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IdTitleAuthorsAbstract▼PictureThematic fieldsRecommenderReviewersSubmission date
17 May 2022
STAGE 1
toto

Revisiting mental accounting classic paradigms: Replication of Thaler (1999) and an extension examining impulsivity

Mental accounting under the microscope

Recommended by ORCID_LOGO based on reviews by Barnabas Szaszi and Féidhlim McGowan
In recent years, the study of mental accounting – the thought processes by which people informally record, categorise, and evaluate the costs and benefits of their financial transactions – has been an active research area, drawing attention to a range of biases and distortions that deviate from optimal economic decision-making (Zhang & Sussman, 2018). Although the term “mental accounting” is a relatively recent construction (Thaler, 1999), it stems from a longer history of behavioural economic research on value functions, decision frames, risk-taking, and related concepts.
 
In the current study, Li and Feldman propose to replicate 17 influential mental accounting problems (or tasks) reviewed by Thaler (1999) in a large online sample. The authors also propose several extensions examining the effects of sunk costs and expenses framing. 
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/d6cjk
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Zhang, C. Y., & Sussman, A. B. (2018). Perspectives on mental accounting: An exploration of budgeting and investing. Financial Planning Review, 1, e1011. https://doi.org/10.1002/cfp2.1011
 
2. Thaler, R. H. (1999). Mental accounting matters. Journal of Behavioral Decision Making, 12, 183-206. https://doi.org/10.1002/(SICI)1099-0771(199909)12:3%3C183::AID-BDM318%3E3.0.CO;2-F
 
3. Li, M. & Feldman, G. (2022). Revisiting mental accounting classic paradigms: Replication of the problems reviewed in Thaler (1999), in principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/d6cjk
Revisiting mental accounting classic paradigms: Replication of Thaler (1999) and an extension examining impulsivityMengfei Li; Gilad Feldman <p>This is a scheduled PCI-RR snap shot for a planned project: "Revisiting mental accounting classic paradigms: Replication of Thaler (1999) and an extension examining impulsivity​"</p>Social sciencesChris Chambers2022-01-31 10:18:38 View
09 Jun 2022
STAGE 1
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Revisiting diversification bias and partition dependence: Replication and extensions of Fox, Ratner, and Lieb (2005) Studies 1, 2, and 5

Testing the replicability of diversification bias and partition dependence

Recommended by ORCID_LOGO based on reviews by Craig Fox and Leo Cohen
When offered a range of options and asked to make multiple selections, how do people choose? Over the last 30 years, a key finding to emerge from behavioural economics is that people distribute their choices more evenly than would be considered optimal – a phenomenon termed “diversification bias” or the “diversification heuristic” (Read & Loewenstein, 1995). For example, when filling a plate from a buffet, you might be inclined to choose a relatively even amount of everything on offer, even when you prefer some foods over others. Similarly, when allocating savings among different investment options, people are prone to spreading their money more evenly than would maximise utility.
 
In an influential study, Fox et al. (2005) found that diversification bias can be shaped by so-called “partition dependence” – the tendency to allocate resources differently across options depending on how they are subjectively grouped. Such groupings could be arbitrary; so, for example, to return to the buffet example, people might diversify across high-level categories such as cooked and uncooked, savoury and sweet, or surf and turf, and then diversify across the options within those categories. The nature of level of these subjective (and potentially arbitrary) categorisations can strongly influence the final allocation of resources. Diversification bias and partition dependence have important implications for basic theory in judgment and decision-making as well as applications in behavioral economics and finance.
 
In the current study, Li and Feldman (2022) propose to replicate Studies 1, 2 and 5 from Fox et al. (2002) in a large online sample. In particular, they plan to ask how partitioning influences the allocation of choices between options, and the extent to which partition dependence is reduced in people with greater relevant expertise. The authors also propose extending the original study to explore individual differences in the desire for choice diversity as predictors of partition dependence.
 
