Social and Behavioral Sciences Commons^™

Examining The Effects Of Framing On Probability Discounting, Owen M. Chevalier

Undergraduate Honours Theses

Probability discounting is the process by which people choose a smaller, more-likely reward instead of a larger, less-likely reward (McKerchar & Renda, 2012). While this phenomenon has been well documented, very few studies have tested discounting experimentally using real money. The present experiment was designed to remedy this by replicating a study by Weatherly and Derenne (2013) which showed that undergraduate students discounted money they believed they had won more than money they believed they were owed. 27 undergraduate students were asked to either complete a simple cognitive task or roll a die. The participants in the owed condition were …