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Time is Money?the Impact of Time Pressure and Monetary Reward Amplitude on Risk Decision-making Among College Students

Baixia Cui

Abstract


Money and time have many similar properties,but there is little research comparing whether the two play a consistent role in framing eff ects.Based on this,this study explored the eff ects of time pressure and monetary reward amplitude on risk decision-making through two experiments.The results showed that time pressure and reward amplitude enhanced the framing eff ect.In the loss framework,individuals have a higher preference for decision-making risk under time pressure compared to those without time pressure;In the benefi t framework,individuals have lower decision-making risk preferences when the reward amplitude is large compared to those with smaller reward amplitudes.

Keywords


Risk Decision-making;Framework Effect;Time Pressure; Reward Amplitude

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References


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DOI: http://dx.doi.org/10.18686/ahe.v7i18.9113

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