The Stage 1 manuscript was evaluated over one round of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/bx8vq
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
 
References
 
1. Read, D., & Loewenstein, G. (1995). Diversification bias: Explaining the discrepancy in variety seeking between combined and separated choices. Journal of Experimental Psychology: Applied, 1, 34-49. https://doi.org/10.1037/1076-898X.1.1.34
 
2. Fox, C. R., Ratner, R. K., & Lieb, D. S. (2005). How subjective grouping of options influences choice and allocation: Diversification bias and the phenomenon of partition dependence. Journal of Experimental Psychology: General, 134, 538-551. https://doi.org/10.1037/0096-3445.134.4.538
  
3. Li, M. Y. & Feldman, G. (2022). Revisiting diversification bias and partition dependence: 
Replication and extension of Fox, Ratner, and Lieb (2005) Studies 1, 2, and 5, in principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/bx8vq
Revisiting diversification bias and partition dependence: Replication and extensions of Fox, Ratner, and Lieb (2005) Studies 1, 2, and 5Mei Yee (Alice) Li, Gilad Feldman<p>This is a scheduled PCI-RR snap shot for a planned project: "Revisiting diversification bias and partition dependence: Replication and extensions of Fox, Ratner, and Lieb (2005) Studies 1, 2, and 5 ​"</p>Social sciencesChris Chambers Craig Fox, Leo Cohen2022-02-15 09:57:51 View
30 Jun 2022
STAGE 1
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Revisiting and updating the risk-benefits link: Replication of Fischhoff et al. (1978) with extensions examining pandemic related factors

Understanding the relationship between the perception of risks and benefits

Recommended by ORCID_LOGO based on reviews by Katherine Fox-Glassman, Bjørn Sætrevik, Richard Brown and Toby Wise
Everyday decisions involve weighing up many kinds of risks and benefits, prompting the question of how our perception of those risks relates to our perception of the associated benefits. Intuitively, we might assume that behaviours or practices that are judged by society as riskier would also be seen as carrying greater potential benefits, in keeping with the expression “high risk, high reward”. The psychology of risk perception, however, appears to be more complex. In a seminal study, Fischhoff et al. (1978) in fact found the opposite pattern: that perceived risk and perceived benefit were negatively correlated – behaviours or practices that were perceived to be higher risk tended to be perceived as carrying lower benefits. This counterintuitive finding has had a significant impact on the field of judgment and decision making, despite being subjected only rarely to close replication.
 
Using a large-scale online design, Frank and Feldman (2022) propose a replication that incorporates key elements of Fischhoff et al. (1978) as well as a recent replication by Fox-Glassman et al. (2016). In particular, the authors will reassess the strength and directionality of the relationship between perceived risks and perceived benefits, and how these relate to both risk characteristics and acceptable levels of risk. As part of a series of exploratory extensions, they will also examine the risk/benefit relationship for policies and practices related to the Covid-19 pandemic, including vaccinations, lockdowns, and social distancing.
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/bx93v
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Fischhoff, B., Slovic, P., Lichtenstein, S., Read, S., & Combs, B. (1978). How safe is safe enough? A psychometric study of attitudes towards technological risks and benefits. Policy Sciences, 9, 127-152. https://doi.org/10.1007/BF00143739 
 
2. Fox-Glassman, K. T. & Weber, E. U. (2016). What makes risk acceptable? Revisiting the 1978 psychological dimensions of perceptions of technological risks. Journal of Mathematical Psychology, 75, 157-169. https://doi.org/10.1016/j.jmp.2016.05.003
 
3. Frank, J. M. & Feldman, G. (2022). Revisiting and updating the risk-benefits link: Replication of Fischhoff et al. (1978) with extensions examining pandemic related factors, in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/bx93v
Revisiting and updating the risk-benefits link: Replication of Fischhoff et al. (1978) with extensions examining pandemic related factorsJason M. Frank, Gilad Feldman<p>This is a scheduled PCI-RR snap shot for a planned project: "Revisiting and updating the risk-benefits link: Replication of Fischhoff et al. (1978) with extensions examining pandemic related factors ​"</p>Social sciencesChris Chambers2022-02-15 09:21:15 View
16 Jun 2023
STAGE 1
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Licensing via credentials: Replication of Monin and Miller (2001) with extensions investigating the domain-specificity of moral credentials and the association between the credential effect and trait reputational concern

