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Construal level theory and risky decision making following near‐miss events.
- Source :
- Journal of Behavioral Decision Making; Jul2021, Vol. 34 Issue 3, p379-392, 14p, 1 Diagram, 6 Charts, 1 Graph
- Publication Year :
- 2021
-
Abstract
- Near‐miss events, which occur when failure is avoided by chance, can lead to subsequent risky decisions due to base‐rate neglect. According to construal level theory, a lower level construal increases the neglect of base rates by giving more weight to case‐specific information. In four studies, I empirically test the hypothesis that low‐level construals moderate evaluations and decisions following near‐miss events by increasing the reliance on case information. In Study 1, I find that a higher construal correlates with negative assessments of a project manager responsible for a near‐miss incident. In Study 2, I prime participants to have a high‐ or low‐level construal and find that the manager evaluations in the low construal group are higher than evaluations of those in the high construal group. In Study 3, I examine whether construal levels impact decision making in personal contexts regarding natural disasters and provide evidence for the underlying mechanism of base‐rate neglect. In Study 4, I show that the construal levels affect decision making given that near‐miss information extends to variations in the temporal distance to near‐miss information. Thus, I find support that construal levels systematically influence evaluations and decision making following near‐miss events. [ABSTRACT FROM AUTHOR]
- Subjects :
- DECISION making
PROJECT managers
NATURAL disasters
Subjects
Details
- Language :
- English
- ISSN :
- 08943257
- Volume :
- 34
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Behavioral Decision Making
- Publication Type :
- Academic Journal
- Accession number :
- 150671324
- Full Text :
- https://doi.org/10.1002/bdm.2216