Risk Preferences and the Role of Emotions
Bibliographic Data
| ID | 9725704 |
|---|---|
| Authors | Anna Conte (0000-0002-9234-5705, University of Westminster), M Vittoria Levati (0000-0002-5416-3759, University of Verona), Chiara Nardi (0000-0003-3384-0615, Frankfurt School of Finance & Management) |
| Year | 2018 |
| Volume | 85 |
| Issue | 338 |
| Pages | 305-328 |
| Publication date | 2018-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12209 |
| OpenAlex | W2262529338 |
| Language | EN |
| Citations received | 7 |
| References cited | 64 |
There is a large volume of research showing that emotions have relevant effects on decision‐making. We contribute to this literature by experimentally investigating the impact of four specific emotional states—joviality, sadness, fear and anger—on risk attitudes. In order to do so, we fit two models of behaviour under risk: the expected utility model and the rank dependent expected utility model, assuming several functional forms of the weighting function. Our results indicate that all emotional states mitigate risk aversion. Furthermore, we show that there are some differences across gender and participants’ experience in laboratory experiments
Anger · Cognitive psychology · Econometrics · Economics · Expected utility hypothesis · Financial economics · Function (biology) · Mathematical economics · Order (exchange) · Rank (graph theory) · Risk aversion (psychology) · Sadness · Utility theory · Weighting · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Experimental Behavioral Economics Studies · Mathematics · Medicine · Psychology · Social Psychology
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The Probability Weighting Function
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Experimental practices in economics
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Chapter 113 Men, Women and Risk Aversion
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Experimental methods
Heart Strings and Purse Strings
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Z-Tree
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Individual Risk Attitudes
Effects of Fear and Anger on Perceived Risks of Terrorism
The role of emotions for moral judgments depends on the type of emotion and moral scenario
Stability of experimental and survey measures of risk, time, and social preferences
The influence of mood on the willingness to take financial risks
Emotion, Decision, and Risk
Investment, resolution of risk, and the role of affect
Relative effectiveness and validity of mood induction procedures
Incentives in Experiments
Lottery Choice
Fear, anger, and risk
Emotion elicitation using films
Gender Differences in Preferences
Mood and judgment
| Unique citing works | 7 |
|---|---|
| Citations per year | 1,75 |
| Citation span | 2022 - 2024 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 7 |