Please wait a minute...
   2011, Vol. 19 Issue (12) : 1834-1841     DOI:
研究前沿 |
The Psychological Mechanism and Influential Factors of Omission Bias in Behavioral Decision Making
MA Xiang-Yang;XU Fu-Ming;WU Xiu-Liang;HUANG Bao-Zhen;HUANG Ya-Ling
(1 School of Psychology, Central China Normal University, and Hubei Human Development and Mental Health Key Laboratory, Wuhan 430079, China)
(2 Institute of Psychology, Chinese Academy of Sciences, Beijing 100101, China)
Download: PDF(159 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks    
Abstract  Omission bias described people`s tendency to favor the loss caused by omission rather than the same or less loss caused by commission. This phenomenon is universal in people`s daily decision-making behavior, especially in social public policy area. This paper introduces two psychological mechanism of the omission bias, namely, loss aversion and norm theory. Afterwards, we introduce influential factors of the omission bias, including protected value, the knowledge of outcomes, negative emotion, social roles and cultural values. Moreover, the deficiencies existing in current research are discussed and the directions for future research on omission bias are suggested.
Keywords omission bias      loss aversion      decision avoidance      protected value     
Corresponding Authors: XU Fu-Ming   
Issue Date: 15 December 2011
Service
E-mail this article
E-mail Alert
RSS
Articles by authors
MA Xiang-Yang
XU Fu-Ming
WU Xiu-Liang
HUANG Bao-Zhen
HUANG Ya-Ling
Cite this article:   
MA Xiang-Yang,XU Fu-Ming,WU Xiu-Liang, et al. The Psychological Mechanism and Influential Factors of Omission Bias in Behavioral Decision Making[J]. , 2011, 19(12): 1834-1841.
URL:  
http://journal.psych.ac.cn/xlkxjz/EN/     OR     http://journal.psych.ac.cn/xlkxjz/EN/Y2011/V19/I12/1834
[1] XU Fuming; SHI Yanwei; LI Ou; ZHANG Hui; LI Yan. Mechanisms and measures of the public’ sense of income unfairness: Dual viewpoint of reference dependence and loss aversion[J]. Advances in Psychological Science, 2016, 24(5): 665-675.
[2] LI Bin;XU Fuming;WANG Wei;ZHANG Hui;LUO Hanbing. The Origin of Loss Aversion[J]. Advances in Psychological Science, 2014, 22(8): 1319-1327.
[3] GAO Fei;ZHANG Weiwei;PAN Xiaofu. The Cognitive Mechanism and Influential Factors of Perception of Inflation[J]. Advances in Psychological Science, 2013, 21(1): 125-134.
[4] ZHANG Hong-Fei;XU Fu-Ming;LIU Teng-Fei;ZHANG Jun-Wei;JIANG Duo. Winner’s Curse: Psychological Mechanisms, Influencing Factors and Coping Strategies[J]. , 2011, 19(5): 664-672.
[5] HUANG Bao-Zhen;XU Fu-Ming;WANG-Lan;MA Xiang-Yang;WU Xiu-Liang. Default Effect in Behavioral Decision Making[J]. , 2011, 19(11): 1675-1683.
[6] LIU Teng-Fei;XU Fu-Ming;ZHANG Jun-Wei;JIANG Duo;CHEN Xue-Ling. Status Quo Bias with A Focus on Psychological Mechanisms, Its Influential Factors and Application Inspirations[J]. , 2010, 18(10): 1636-1643.
[7] LIU Teng-FEI; XU Fu-Ming; ZHANG Jun-Wei; JIANG Duo; CHEN Xue-Ling. The Psychological Mechanism and Influential Factors of Endowment Effect[J]. , 2010, 18(04): 646-654.
[8] LIU Huan;LIANG Zhu-Yuan;LI Shu. Loss Aversion in Behavior Economics[J]. , 2009, 17(04): 788-794.
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed   
Copyright © Advances in Psychological Science
Support by Beijing Magtech