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Journal of Behavioral Decision Making (2004), 17: 116. Reframing of Risky Choice X.T. Wang Psychology Department, University of South Dakota, ABSTRACT Previous research on framing effects has largely
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How to fill out self-framing of risky choice

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Start by gathering all the necessary information about the risky choice you need to evaluate.
02
Define the potential outcomes and their probabilities. It's important to be as precise as possible in this step.
03
Identify your own preferences and risk attitudes. Think about how risk-averse or risk-seeking you are in general.
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Use the self-framing technique to structure the decision problem in different ways.
05
Analyze each framing separately and evaluate the expected utilities or values for each option.
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Compare the results and examine how your preferences change depending on the different framings.
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Consider the trade-offs and make a decision based on your preferences and the insights gained from the self-framing exercise.
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Remember to review and revise your decision if necessary, taking into account any new information or insights obtained during the process.

Who needs self-framing of risky choice?

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Anyone who faces a decision involving risky choices can benefit from self-framing of risky choice.
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It can be particularly useful for individuals in situations where the decision outcome has significant consequences or when there is uncertainty in the probabilities of outcomes.
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Professionals in fields such as finance, investment, and strategic planning can also benefit from using self-framing techniques to make informed decisions.

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Self-framing of risky choice is the process of assessing and acknowledging the potential risks associated with a decision or action.
Anyone involved in a decision-making process where there are potential risks involved is required to file self-framing of risky choice.
To fill out self-framing of risky choice, one must identify the potential risks, assess the likelihood of each risk occurring, and determine the potential impact of each risk.
The purpose of self-framing of risky choice is to ensure that decision-makers are aware of and understand the potential risks involved in their choices, allowing them to make more informed decisions.
The information reported on self-framing of risky choice should include a description of the decision or action, the identified risks, the likelihood of each risk occurring, and the potential impact of each risk.
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