Revisiting moral licensing

Recommended by ORCID_LOGO based on reviews by Corey Cusimano, Marek Vranka, Štěpán Bahník and Ethan Meyers
Does being good free people up to be bad? A large literature in social psychology suggests that it might, with evidence that “moral licensing” gives people a perception that actions deemed morally questionable, or socially undesirable, will be tolerated more readily if they have demonstrated a past history of praiseworthy, moral behaviour. In a formative study, Monin and Miller (2001) reported that having a track record of moral credentials as being nonprejudiced (e.g. non-sexist or non-racist) increased the willingness of participants to later express a prejudiced attitude. For example, in their Study 2 they found that participants who built up their moral credit by selecting a Black woman in a hypothetical recruitment task were then more willing to then prefer a White man for a second job, compared to participants who did not have the opportunity to initially recommend a Black woman. These results have prompted a burgeoning literature on moral licensing, albeit one that is mixed and has been found to exhibit substantial publication bias.
 
In the current study, Xiao et al. (2023) propose a large online replication of Study 2 in Monin and Miller (2001), asking whether previous moral behaviours that furnish participants with moral credentials make them more likely to then engage in morally questionable behaviours. The authors will also extend earlier work by testing whether moral credentials license immoral behaviours more effectively in the same domain (e.g. within sex) than in a different domain (e.g. across sex and race), asking whether there is a negative relationship between expression of prejudice and trait reputational concern (fear of negative evaluation), and whether moral credentials attenuate any such observed relationship.
 
The Stage 1 manuscript was evaluated over three rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/uxgrk
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA.
 
List of eligible PCI RR-friendly journals:
 
 
References
 
1. Monin, B., & Miller, D. T. (2001). Moral credentials and the expression of prejudice. Journal of Personality and Social Psychology, 81, 33-43. https://psycnet.apa.org/doi/10.1037/0022-3514.81.1.33

2. Xiao, Q., Ching Li, L., Au, Y. L., Chung, W. T., Tan, S. N. & Feldman, G. (2023). Licensing via credentials: Replication of Monin and Miller (2001) with extensions investigating the domain-specificity of moral credentials and the association between the credential effect and trait reputational concern, in principle acceptance of Version 5 by Peer Community in Registered Reports. https://osf.io/uxgrk
Licensing via credentials: Replication of Monin and Miller (2001) with extensions investigating the domain-specificity of moral credentials and the association between the credential effect and trait reputational concernQinyu Xiao, Lok Ching Li, Ying Lam Au, Wing Tung Chung, See Ngueh Tan, Gilad Feldman<p>This is a scheduled PCI-RR snap shot for a planned project: "Licensing via credentials: Replications of Monin and Miller (2001) with extensions investigating the domain-specificity of moral credentials and associations with trait reputational c...Social sciencesChris Chambers Ethan Meyers, Marek Vranka, Štěpán Bahník2022-02-20 04:49:16 View
11 Jul 2023
STAGE 1
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Factors impacting effective altruism: Revisiting heuristics and biases in charity in a replication and extensions of Baron and Szymanska (2011)

Understanding biases and heuristics in charity donations

Recommended by ORCID_LOGO based on reviews by Amanda Geiser and Jonathan Berman
Decisions to give to charities are affected by numerous external and internal factors. Understanding the elements that influence donation decisions is of first-order importance for science and society. On the scientific side, understanding the determinants of charity giving contributes to the knowledge of altruistic behaviors in the presence of collective problems such as poverty, climate change, or animal welfare. On the social side, pointing out which factors affect donations can help increase pro-social behaviors and might facilitate collective actions in the case of public goods. 
 
Previous work identified multiple mechanisms affecting altruistic donations to charities (Bekkers and Weeping, 2011). Importantly, Baron and Szymanska (2011) collected empirical evidence suggesting that people prefer (i) their donations to be directly used for projects rather than organizational costs, (ii) when charities have low past costs, (iii) to diversity their donations into several NGOs, (iv) to favor charities that deal with close peers like nationals, and (v) to give voluntarily rather than through taxes. 
 
