Standard and non-standard framing effects: a unified rational interpretation based on the new definition of frame

Abstract While the classical or standard framing effect (SFE) has received considerable attention, prospect theory (PT) or cumulative prospect theory (CPT), which was previously considered capable of explaining it, fails to account for its risky decision-making mechanism. To address this, the likely...

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Bibliographic Details
Main Authors: Chunhao Li, Yuanhao Liu, Rongyuan Liu
Format: Article
Language:English
Published: Springer Nature 2025-08-01
Series:Humanities & Social Sciences Communications
Online Access:https://doi.org/10.1057/s41599-025-05604-2
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