Sleepiness, choice consistency, and risk preferences
Sleepiness, choice consistency, and risk preferences
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DOI:
10.1007/s11238-016-9559-7
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发表时间:
2017-01-01
影响因子:
0.8
通讯作者:
Petrie, Ragan
中科院分区:
文献类型:
--
作者:
Castillo, Marco;Dickinson, David L.;Petrie, Ragan
We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference (circadian matched) or at a non-preferred time (circadian mismatched) and choose allocations between two risky assets [using the Choi et al. (Am Econ Rev 27(5):1921-1938, 2007), design]. We find that choices of circadian matched and mismatched subject are statistically similar in terms of satisfying basic requirements for preference consistency. However, mismatched subjects tend to choose riskier asset bundles.