In the current study, Chan and Feldman seek to replicate the results of Baron and Szymanska (2011). They propose a close replication of the original study using a large sample of online participants (1,400 participants). In addition to the five mechanisms identified by the original study, they will further explore whether public donation increases contributions and whether individuals are more likely to donate when the charities’ overhead costs are paid for by other donors. 
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/gmswz
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA.
 
List of eligible PCI RR-friendly journals:
 
 
References
 
1. Baron, J. & Szymanska, E. (2011). Heuristics and Biases in Charity. In D. M. Oppenheimer & C. Y. Olivola (Eds.), The Science of Giving: Experimental Approaches to the Study of Charity (pp. 215–235). Psychology Press. 
 
2. Bekkers, R. & Wiepking, P. (2011). A Literature Review of Empirical Studies of Philanthropy. Nonprofit and Voluntary Sector Quarterly, 40, 924–973.
 
3. Chan, M. & Feldman, G. (2023). Factors impacting effective altruism: Revisiting heuristics and biases in charity in a replication and extensions Registered Report of Baron and Szymanska (2011), in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/gmswz
Factors impacting effective altruism: Revisiting heuristics and biases in charity in a replication and extensions of Baron and Szymanska (2011)Mannix CHAN, Gilad FELDMAN<p>This is a scheduled PCI-RR snap shot for a planned project: "Factors impacting effective altruism: Revisiting heuristics and biases in charity in a replication and extensions of Baron and Szymanska (2011)​​"</p>Social sciencesRomain Espinosa2023-02-28 13:19:52 View
25 Jun 2023
STAGE 1
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Reference points and decision-making: Impact of status quo and defaults in a conceptual replication and extensions Registered Report of Dinner et al. (2011)

Understanding the impact of status quo bias and the default effect on decision-making

Recommended by ORCID_LOGO based on reviews by Laurens van Gestel, Julia Nolte and Sylvain Chabé-Ferret
Everyday decisions can often be biased by how different options are presented and which choices were made previously, over and above whichever option is rationally preferable. Two such major biases in judgment and decision-masking are status quo bias and the default effect. The status quo bias reflects a tendency for people to choose an option that has already been implemented or represents the current state of affairs (for instance, choosing to remain with a current energy supplier rather than switching to a different one, even when the current supplier provides less value for money), while the default effect is a bias toward taking a course of action that would occur automatically in the absence of an active choice (such as the pre-selected energy supplier in questionnaire). Status quo bias and default effects can overlap or diverge: the status quo option will often be the same as the default, while on other occasions the default option in a choice set will be determined by other factors and differ from the option that was already implemented.
 
In the current study, Yam and Feldman (2023) propose a replication and extension of an influential study by Dinner et al. (2011) that purported to examine default effects but, arguably, actually studied its nearby cousin, status quo bias. Using a large online sample, the authors will independently test for the existence of both status quo bias and the default effect, before then asking whether (and if so how) status quo bias and default effects interact and how they are related to several potential explanatory variables, including perceived effort (which may be lower for the status quo or default) and endorsements (whether through direct recommendations or indirectly through perceived norms). The authors also build in additional manipulation checks and comprehension checks, in addition to exploratory analyses examining (among other variables), the political orientation of participants.
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/ep3jh
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA.
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Dinner, I., Johnson, E. J., Goldstein, D. G., & Liu, K. (2011). Partitioning default effects: Why people choose not to choose. Journal of Experimental Psychology: Applied, 17, 332– 341. https://doi.org/10.1037/a0024354

2. Yam, M. L. M.  & Feldman, G. (2023). Reference points and decision-making: Impact of status quo and defaults in a conceptual replication and extensions Registered Report of Dinner et al. (2011), in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/ep3jh
Reference points and decision-making: Impact of status quo and defaults in a conceptual replication and extensions Registered Report of Dinner et al. (2011)Monique Moon Ling YAM, Gilad Feldman <p>This is a scheduled PCI-RR snap shot for a planned project: "Default, status quo, and past behavior effects: Examining impact of reference points on decisions in a replication and extensions of Dinner et al. (2011)"</p>Social sciencesChris Chambers2023-02-02 06:02:29 View
23 Jan 2023
STAGE 1
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Comparing time versus money in sunk cost effects: Replication of Soman (2001)

Are sunk cost effects weaker for time than money?

