The framing effect and risky decisions: Examining cognitive functions with fMRI

Journal of Economic Psychology

Volumn 26, Issue 1, 2005, Pages 1-20

  Gonzalez, Cleotilde ^a   Dana, Jason ^a   Koshino, Hideya ^b   Just, Marcel ^a  

^a CARNEGIE MELLON UNIVERSITY   (United States)

^b CALIFORNIA STATE UNIVERSITY   (United States)

Author keywords

Decision making; fMRI; Framing effect; Risk

Indexed keywords

EID: 10344249478     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.joep.2004.08.004     Document Type: Article

References (35)

1. P.A. Bandettini E.C. Wong R.S. Hinks R.S. Tokofsky J.S. Hyde Time course EPI of human brain functions during task activation Magnetic Resonance 25 1992 390-397
2. A. Bechara H. Damasio A. Damasio Emotion, decision making and the orbitofrontal cortex Cerebral Cortex 10 3 2000 295-307
3. A. Bechara H. Damasio D. Tranel A. Damasio Deciding advantageously before knowing the advantageous strategy Science 275 1997 1293-1294
4. H.C. Breiter I. Aharon D. Kahneman A. Dale P. Shizgal Functional imaging of neural responses to expectancy and experience of monetary gains and losses Neuron 30 2001 619-639
5. V.S. Caviness Jr. D.N. Kennedy J.F. Bates N. Makris The developing human: A morphometric profile In: R.W. Thatcher G.R. Lyon (Eds.), Developmental neuroimaging: Mapping the development of brain and behavior Vol. xv 1996 Academic Press, Inc San Diego 3-14
6. M.R. Delgado L.E. Nystrom C. Fissel D.C. Noll J.A. Fiez Tracking the hemodynamic responses to reward and punishment in the striatum The American Physiological Society 2000 3072-3077
7. Eddy, W.F., Fitzgerald, M., Genovese, C.R., Mockus, A., & Noll, D.C. (1996). Functional imaging analysis software-computational olio a prat. Paper presented at the Computational Statistics, Heidelberg
8. R. Elliott K.J. Friston R.J. Dolan Dissociable neural responses in human reward systems The Journal of Neuroscience 20 16 2000 6159-6165
9. R. Elliott G. Rees R.J. Dolan Ventromedial prefrontal cortex mediates guessing Neuropsychologia 37 1999 403-411
10. P.W. Glimcher Decisions, uncertainty and the brain: The science of neuroeconomics 2003 MIT Press Cambridge, MA
11. J.R. Gray Emotional modulation of cognitive control: Approach-withdrawal states double-dissociate spatial from verbal two-back task performance Journal of Experimental Psychology: General 130 2001 436-452
12. J.R. Gray Integration of emotion and cognitive control Current Directions in Psychological Science 13 2 2004 46-48
13. J.R. Gray T.S. Braver M.E. Raichle Integration of emotion and cognition in the lateral prefrontal cortex Proceedings of the National Academy of Sciences USA 99 2002 4115-4120
14. J.D. Greene R.B. Sommerville L.E. Nystrom J.M. Darley J.D. Cohen An fMRI investigation of emotional engagement in moral judgement Science 293 2001 2105-2108
15. M.A. Just P.A. Carpenter T.A. Keller L. Emery H. Zajac K.R. Thulborn Interdependence of nonoverlapping cortical systems in dual cognitive tasks Neuroimage 14 2001 417-426
16. D. Kahneman D. Miller Comparing reality to its alternatives Psychological Review 153 93 1986 136-153
17. D. Kahneman D. Miller Norm theory: Comparing reality to its alternatives Psychological Review 93 1986 136-153
18. D. Kahneman A. Tversky Prospect theory: An analysis of decision under risk Econometrica 47 2 1979 263-291
19. B. Knutson G.W. Fong C.M. Adams J.L. Varner D. Hommer Dissociation of reward anticipation and outcome with event-related fMRI NeuroReport 12 17 2001 3683-3687
20. S.M. Kosslyn L.M. Shin W.L. Thompson R.J. McNally S.L. Rauch R.K. Pitman Neural effects of visualizing and perceiving aversive stimuli: A PET investigation NeuroReport 7 1996 1569-1576
21. A. Kuhberger Theoretical conceptions of framing effects in risky decisions In: W.R. Crozier O. Svenson (Eds.), Decision making: Cognitive models and explanations 1997 Routledge London
22. A. Kuhberger A meta-analysis Organizational Behavior and Human Decision Processes 75 1 1998 23-55
23. I.P. Levin G.J. Gaeth J. Schreiber M. Lauriola A new look at framing effects: Distribution of effect sizes, individual differences, and independence of types of effects Organizational Behavior and Human Decision Processes 88 1 2002 411-429
24. L.L. Lopes Between hope and fear: The psychology of risk In: L. Berkowitz (Ed.), Advances in experimental social psychology Vol. 20 1987 Academic Press San Diego 255-295
25. A.J. Maule Framing elaborations and their effects on choice behavior: A comparison across problem isomorphs and subjects with different levels of expertise In: J.-P. Caverni M. Bar-Hillel (Eds.), Contributions to decision making Vol. x 1995 North-Holland/Elsevier Science Publishers Amsterdam, Netherlands 281-300
26. B. Mellers A. Schwartz I. Ritov Emotion-based choice Journal of Experimental Psychology: General 128 3 1999 332-345
27. S.D. Newman M.A. Just P.A. Carpenter The synchronization of the human cortical working memory network Neuroimage 15 2002 810-822
28. J. O'Doherty M.L. Kringelbach E.T. Rolls J. Hornak C. Andrews Abstract reward and punishment representations in the human orbitofrontal cortex Nature Neuroscience 4 1 2001 95-102
29. M.P. Paulus N. Hozack B. Zauscher J.E. McDowell L. Frank G.G. Brown Prefrontal, parietal, and temporal cortex networks underlie decision-making in the presence of uncertainty Neuroimage 2001 91-100
30. J.W. Payne J.R. Bettman E.J. Johnson The adaptive decision maker 1993 Cambridge University Press New York, NY
31. J. Rademacher A.M. Galaburda D.N. Kennedy P.A. Filipek V.S. Caviness Jr. Human cerebral cortex: Localization, parcellation, and morphonetry with magnetic resonance imaging Journal of Cognitive Neuroscience 4 1992 352-374
32. V.F. Reyna C.J. Brainerd Fuzzy-trace theory and framing effects in choice Journal of Behavioral Decision Making 4 1991 249-262
33. R.D. Rogers A.M. Owen H.C. Middleton E.J. Williams J.D. Pickard B.J. Sahakian Choosing between small, likely rewards and large, unlikely rewards activates inferior and orbital prefrontal cortex The Journal of Neuroscience 20 19 1999 9029-9038
34. A. Tversky D. Kahneman The framing of decisions and the psychology of choice Science 211 1981 453-458
35. J. Xiong S. Rao J.-H. Gao M. Woldor P.T. Fox Evaluation of hemispheric dominance for language using functional MRI: A comparison with positron emission tomography Human Brain Mapping 6 1998 42-58