| Title: |
Sadder but wiser: The effects of emotional states on ambiguity attitudes |
| Authors: |
Baillon, Aurelien; Koellinger, PD; Treffers, T |
| Source: |
Baillon, A, Koellinger, PD & Treffers, T 2016, 'Sadder but wiser: The effects of emotional states on ambiguity attitudes', Journal of Economic Psychology, vol. 53, no. April, pp. 67-82. https://doi.org/10.1016/j.joep.2015.12.008 |
| Publication Year: |
2016 |
| Description: |
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies emotions as a transient cause of ambiguity attitudes. We conducted two random-assignment, incentive-compatible laboratory experiments, varying subjects’ emotional states. We find that sadness induces choices that are closer to ambiguity-neutral attitudes compared with the joy, fear, and control groups, where decision makers deviate more from payoff-maximizing behavior. |
| Document Type: |
article in journal/newspaper |
| File Description: |
application/pdf |
| Language: |
English |
| ISSN: |
0167-4870 |
| Relation: |
info:eu-repo/semantics/altIdentifier/pissn/0167-4870 |
| DOI: |
10.1016/j.joep.2015.12.008 |
| Availability: |
https://pure.eur.nl/en/publications/94f830be-2a91-4cd3-ac55-b6ae873c80d1; https://doi.org/10.1016/j.joep.2015.12.008; https://pure.eur.nl/ws/files/47692620/Repub-91968.pdf |
| Rights: |
info:eu-repo/semantics/openAccess ; https://www.eur.nl/en/library/media/2024-12-researchoutputsundertaverne-backgroundandtermsofusev2 |
| Accession Number: |
edsbas.69E3BECF |
| Database: |
BASE |