Recommended by ORCID_LOGO based on reviews by Johanna Peetz, Christopher Olivola, David Ronayne, Johannes Leder and Dilip Soman
The sunk cost fallacy is a cognitive bias in which people persist with a decision that is no longer optimal because of previous resources they have invested (now considered to be spent or “sunk”). Most of us will have heard sunk costs reflected in the saying “throwing good money after bad”, but sunk costs can, in theory, occur more broadly, whether for money, time or any other resource-limited investment. The sunk cost effect for money has been widely studied and appears robust; in contrast, the sunk cost effect for time is more uncertain, and is potentially moderated by the age of respondents (and likely resource availability), the fact that time is irreplaceable, and the tendency for people to account for time less easily than they do for money. In an impactful study, Soman (2001) found that the sunk cost effect for time was indeed weaker than for money, although this finding has not been widely replicated.
 
In the current study, Petrov et al. (2023) propose a replication of three studies from Soman (2001), asking whether sunk costs are weaker for time than for money, and then testing whether the relative absence of a sunk time cost arises from the inability of participants to account for time or due to more rational beliefs in the evaluation of past time investments.
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/65htv
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Soman, D. (2001). The mental accounting of sunk time costs: Why time is not like money. Journal of Behavioral Decision Making,14, 169-185. https://doi.org/10.1002/bdm.370
 
2. Petrov, N. B., Chan, Y. K., Lau, C. N., Kwok, T. H., Chow, L. C., Lo, W. Y. V, Song W., & Feldman, G. (2023). Sunk cost effects for time versus money: Replication of Soman (2001) [Registered Report Stage 1], in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/u34zb
Comparing time versus money in sunk cost effects: Replication of Soman (2001) Nikolay Petrov, Wenkai Song, Yin Kan (Megan) CHAN, Cheuk Nam (Chris) LAU, Tin Ho (Donald) KWOK, Lok Ching (Estelle) CHOW, Wai Yan (Vivian) LO, Gilad Feldman (gfeldman@hku.hk)<p>This is a scheduled PCI-RR snap shot for a planned project: "Comparing time versus money in sunk cost effects: Replication of Soman (2001) ​"</p>Social sciencesChris Chambers2022-02-23 10:39:42 View
13 Jun 2022
STAGE 1
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Associations of fear, anger, happiness, and hope with risk judgments: Revisiting appraisal-tendency framework with a replication and extensions of Lerner and Keltner (2001)

Replicating the relationship between emotions and judgments of risk

Recommended by ORCID_LOGO based on reviews by Kelly Wolfe, Max Primbs, Agata Sobków and Karolina Scigala
How do emotions interact with cognition? The last 40 years has witnessed the rise of cognitive-appraisal theories, which propose that emotions can be differentiated along an axis of cognitive dimensions such as certainty, pleasantness, attentional activity, control, anticipated effort, and responsibility (Smith and Ellsworth, 1985). Early tests of such theories focused especially on the impact of the valence – pleasantness/unpleasantness – of emotions on judgment and decision-making, finding, for instance, that negative mood induction can heighten pessimistic estimates of risk (Johnson & Tversky, 1983).
 
The Appraisal-Tendency Framework proposed by Lerner and Keltner (2000) refined cognitive-appraisal theory by proposing that specific emotions trigger a predisposition to appraise future (or hypothetical) events in line with the central appraisal dimensions that triggered the emotion, even when the emotion and the judgment are unrelated. For example, an individual who is triggered to become fearful of a heightened risk, such as nuclear war, may then exhibit heightened pessimism about risks unrelated to war. The Appraisal-Tendency Framework also predicts relationships between traits, such as between fear, anger and risk-taking/risk-seeking tendencies. In an influential paper, Lerner and Keltner (2001) reported direct empirical support for the Appraisal-Tendency Framework, which aside from its influence in cognitive/affective psychology has had considerable impact in behavioural economics, moral psychology, and studies of consumer behaviour.
 
