Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284274 
Year of Publication: 
2022
Series/Report no.: 
CeDEx Discussion Paper Series No. 2022-16
Publisher: 
The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx), Nottingham
Abstract: 
Existing research has demonstrated carryover effects whereby emotions generated in one context influence decisions in other, unrelated ones. We examine the carryover effect in relation to valuations of risky and ambiguous lotteries with a novel focus on comparing the carryovers arising from a targeted stimulus (designed to elicit a specific emotion) with those arising from a naturalistic stimulus (expected to produce a more complex emotional response). We find carryover effects using both a standard targeted stimulus and a naturalistic one, but they are stronger for the naturalistic stimulus and in the context of ambiguity. These effects are also highly gender-specific with only males being susceptible. To probe the emotional foundations of behaviour, we conduct analysis relating individual self-reports of emotions to incentivised valuation behaviour. Our results cast doubt on the interpretation of some evidence purporting to establish links between specific incidental emotions and risk taking.
Subjects: 
Incidental emotions
Emotional carryover
Risk
Ambiguity
Naturalistic
Structural equation modelling
JEL: 
C91
D81
D91
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.