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The Relationship Between Risk Propensity and Situational Framing in the Workplace

Hansell, Bryce W.
http://rave.ohiolink.edu/etdc/view?acc_num=xavier1421854300

Abstract Details

2014, Master of Arts (M.A.), Xavier University, Psychology.
Every decision we make has some degree of risk, and the way a situation is presented may impact the final decision. The purpose of this study was to examine the relationship between risk propensity and situational framing in a work setting. Risk propensity was measured using a General Risk Propensity scale developed by Hung, Tangpong, Li, and Li (2012). This was assessed in accord with participants’ framing confidence (as measured by the probability of selecting the “sure” response). Based on previous research on prospect theory (Kahneman & Tversky, 1979), it was hypothesized that the way a situation was framed (positively vs. negatively) would alter the decision made. Participants included 176 MTurk workers who were randomly assigned to the positive or negative frame condition. Results showed a significant moderation of the relationship between the probability of selecting the “sure” response and scores on the GRP scale by frame condition, such that the negative frame showed a stronger decrease in selecting the sure response than the positive frame. The findings of this study support prospect theory.
Morell Mullins, Ph.D. (Committee Chair)
Dalia Diab, Ph.D. (Committee Member)
Mark Nagy, Ph.D. (Committee Member)
71 p.
Psychology
risk propensity; framing; prospect theory; decision-making

Recommended Citations

Citations

  • Hansell, B. W. (2014). The Relationship Between Risk Propensity and Situational Framing in the Workplace [Master's thesis, Xavier University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=xavier1421854300

    APA Style (7th edition)

  • Hansell, Bryce. The Relationship Between Risk Propensity and Situational Framing in the Workplace. 2014. Xavier University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=xavier1421854300.

    MLA Style (8th edition)

  • Hansell, Bryce. "The Relationship Between Risk Propensity and Situational Framing in the Workplace." Master's thesis, Xavier University, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=xavier1421854300

    Chicago Manual of Style (17th edition)

xavier1421854300
314
© 2014, all rights reserved.
This open access ETD is published by Xavier University Psychology and OhioLINK.