Show simple item record

2016-03-03Buch DOI: 10.18452/4622
Cognitive Load IncreasesRisk Aversion
dc.contributor.authorGerhardt, Holger
dc.contributor.authorBiele, Guido P.
dc.contributor.authorHeekeren, Hauke R.
dc.contributor.authorUhlig, Harald
dc.date.accessioned2017-06-16T01:23:33Z
dc.date.available2017-06-16T01:23:33Z
dc.date.created2017-02-03
dc.date.issued2016-03-03
dc.date.submitted2016-03-03
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5274
dc.description.abstractWe investigate how stable individuals’ risk attitudes are with respect to changes in cognitive load. In a laboratory experiment using pairwise lottery choice and a within-subject design, we showthat putting subjects under load via a concurrent working-memory task significantly increases their risk aversion. Subjects made significantly faster choices under load. Regardless of load, they responded faster when choosing the less risky option in safe–risky trials, but not in risky–risky trials. We discuss how these findings relate to both dual-system and unitarysystem theories of decision making.We observe that predictions of both recent dual-system and drift–diffusion models of the decision-making process are confirmed by our data and argue for a convergence of these to-date separate strands of the literature.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectworking memoryeng
dc.subjectRisk aversioneng
dc.subjectcognitive loadeng
dc.subjectdual-system approacheng
dc.subjectmultiplesystem approacheng
dc.subjectdual-self modeleng
dc.subjectdrift–diffusion modeleng
dc.subjectresponse timeseng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleCognitive Load IncreasesRisk Aversion
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100243439
dc.identifier.doihttp://dx.doi.org/10.18452/4622
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages44
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2016
local.edoc.container-issue11
local.edoc.container-year2016
local.edoc.container-erstkatid2195055-6

Show simple item record