How to make a risk seem riskier: The ratio bias versus construal level theory
Carissa Bonner and
Ben R. Newell
Judgment and Decision Making, 2008, vol. 3, issue 5, 411-416
Abstract:
Which statement conveys greater risk: “100 people die from cancer every day” or “36,500 people die from cancer every year”? In statistics where both frequencies and temporal information are used to convey risk, two theories predict opposite answers to this question. Construal level theory predicts that “100 people die from cancer every day” will be judged as more risky, while the ratio bias predicts that the equivalent “36,500 people die from cancer every year” will result in higher risk judgments. An experiment investigated which format produces higher risk ratings, and whether ratings are influenced by increasing the salience of the numerical or temporal part of the statistic. Forty-eight participants were randomly assigned to a numerical, temporal or control salience condition, and rated risk framed as number of deaths per day or per year. The year format was found to result in higher perceived risk, indicating that the ratio bias effect is dominant, but there was no effect of salience.
Date: 2008
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cup:judgdm:v:3:y:2008:i:5:p:411-416_6
Access Statistics for this article
More articles in Judgment and Decision Making from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().