In the current study, Lu and Feldman (2022) propose to replicate three key studies from Lerner and Keltner (2001) in a large online sample. Through a combination of replication and extension, the authors will probe the relationship between various trait emotions (including fear, anger, happiness, and hope) and trait characteristics of risk seeking and optimistic risk assessment. The authors also propose examining how the ambiguity of triggering events moderates the relationship between specific emotions and risk judgments. 
 
The Stage 1 manuscript was evaluated over two rounds of in-depth review. Based on detailed responses to the reviewers' comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance (IPA).
 
URL to the preregistered Stage 1 protocol: https://osf.io/8yu2x
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Smith, C. A., & Ellsworth, P. C. (1985). Patterns of cognitive appraisal in emotion. Journal of Personality and Social Psychology, 48, 813-838. https://doi.org/10.1037/0022-3514.48.4.813
 
2. Johnson, E. J., & Tversky, A. (1983). Affect, generalization, and the perception of risk. Journal of Personality and Social Psychology, 45(1), 20–31. https://doi.org/10.1037/0022-3514.45.1.20
 
3. Lerner, J. S., & Keltner, D. (2000). Beyond valence: Toward a model of emotion-specific influences on judgment and choice. Cognition & Emotion, 14, 473-493. https://doi.org/10.1080/026999300402763 
 
4. Lerner, J. S., & Keltner, D. (2001). Fear, anger, and risk. Journal of Personality and Social Psychology, 81, 146–159. https://doi.org/10.1037/0022-3514.81.1.146
  
5. Lu, S. & Feldman, G. (2022). Associations of fear, anger, happiness, and hope with risk judgments: Revisiting appraisal-tendency framework with a replication and extensions of Lerner and Keltner (2001), in principle acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/8yu2x
Associations of fear, anger, happiness, and hope with risk judgments: Revisiting appraisal-tendency framework with a replication and extensions of Lerner and Keltner (2001)Sirui Lu; Gilad Feldman<p>This is a scheduled PCI-RR snap shot for a planned project: "Associations of fear, anger, happiness, and hope with risk judgments: &nbsp;Revisiting appraisal-tendency framework with a replication and extensions of Lerner and Keltner (2001)​"</p>Social sciencesChris Chambers2022-01-31 09:36:29 View
21 May 2023
STAGE 2
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Sunk cost effects for time versus money: Replication and extensions Registered Report of Soman (2001)

Mixed evidence for the hypothesis that sunk cost effects are weaker for time than money

Recommended by ORCID_LOGO based on reviews by Christopher Olivola and Dilip Soman
The sunk cost fallacy is a cognitive bias in which people persist with a decision that is no longer optimal because of previous resources they have invested (now considered to be spent or “sunk”). Most of us will have heard sunk costs reflected in the saying “throwing good money after bad”, but sunk costs can, in theory, occur more broadly, whether for money, time or any other resource-limited investment. The sunk cost effect for money has been widely studied and appears robust; in contrast, the sunk cost effect for time is more uncertain, and is potentially moderated by the age of respondents (and likely resource availability), the fact that time is irreplaceable, and the tendency for people to account for time less easily than they do for money. In an impactful study, Soman (2001) found that the sunk cost effect for time was indeed weaker than for money, although this finding has not been widely replicated.
 
In the current study, Petrov et al. (2023) replicated three studies (1, 2 and 5) from Soman (2001), asking whether sunk costs are weaker for time than for money, and then testing whether the relative absence of a sunk time cost arises from the inability of participants to account for time or due to more rational beliefs in the evaluation of past time investments.
 
