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Part 1: Document Description
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Citation |
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Title: |
Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions [Dataset] |
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Identification Number: |
doi:10.11588/data/10040 |
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Distributor: |
heiDATA |
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Date of Distribution: |
2015-03-02 |
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Version: |
2 |
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Bibliographic Citation: |
Trautmann, Stefan T.; Van de Kuilen, Gijs, 2015, "Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions [Dataset]", https://doi.org/10.11588/data/10040, heiDATA, V2 |
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Citation |
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Title: |
Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions [Dataset] |
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Identification Number: |
doi:10.11588/data/10040 |
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Authoring Entity: |
Trautmann, Stefan T. (Alfred-Weber-Institute of Economics) |
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Van de Kuilen, Gijs (Alfred-Weber-Institute of Economics) |
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Date of Production: |
2012 |
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Distributor: |
heiDATA |
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Distributor: |
HeiDATA: Heidelberg Research Data Repository |
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Access Authority: |
Stefan Trautmann |
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Date of Deposit: |
2015-02-27 |
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Holdings Information: |
https://doi.org/10.11588/data/10040 |
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Study Scope |
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Keywords: |
Social Sciences, risk, loss, psychological distance, agency |
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Topic Classification: |
2340, 3040, 3660 |
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Abstract: |
Attitudes toward risks are central to organizational decisions. These attitudes are commonly modeled by prospect theory. Construal level theory has been proposed as an alternative theory of risky choice, accounting for psychological distance deriving from temporal, spatial and social aspects of risk that are typical of agency situations. Unnoticed in the literature, the two theories make contradicting predictions. The current study investigates which theory provides a better description of risky decisions in the presence of temporal, spatial, and social factors. We find that the psychophysical effects modeled by prospect theory dominate the psychological distance effects of construal level theory. |
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Country: |
Netherlands |
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Kind of Data: |
behavioral experiment; laboratory |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Restrictions: |
We would like to make these data and instrcutions material freely available. People using the data should cite the data/publication. |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Trautmann, S. T. and G. van de Kuilen (2012). Prospect Theory or Construal Level Theory? Diminishing Sensitivity vs. Psychological Distance in Risky Decisions. Acta Psychologica 139, 254–260. |
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Identification Number: |
10.1016/j.actpsy.2011.08.006 |
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Bibliographic Citation: |
Trautmann, S. T. and G. van de Kuilen (2012). Prospect Theory or Construal Level Theory? Diminishing Sensitivity vs. Psychological Distance in Risky Decisions. Acta Psychologica 139, 254–260. |
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Label: |
dataset_TrautmannvdKuilen_2012actapsychologica.xlsx |
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Notes: |
application/octet-stream |
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instructions_experiment1.docx |
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instructions_experiment1.pdf |
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instructions_experiment2.docx |
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instructions_experiment2.pdf |
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instructions_experiment3.docx |
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instructions_experiment4.docx |
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(dutch) docx format |
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application/octet-stream |
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instructions_experiment4.pdf |
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application/pdf |