The study tested how different ways of presenting risk information affect investment decisions in Indonesia. They found that when risk information is presented positively, people tend to avoid risky investments. But when the information is negative, they focus on minimizing potential losses. This shows that how risk is framed can significantly impact investment choices. It's important for investors to be aware of this framing effect and work on reducing biases in decision-making. The study helps financial analysts better understand how to analyze risk reports.