Past research suggests that people with different thinking styles show different cognitive processes. Accordingly, we test how thinking style and advice jointly affect investment decision. We conduct three experiments with 530 participants. In Study 1, coin, card and stamp investors who had high levels of holistic thinking and made decisions on their own obtained the lowest returns. In Study 2, participants who used analytic thinking to make decisions on their own in the Balloon Analog Risk Task (BART) earned the most. In Study 3, Westerners who made decisions on their own using analytic thinking had the highest incomes, while Easterners using holistic thinking and listening to others also had positive returns. The results support the framing effect in investment decisions, and the two simulation paradigms are presented for future studies and to confirm the impacts of thinking styles.

过去的研究表明，具有不同思维方式的人表现出不同的认知过程。因此，我们测试了思维方式和建议如何共同影响投资决策。我们进行了三个实验，有 530 名参与者。在研究 1 中，具有高水平整体思维并自行决策的硬币、卡片和邮票投资者获得的回报最低。在研究 2 中，在气球模拟风险任务 (BART) 中使用分析思维自行做出决策的参与者获得的收益最多。在研究 3 中，使用分析思维自行决策的西方人收入最高，而使用整体思维和倾听他人意见的东方人也有正回报。结果支持投资决策中的框架效应，