On the priming of risk preferences: The role of fear and general affect
On the priming of risk preferences: The role of fear and general affect
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DOI：
10.1016/j.joep.2018.12.011
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发表时间：
2019-12-01
影响因子：
3.5
通讯作者：
Tufano, Fabio
中科院分区：
文献类型：
--
作者：
Alempaki, Despoina;Starmer, Chris;Tufano, Fabio
启动是心理学中一个既定的工具，用于研究决策背后的认知过程的各个方面，并越来越多地应用于经济学。我们报告了一项系统性的尝试，在比专业人员和学生更多样化的人群中，测试启动效应对风险态度的重复性和普适性，当启动使用积极或负面经验时。我们进一步测试了恐惧作为反周期风险厌恶背后的因果机制。在对1900多名参与者进行的一系列实验中，我们无法发现启动对风险偏好的任何系统性影响。此外，我们的结果挑战了恐惧作为反周期风险厌恶机制的作用；我们发现了普遍情绪影响的证据，即参与者感觉越好，他们承担的风险就越大。
Priming is an established tool in psychology for investigating aspects of cognitive processes underlying decision making and is increasingly applied in economics. We report a systematic attempt to test the reproducibility and generalisability of priming effects on risk attitudes in a more diverse population than professionals and students, when priming using either a positive or a negative experience. We further test fear as the causal mechanism underlying countercyclical risk aversion. Across a series of experiments with a total sample of over 1900 participants, we are unable to find any systematic effect of priming on risk preferences. Moreover, our results challenge the role of fear as the mechanism underlying countercyclical risk aversion; we find evidence of an impact of general affect such that the better our participants feel, the more risk they take.