I’m feeling lucky: the relationship between affect and risk-seeking in the framing effect

Author: Cheung, E.; Mikels, J.A.

Description: Engagement in risky behavior has traditionally been attributed to an underestimation of the associated risks, but recent perspectives suggest that affective reactions toward a risky option may better explain risk-seeking than risk perception. However, the precise relationship between emotion and risk-seeking remains unclear. The current set of studies elucidates the relationship between emotion and risk-seeking in risky choice framing, using a gambling task. In Study 1, reliance on emotion was related to risk-seeking, but goals to regulate emotion mitigated these effects. In Study 2, positive affect was associated with risk-seeking in loss frames, but unrelated to risk aversion in gain frames. Collectively, these findings indicate a general role for emotion reliance on risk-seeking and a specific role of positive affect on risk-seeking in the loss trials of the framing effect.

Subject Headings: Adolescent; Affect; Decision Making; Female; Gambling/psychology; Humans; Male; Risk-Taking; Young Adult

Keywords: I’m feeling lucky: the relationship between affect and risk-seeking in the framing effect

Publication year: 2011

Journal or book title: Emotion (Washington, D.C.)

Volume: 11

Issue: 4

Pages: 852-859

Find the full text : https://psycnet.apa.org/record/2011-08406-001

Find more like this one (cited by): https://scholar.google.com/scholar?cites=1360309003831696381&as_sdt=1000005&sciodt=0,16&hl=en

Type: Journal Article

Serial number: 2470