Original title: Risk preferences under acute stress
Authors: Cingl, L. ; Cahlíková, Jana
Document type: Research reports
Year: 2013
Language: eng
Series: CERGE-EI discussion paper series, volume: 2013 - 222
Abstract: Many important decisions are made under stress and they often involve risky alternatives. There has been ample evidence that stress impairs decision making in cognitive as well as in affective domains, but still very little is known about whether individual attitudes to risk change with exposure to acute stress. To directly evaluate the causal effect of stress on risk attitudes, we adopt an experimental approach in which we randomly expose participants to a psychosocial stressor in the form of a standard laboratory stress-induction procedure: the Trier Social Stress Test for Groups. Risk preferences are elicited using an incentive compatible task, which has been previously shown to predict risk-oriented behavior out of the laboratory.
Keywords: cortisol; risk preferences; stress; Trier Social Stress Test for Groups

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0221181

Permalink: http://www.nusl.cz/ntk/nusl-154879


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