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This study aims to identify the potential irrationality in the personal investment decision-making habits of university students, as influenced by the framing effect, loss aversion, and related heuristics. Researchers conducted a cross-sectional study of 114 students (n = 102). Participants responded to a survey regarding their willingness to invest in certain hypothetical investment scenarios. Outcome was measured primarily using Likert scales and yes
o binomial options regarding the participant’s willingness to participate in a specific deal. The study was broken into three blocks, the first of which dealt with the framing effect and the subsequent two considered loss aversion. Of the data collected, there were multiple significant results found to support the framing effect and loss aversion. There was a significant difference between responses that were positively and negatively framed, and between varying upside potential in equivalent-risk scenarios. For block one, those participants who received the positive framing condition were more likely to invest in the master’s program than those who received the negative framing condition. For blocks two and three, the majority of participants exhibited loss averse behavior more extreme than the predicted amounts; closer to 4x the upside was required (rather than the predicted 2x) for the participants to participate in the deal. Although the results did replicate the framing effect and loss aversion, college students were more loss averse than was predicted.
o binomial options regarding the participant’s willingness to participate in a specific deal. The study was broken into three blocks, the first of which dealt with the framing effect and the subsequent two considered loss aversion. Of the data collected, there were multiple significant results found to support the framing effect and loss aversion. There was a significant difference between responses that were positively and negatively framed, and between varying upside potential in equivalent-risk scenarios. For block one, those participants who received the positive framing condition were more likely to invest in the master’s program than those who received the negative framing condition. For blocks two and three, the majority of participants exhibited loss averse behavior more extreme than the predicted amounts; closer to 4x the upside was required (rather than the predicted 2x) for the participants to participate in the deal. Although the results did replicate the framing effect and loss aversion, college students were more loss averse than was predicted.
ContributorsKlemish, Colby (Author) / Radway, Debra (Thesis director) / Arrfelt, Mathias (Committee member) / Goldinger, Stephen (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Psychology (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
A category is a set of entities associated by specific characteristics (features). These features can have different relations between one another, including correlations and causal connections. The purpose of this study was to examine how the relations between features would affect the inference of unknown features of new entities from a given set of features. Categories and their relations were learned in a Learning Phase, whereas features were inferred in Transfer and Selection Phases. Correct inference of feature was enhanced by correlation between the features given and the features inferred. It is less clear whether causal connections further enhanced correct inference of features over and above the effect of the correlation. Future research of this topic may benefit from utilizing more difficult tasks, repeating instructions, or manipulating the participants' understanding of the relation in ways other than administration of instructions.
ContributorsDoty, Andrew Emerson (Author) / Homa, Donald (Thesis director) / Presson, Clark (Committee member) / Goldinger, Stephen (Committee member) / Barrett, The Honors College (Contributor) / School of Historical, Philosophical and Religious Studies (Contributor) / Department of Psychology (Contributor)
Created2013-05
Description
Cross-situational word learning (CSWL) is a method of learning new words where an individual
is exposed to the word’s meaning in an ambiguous fashion throughout different contexts. Many
studies have been conducted using CSWL tasks on both children and adults. Most of these
studies look at single-label pairings, which is when one object is paired with one word. More
recently, research has also started to look at double-label pairings. Double-label pairings consist
of one object being paired with two words. No study to date has compared adult and children’s
performance in a double-label design. This study’s aim was to better understand how adults and
children compare in these tasks. The current study conducted two experiments to compare adult
and children’s performance in a CSWL task in either a single-label and double-label design.
Results showed that adults were successful in both conditions but performed better in the
single-label condition than the double-label condition. Children on the other hand were
unsuccessful in both conditions and did not demonstrate learning. Several reasons for these
findings are discussed. These results highlight the need for further research that directly
compares age groups in CSWL tasks and for further research into the area of multiple-label
pairings.
is exposed to the word’s meaning in an ambiguous fashion throughout different contexts. Many
studies have been conducted using CSWL tasks on both children and adults. Most of these
studies look at single-label pairings, which is when one object is paired with one word. More
recently, research has also started to look at double-label pairings. Double-label pairings consist
of one object being paired with two words. No study to date has compared adult and children’s
performance in a double-label design. This study’s aim was to better understand how adults and
children compare in these tasks. The current study conducted two experiments to compare adult
and children’s performance in a CSWL task in either a single-label and double-label design.
Results showed that adults were successful in both conditions but performed better in the
single-label condition than the double-label condition. Children on the other hand were
unsuccessful in both conditions and did not demonstrate learning. Several reasons for these
findings are discussed. These results highlight the need for further research that directly
compares age groups in CSWL tasks and for further research into the area of multiple-label
pairings.
ContributorsCorbin, Elaina Danielle (Author) / Benitez, Viridiana (Thesis director) / Goldinger, Stephen (Committee member) / Department of Psychology (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
This thesis project examines neuropsychological disorders with regards to facial recognition. It looks at the research significance as well as the regions of the brain involved in facial recognition. It reviews what these regions look like when they are healthy, and what they look like when they are impaired and their resulting function. In addition, the project looks at autism and schizophrenia which have as one their symptoms facial recognition disorder. As a result, the project dives into what goes on these patients which results in impaired facial recognition. The project also looks at the own-race bias, and how that relates to facial recognition. Finally, the project proposes an experimental proposal to identify the neural centers involved in facial recognition in patients with Alzheimer’s, drawing upon previous research on the subject. An actual experiment was not conducted due to the pandemic, but there is a section of expected results in the event that the experiment is run. The expected results are that patients with Alzheimer’s should have deficits in the N170 component, the N400 component, the hippocampus and a smaller region of the cortex involved with processing faces compared to healthy controls.
ContributorsSharma, Arjun (Author) / Goldinger, Stephen (Thesis director) / McClure, Samuel (Committee member) / Barrett, The Honors College (Contributor) / Department of Psychology (Contributor) / School of International Letters and Cultures (Contributor)
Created2022-05