CRED at Society for Judgment and Decision Making November 21-24

Katherine Fox-Glassman and Raymond Crookes, CRED PhD students, will present at the Annual Judgment and Decision Making meeting November 21-24, 2014 in Long Beach, CA.

Raymond will give a poster presentation on November 21 titled “After the nudge: Effects of decision architecture on behavior spillover.” He will give an oral presentation on November 24 titled “Whether you are framed depends on how you ask (yourself): query theory and the asian disease problem.” This presentation will take place at 10:25 am in Salon C.

Katherine will give a presentation titled “Natural Hazards and Climate Change as Dread Risk” on Monday November 24t at 11:45 AM in Salon D.

Abstracts for the oral presentations appear below.

Session #9 Track II: Risk Perception & Insurance
Westin – Salon D – Monday 11:45am – 1:15pm
Natural Hazards and Climate Change as Dread Risk
Fox-Glassman, Katherine (Columbia University); Weber, Elke (Columbia University)
We update and expand upon Fischhoff et al.’s (1978) use of psychometric procedures to quantify perception of risk for common  technologies and activities. Study 1 replicates the 1978 methodology and results, showing how attitudes toward technologies and activities have shifted over time. Studies 2 & 3 apply this psychometric approach to perception of natural hazards and climate change, reducing to similar dread and unknown risk dimensions as in the original study. Study 4 shows that while nearly all natural hazards are considered more dread than technological risks, climate change is viewed as less dread than electric power or smoking.

Session #8 Track I: Framing
Westin – Salon C – Monday 9:45am – 11:15am
Whether You Are Framed Depends On How You Ask (Yourself): Query Theory and the Asian Disease Problem
Crookes, Raymond D. (Columbia University); Wall, Daniel (Columbia University); Johnson, Eric J. (Columbia University); Weber, Elke U. (Columbia University)
The Asian Disease problem is the canonical example of outcome framing effects in risky choice, yet little is known about the psychological processes giving rise to this phenomenon. In Studies 1 and 2, we demonstrate that, as predicted by query theory, framing of outcomes affects internal search patterns (i.e., query order for support for the safe vs. the risky option), and these patterns mediate the effect of frame on choice. In Study 3, we attenuate the effect of frame on choice by altering the order of queries. Results show how individuals can take steps to inoculate themselves against cognitive biases