Risk and Rationality: The Effect of Mood and Decision Rules on Probability Weighting

Détails

ID Serval
serval:BIB_C1C62878A637
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Risk and Rationality: The Effect of Mood and Decision Rules on Probability Weighting
Périodique
Journal of Economic Behavior and Organization
Auteur(s)
Fehr-Duda H., Epper T., Bruhin A., Schubert R.
ISSN
0167-2681
Statut éditorial
Publié
Date de publication
04/2011
Peer-reviewed
Oui
Volume
78
Numéro
1-2
Pages
14-24
Langue
anglais
Résumé
Empirical research has shown that people tend to overweight small probabilities and underweight large probabilities when valuing risky prospects, but little is known about factors influencing the shape of the probability weighting curve. Based on a laboratory experiment with monetary incentives, we demonstrate that pre-existing good mood is significantly associated with women's probability weights: Women in a better than normal mood tend to weight probabilities relatively more optimistically. Many men, however, seem to be immunized against effects of incidental mood by applying a mechanical decision criterion such as maximization of expected value.
Mots-clé
probability weightingfunction, risk takingbehavior, incidental emotions, rationality, gender differences
Web of science
Création de la notice
10/09/2012 11:02
Dernière modification de la notice
03/03/2018 21:08
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