Emotional balance and probability weighting

被引:12
作者
Charupat, Narat [1 ]
Deaves, Richard [1 ]
Derouin, Travis [2 ]
Klotzle, Marcelo [3 ]
Miu, Peter [1 ]
机构
[1] McMaster Univ, Hamilton, ON, Canada
[2] Wikihow, Washington, DC USA
[3] Pontificia Univ Catolica Rio de Janeiro, Rio de Janeiro, Brazil
关键词
Emotional balance; Prospect theory; Negative affectivity; Probability weighting; PROSPECT-THEORY; NEGATIVE AFFECT; FINANCIAL RISK; STOCK RETURNS; BEHAVIOR; INTELLIGENCE; VALIDATION; HETEROGENEITY; POPULATION; EXPERIENCE;
D O I
10.1007/s11238-012-9348-x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We find suggestive evidence that emotional balance has an impact on probability weighting incremental to demographic controls. Specifically, low negative affectivity (implying high emotional balance) tends to be a characteristic of those whose probability weighting functions exhibit lower curvature and more neutral elevation. In other words, emotional balance seems to push people in the direction of normative expected utility theory.
引用
收藏
页码:17 / 41
页数:25
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