviorandthenegativesideofemotion.PsychologicalScience,16(6), 435–439.

Simon,H.A.(1955).Abehavioralmodelofrationalchoice.TheQuarterlyJournalof Economics,69,99–118.

Simon,H.A.(1991).Modelsofmylife.NewYork,NY:BasicBooks.

Slovic,P.(2010).TheFeelingofRisk.NewYork,NY:Earthscan.

Slovic, P., & Peters, E. (2006). Risk perception and affect. Current Directions in Psychological Science, 15(6), 322–325. http://dx.doi.org/10.1111/j. 1467-8721.2006.00461.x

Slovic,P.,&Västfjäll,D.(2010).Affect,moralintuition,andrisk.PsychologicalInquiry, 21(4),387–398.http://dx.doi.org/10.1080/1047840X.2010.521119

Stanovich,K.E.,&West,R.F.(2000).Advancingtherationalitydebate.Behavioral andBrainSciences,23(05),701–717.

Stephan,E.,Liberman,N.,&Trope,Y.(2010).Politenessandpsychologicaldistance: Aconstruallevelperspective.JournalofPersonalityandSocialPsychology,98(2), 268–280.http://dx.doi.org/10.1037/a0016960

Stone,E.R.,Yates,A.J.,&Caruthers,A.S.(2002).Risktakingindecisionmakingfor othersversustheself.JournalofAppliedSocialPsychology,32(9),1797–1824.

Streicher,B.,Lermer,E.,Sachs,R.,&Frey,D.(2012).Howabstractandconcrete think-inghelpstoimproveriskassessmentandriskbehavior.InPaperpresentedat theseventhnationalsciencefoundation(NSF)—DeutscheForschungsgemeinschaft (DFG)researchconference,reckoningwiththeriskofcatastropheOctober3–5, Washington,DC.

Thaler,R.(1992).Savings,fungibility,andmentalaccounting.InR.Thaler(Ed.),The winner’scurse:Paradoxesandanomaliesofeconomiclife(pp.81–100).NewYork, NY:FreePress.

Trautmann,S.T.,&VandeKuilen,G.(2012).Prospecttheoryorconstruallevel the-ory?:Diminishingsensitivityvs.psychologicaldistanceinriskydecisions.Acta Psychologica,139,254–260.

Trope,Y.,&Liberman,N.(2010).Construal-leveltheoryofpsychologicaldistance. PsychologicalReview,117(2),440–463.

Trope,Y.,Liberman,N.,&Wakslak,C.(2007).Construallevelsandpsychological distance:Effectsonrepresentation,prediction,evaluation,andbehavior.Journal ofConsumerPsychology,17(2),83–95.

Tversky,A.,&Kahneman,D.(1974).Judgmentunderuncertainty:Heuristicsand biases.Science,185(4157),1124–1131.

Tversky,A.,&Kahneman,D.(1981).Theframingofdecisionsandthepsychologyof choice.Science,211(4481),453–4578.

Tversky,A.,&Kahneman,D.(1992).Advancesinprospecttheory:Cumulative rep-resentationofuncertainty.JournalofRiskandUncertainty,5(4),297–323.

Wakslak,C.,&Liberman,N.(2006).Kneedeepinthebigmuddy,butonlyfromup close:Psychologicaldistancemoderatesthetendencytomakethesunkcosterror (Unpublishedmanuscript).

Wakslak,C.,&Trope,Y.(2009).Theeffectofconstruallevelonsubjectiveprobability estimates.PsychologicalScience,20(1),52–58.

White,A.E.,&Kwan,V.S.Y.(2013).Doomsdayismoredangerousin7daysthan1 week:Psychologicaldistanceandconstrual-levelinfluenceperceiveddanger.In Presentedattheannualmeetingofthesocietyforpersonalityandsocialpsychology January16–19,NewOrleans,LA.

White,K.,MacDonnell,R.,&Dahl,D.W.(2011).It’sthemind-setthatmatters:The roleofconstruallevelandmessageframingininfluencingconsumerefficacy andconservationbehaviors.JournalofMarketingResearch,48(3),472–485.

References

Related documents

Abbreviations: A: arcus aortae, TB: truncus bra- chiocephalicus, ASd: arteria subclavia dextra, ACd: arteria carotis dextra, ACs: arteria carotis sinistra, ASDd: arteria scapularis

This general purpose of this study was to investigate the prevalence of drug use among public academic and academic library users in Akwa Ibom State, Nigeria.. This is coming from

Studies sought to analyze the effects of adopting each of the achievement goals on students’ behavior and academic outcomes, based on the assumption that the adopted

UWB planar antenna comprises two-slit in the conductor elements is scrutinized to eliminate WLAN and WIMAX communication systems and slightly displays better performances

Loan size (13.05%) acquired from another financial institution had a less influence to lending terms of financial institutions. The result is that they can pay obligations

Keywords: guided reading, early literacy, reading comprehension, reading fluency, small group instruction.. © Copyright 2009,

Additionally, pursuant to the American Recovery and Reinvestment Act of 2009, DoD IG has the authority to investigate complaints of reprisal filed by employees of non-federal

In her work, Williams integrated the different forms (mandatory and voluntary information) and types (fi nancial, social and environmental) of disclosure to provide a set