The impact of mathematical competences and cognitive effort on the appearance of the framing effect
The aim of this paper is to check whether mathematical competences influence some manifestations of bounded rationality. A special example of bounded rationality called “framing effect” is dealt with to analyze empirically the thesis that mathematical competences and cognitive effort may reduce the...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2018-06-01
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| Series: | Economics and Business Review |
| Subjects: | |
| Online Access: | https://doi.org/10.18559/ebr.2018.2.4 |
| _version_ | 1818718799112699904 |
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| author | Kaczmarek Aleksander Przybyszewski Krzysztof Rutkowska Dorota Sosnowska Honorata |
| author_facet | Kaczmarek Aleksander Przybyszewski Krzysztof Rutkowska Dorota Sosnowska Honorata |
| author_sort | Kaczmarek Aleksander |
| collection | DOAJ |
| description | The aim of this paper is to check whether mathematical competences influence some manifestations of bounded rationality. A special example of bounded rationality called “framing effect” is dealt with to analyze empirically the thesis that mathematical competences and cognitive effort may reduce the framing effect. Two kinds of cognitive effort: probabilistic and deductive are analysed. Experiments were conducted using samples of Polish students, both mathematically and business oriented. As an example of a framing situation an example called “Asian disease”, (the first analyzed and the most popular example of the framing effect), is considered. The thesis that a mathematical background may diminish the occurrence of the framing effect was partly confirmed. |
| first_indexed | 2024-12-17T19:56:47Z |
| format | Article |
| id | doaj.art-cade535feb2a411ab7119ac85cfbeefa |
| institution | Directory Open Access Journal |
| issn | 2450-0097 |
| language | English |
| last_indexed | 2024-12-17T19:56:47Z |
| publishDate | 2018-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Business Review |
| spelling | doaj.art-cade535feb2a411ab7119ac85cfbeefa2022-12-21T21:34:35ZengSciendoEconomics and Business Review2450-00972018-06-0142647910.18559/ebr.2018.2.4ebr.2018.2.4The impact of mathematical competences and cognitive effort on the appearance of the framing effectKaczmarek Aleksander0Przybyszewski Krzysztof1Rutkowska Dorota2Sosnowska Honorata3Copernicus Science Center, Wybrzeże Kościuszkowskie 20, 00-390 Warsaw, PolandKozminski University, Center for Economic Psychology and Decision Sciences, ul. Jagiellońska 57/59, 03-301 Warsaw, PolandWarsaw University, Faculty of Psychology, Department of Cognitive Psychology, ul. Stawki 5/7, 00-183 Warsaw, PolandWarsaw School of Economics, Collegium of Economic Analysis, Department of Mathematics and Mathematical Economics, al. Niepodległości 162, 02-554 Warsaw, PolandThe aim of this paper is to check whether mathematical competences influence some manifestations of bounded rationality. A special example of bounded rationality called “framing effect” is dealt with to analyze empirically the thesis that mathematical competences and cognitive effort may reduce the framing effect. Two kinds of cognitive effort: probabilistic and deductive are analysed. Experiments were conducted using samples of Polish students, both mathematically and business oriented. As an example of a framing situation an example called “Asian disease”, (the first analyzed and the most popular example of the framing effect), is considered. The thesis that a mathematical background may diminish the occurrence of the framing effect was partly confirmed.https://doi.org/10.18559/ebr.2018.2.4bounded rationalityframing effectexperiment |
| spellingShingle | Kaczmarek Aleksander Przybyszewski Krzysztof Rutkowska Dorota Sosnowska Honorata The impact of mathematical competences and cognitive effort on the appearance of the framing effect Economics and Business Review bounded rationality framing effect experiment |
| title | The impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| title_full | The impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| title_fullStr | The impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| title_full_unstemmed | The impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| title_short | The impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| title_sort | impact of mathematical competences and cognitive effort on the appearance of the framing effect |
| topic | bounded rationality framing effect experiment |
| url | https://doi.org/10.18559/ebr.2018.2.4 |
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