Results provided mixed support for the original findings. Consistent with Soman (2001), the sunk cost effect for money was reliably stronger than for time in Study 1; however, sunk costs for both money and time were comparable in Study 2 (and if anything, slightly stronger for time). The indirect replication of Study 5 from Soman (2001) found that the sunk cost effect for time was not significantly influenced by accounting for time, either using education or by highlighting opportunity costs. Robustness checks confirmed the main preregistered outcomes while also ruling out a range of potential alternative explanations. Overall, the results suggest that that sunk cost effects for time are more context-dependent and empirically volatile than sunk costs for money.
 
URL to the preregistered Stage 1 protocol: https://osf.io/65htv
 
Level of bias control achieved: Level 6. No part of the data or evidence that was used to answer the research question was generated until after IPA. 
 
List of eligible PCI RR-friendly journals:
 
References
 
1. Soman, D. (2001). The mental accounting of sunk time costs: Why time is not like money. Journal of Behavioral Decision Making,14, 169-185. https://doi.org/10.1002/bdm.370
 
2. Petrov, N. B., Chan, Y. K., Lau, C. N., Kwok, T. H., Chow, L. C., Lo, W. Y. V, Song W., & Feldman, G. (2023). Sunk cost effects for time versus money: Replication and extensions Registered Report of Soman (2001), acceptance of Version 3 by Peer Community in Registered Reports. https://osf.io/q9s6p
Sunk cost effects for time versus money: Replication and extensions Registered Report of Soman (2001)Nikolay PETROV, Yin Kan (Megan) CHAN, Cheuk Nam (Chris) LAU, Tin Ho (Donald) KWOK, Lok Ching (Estelle) CHOW, Wai Yan (Vivian) LO, Wenkai SONG, Gilad FELDMAN<p>The sunk cost effect is the tendency for an individual's decision-making to be impacted by unrecoverable previous investments of resources. Soman (2001) found that sunk cost effect is weaker for time than for money (Studies 1 and 2) and that th...Social sciencesChris Chambers2023-04-18 20:57:24 View
21 Apr 2024
STAGE 1
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Mechanisms of secularization: Testing between three causal pathways

Understanding links between secularization, rationalisation and insecurity

Recommended by ORCID_LOGO based on reviews by Chris Chambers and 1 anonymous reviewer
What relationship can be expected between secularization, rationalisation and insecurity? While some authors argue that rationalisation reduces the willingness to belong to religious groups, others have suggested that insecurity increases this need to belong to religious groups.
 
In the current study, Lang and Chvaja (2024) will adjudicate between these two possibilities using an economics game in participants from two countries: US and Poland. The central question posed by the authors is whether cooperative insecurity increases the probability of joining a religious normative group. They will test the relationship between an environment (secure and insecure) and institution (which related to the norm context: religious and secular) on the probability of choosing the normative group in an experimental setting. Therefore, the study will be a quantitative analysis.
 
The authors included an adequate power analysis, alternatives for non-supported hypotheses, and filtering to ensure a high quality of data collection. They also undertook a pilot study to ensure the quality of the procedure and sensitivity of the analyses.
 
The Stage 1 manuscript was evaluated over one round of in-depth review. Based on ​detailed responses to reviewers’ and the recommender’s comments, the recommender judged that the manuscript met the Stage 1 criteria and therefore awarded in-principle acceptance.​​​
 
URL to the preregistered Stage 1 protocol: https://osf.io/yzgek
 
Level of bias control achieved: Level 6. No part of the data or evidence that will be used to answer the research question yet exists and no part will be generated until after IPA.
 
List of eligible PCI RR-friendly journals:
 
 
References
 
1.Lang, M. & Chvaja, R. (2024). Mechanisms of secularization: Testing between the rationalization and existential insecurity theories. In principle acceptance of Version 2 by Peer Community in Registered Reports. https://osf.io/yzgek
Mechanisms of secularization: Testing between three causal pathwaysMartin Lang, Radim Chvaja<p>The study tests two competing explanations of the secularization process related to rationalizing worldviews and decreasing existential insecurity. While the former explanation argues that people are unwilling to join religious groups because o...Social sciencesAdrien Fillon2023-11-22 11:17:30 View