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A comment on The quiz Daniel Kahneman wants you to fail. Parent comment
- A 10% chance of losing (you don't get any money).
- A 10% chance of winning (you don't lose any money).
These two are options are in no way equivalent. In your version, you have:
- 10% chance of losing (you don't get $1,000).
- 10% chance of losing (you have to pay $1,000).
These situations are comparable and can be used to test the framing effect.
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- A 10% chance of losing (you don't get any money).
- A 10% chance of winning (you don't lose any money).
These two are options are in no way equivalent. In your version, you have:
- 10% chance of losing (you don't get $1,000).
- 10% chance of losing (you have to pay $1,000).
These situations are comparable and can be used to test the framing effect.