Previous experience often guides people's decision-making. How the corresponding consecutive outcomes in the gain-loss frame modulate feedback evaluation in dynamic situations remains unclear. In this study, we used event-related potentials (ERPs) with a Balloon Analogue Risk Task (BART) to investigate the effect of the consistency with previous feedback on current choices under the gain-loss frame and the neural mechanism by coding ERP signals evoked by consecutive outcomes among adults (N = 42). Results indicated that the framing effect on feedback-related negativity (FRN) amplitudes following current feedback in decision-making was insensitive to prior feedback. In contrast, the P300 amplitudes following two inconsistent consecutive rounds of feedback were greater than that following two consistent consecutive rounds of feedback in the gain frame, while this effect was absent in the loss frame, revealing a more significant valance-framing effect. These findings demonstrate that two inconsistent rounds of feedback enhance the framing effect, and suggest that the framing effect is sensitive to prior feedback in a late cognitive appraisal stage in decision-making under uncertainty, rather than in an early feedback processing stage. The present study provides novel insights into how consecutive outcomes in the gain-loss frame modulate feedback evaluation in dynamic situations.
Keywords: BART; Consecutive outcome evaluation; Consistency with previous feedback; ERP; Framing effect.
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