The role of psychological and physiological factors in decision making under risk and in a dilemma

Fooken, Jonas & Schaffner, Markus (2013) The role of psychological and physiological factors in decision making under risk and in a dilemma. In Botticini, Maristella, Abbring, Jaap, & Biais, Bruno (Eds.) Proceedings of EEA-ESEM2013, Gothenburg, Sweden, pp. 1-31.

View at publisher (open access)

Abstract

We study the difference in the result of two different risk elicitation methods by linking estimates of risk attitudes to gender, age, personality traits, a decision in a dilemma situation, and physiological states measured by heart rate variability (HRV). Our results indicate that differences between the methods can partly be explained by gender, but not by personality traits. Furthermore, HRV is linked to risktaking in the experiment for at least one of the methods, indicating that more stressed individuals display more risk aversion. Finally, we and that risk attitudes are not predictive of the ability to decide in a dilemma, but personality traits are. Surprisingly, there is also no apparent relationship between the physiological state during the dilemma situation and the ability to make a decision.

Impact and interest:

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

138 since deposited on 10 Dec 2013
14 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 62808
Item Type: Conference Paper
Refereed: Yes
Additional URLs:
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2013 [please consult the author]
Deposited On: 10 Dec 2013 22:51
Last Modified: 30 Mar 2014 07:09

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page