I'm Feeling Lucky: The Relationship Between Affect and Risk-Seeking in the Framing Effect

Engagement in risky behavior has traditionally been attributed to an underestimation of the associated risks, but recent perspectives suggest that affective reactions toward a risky option may better explain risk-seeking than risk perception. However, the precise relationship between emotion and ris...

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Bibliographic Details
Published in:Emotion (Washington, D.C.) D.C.), 2011-08, Vol.11 (4), p.852-859
Main Authors: CHEUNG, Elaine, MIKELS, Joseph A
Format: Article
Language:English
Subjects:
Adolescent
Affect
Affectivity. Emotion
Biological and medical sciences
Cognition. Intelligence
Decision Making
Decision making. Choice
Emotions
Female
Framing Effects
Fundamental and applied biological sciences. Psychology
Gambling - psychology
Human
Humans
Male
Personality. Affectivity
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Risk Perception
Risk Taking
Young Adult
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Summary:Engagement in risky behavior has traditionally been attributed to an underestimation of the associated risks, but recent perspectives suggest that affective reactions toward a risky option may better explain risk-seeking than risk perception. However, the precise relationship between emotion and risk-seeking remains unclear. The current set of studies elucidates the relationship between emotion and risk-seeking in risky choice framing, using a gambling task. In Study 1, reliance on emotion was related to risk-seeking, but goals to regulate emotion mitigated these effects. In Study 2, positive affect was associated with risk-seeking in loss frames, but unrelated to risk aversion in gain frames. Collectively, these findings indicate a general role for emotion reliance on risk-seeking and a specific role of positive affect on risk-seeking in the loss trials of the framing effect.
ISSN:1528-3542
1931-1516
DOI:10.1037/a0022854