Memory Reflected in Our Decisions: Working Memory and Risky Choice Framing

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Jonathan Charles Corbin (Creator)
Institution
Appalachian State University (ASU )
Web Site: http://www.library.appstate.edu/
Advisor
G. Todd McElroy

Abstract: The current study looks at the role working memory plays in risky-choice framing. Eighty-six participants took the Automatic OSPAN, a measurement of working memory; this was followed by a risky-choice framing task. Results show that participants with high working memory capacities demonstrate well-pronounced framing effects, whereas those with low working memory capacities do not. This pattern suggests that, in a typical risky-choice decision task, individuals with high working memory capacity are especially likely to be influenced by contextual factors, such as the frame, and consequently demonstrate stronger framing effects.

Additional Information

Publication
Thesis
Corbin, J.C. (2010). Memory Reflected in Our Decisions: Working Memory and Risky Choice Framing. Unpublished master's thesis. Appalachian State University, Boone, NC
Language: English
Date: 2010
Keywords
Framing, Working Memory Capacity, Fuzzy Trace Theory, Prospect Theory