The Foreign Language Effect and Decision Making: Potential Impact on Data Gathered on Crowdsourcing Platforms Cover Image

Podejmowanie decyzji a efekt języka obcego: potencjalny wpływ na wyniki badań uzyskiwane na platformach crowdsourcingowych
The Foreign Language Effect and Decision Making: Potential Impact on Data Gathered on Crowdsourcing Platforms

Author(s): Rafał Muda
Subject(s): Economy, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: foreign language effect; decision making; crowdsourcing;efekt języka obcego; podejmowanie decyzji; crowdsourcing

Summary/Abstract: In this paper, issues connected with conducting research on crowdsourcing platforms which are specific types of research panels are described. The focus lays on advantages and disadvantages of mentioned platforms and revealing how to mitigate the impact of disadvantages on collected data. Moreover, the article depicts the influence of the foreign language effect (reduced presence of heuristic biases in the decision-making process when decision is made in the foreign language compared to the native language) on decision-making, which may be one of the threats connected with conducting experiments on crowdsourcing platforms. The last section is a description of author’s own study in domain of investment decisions. Results reveal that processing in a foreign language influences the decision. Namely, participants in a foreign language condition were not influenced by the status quo effect.

  • Issue Year: L/2016
  • Issue No: 3
  • Page Range: 151-159
  • Page Count: 9
  • Language: Polish
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