Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 4 (18) Number 2 pp. 64-79

Aleksander Kaczmarek1, Krzysztof Przybyszewski2, Dorota Rutkowska3, Honorata Sosnowska4

1Copernicus Science Center, Warsaw, Poland
2
Kozminski University, Center for Economic Psychology and Decision Sciences, Warsaw, Poland
3
Warsaw University, Faculty of Psychology, Department of Cognitive Psychology, Warsaw, Poland.
4
Warsaw School of Economics, Collegium of Economic Analysis, Department of Mathematics and Mathematical Economics, Warsaw, Poland,

The impact of mathematical competences and cognitive effort on the appearance of the framing effect

Abstract:

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.
 

pub/2018_2_64.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume18/issue2/2018_2_64.pdf
Keywords: bounded rationality, framing effect, experiment.

DOI: 10.18559/ebr.2018.2.4

For citation:

MLA Kaczmarek, Aleksander, et al. "The impact of mathematical competences and cognitive effort on the appearance of the framing effect." Economics and Business Review EBR 18.2 (2018): 64-79. DOI: 10.18559/ebr.2018.2.4
APA Kaczmarek, A., Przybyszewski, K., Rutkowska, D., & Sosnowska, H. (2018). The impact of mathematical competences and cognitive effort on the appearance of the framing effect. Economics and Business Review EBR 18(2), 64-79 DOI: 10.18559/ebr.2018.2.4
ISO 690 KACZMAREK, Aleksander, et al. The impact of mathematical competences and cognitive effort on the appearance of the framing effect. Economics and Business Review EBR, 2018, 18.2: 64-79. DOI: 10.18559/ebr.2018.2.4