Replication: Revisiting Tversky and Shafir’s (1992) Disjunction Effect with an extension comparing between and within subject designs
Autor: | Ignazio Ziano, Bo Ley Cheng, Sze Chai Wong, Hong Joo Kim, Chit Yu Liu, Man Fai Kong, Gilad Feldman |
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Rok vydání: | 2022 |
Předmět: |
Economics and Econometrics
Code (set theory) Sociology and Political Science 05 social sciences Within person Extension (predicate logic) 050105 experimental psychology Outcome (probability) Phenomenon 0502 economics and business Replication (statistics) 0501 psychology and cognitive sciences 050207 economics Mathematical economics Applied Psychology Mathematics |
DOI: | 10.17605/osf.io/gu58m |
Popis: | Does uncertainty about an outcome influence decisions? The sure-thing principle (Savage, 1954) posits that it should not, but Tversky and Shafir (1992) found that people regularly violate it in hypothetical gambling and vacation decisions, a phenomenon they termed “disjunction effect”. Very close replications and extensions of Tversky and Shafir (1992) were conducted in this paper (N = 890, MTurk). The target article demonstrated the effect using two paradigms in a between-subject design: here, an extension also testing a within-subject design, with design being randomly assigned was added. These results were consistent with the original findings for the “paying to know“ problem (original: Cramer’s V = 0.22, 95% (CI) [0.14, 0.32]; replication: Cramer’s V = 0.30, 95% CI [0.24, 0.37]), yet not for the “choice under risk” problem (original: Cramer’s V = 0.26, 95% CI [0.14, 0.39]; replication: Cramer’s V = 0.11, 95% CI [−0.07, 0.20]). The within-subject extension showed very similar results. Implications for the disjunction effect and judgment and decision-making theory are discussed, and a call for improvements on the statistical understanding of comparisons of between-subject and within-subject designs is introduced. All materials, data, and code are available on https://osf.io/gu58m/ . |
Databáze: | OpenAIRE |
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