THE IMPACT OF MATHEMATICAL COMPETENCES AND COGNITIVE EFFORT ON THE APPEARANCE OF THE FRAMING EFFECT Cover Image

THE IMPACT OF MATHEMATICAL COMPETENCES AND COGNITIVE EFFORT ON THE APPEARANCE OF THE FRAMING EFFECT
THE IMPACT OF MATHEMATICAL COMPETENCES AND COGNITIVE EFFORT ON THE APPEARANCE OF THE FRAMING EFFECT

Author(s): Aleksander Kaczmarek, Krzysztof Przybyszewski, Dorota Rutkowska, Honorata Sosnowska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu

Summary/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.

  • Issue Year: 4/2018
  • Issue No: 2
  • Page Range: 64-79
  • Page Count: 15
  • Language: English
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