Journal article
Emotional balance and probability weighting
Abstract
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.
Authors
Charupat N; Deaves R; Derouin T; Klotzle M; Miu P
Journal
Theory and Decision, Vol. 75, No. 1, pp. 17–41
Publisher
Springer Nature
Publication Date
July 2013
DOI
10.1007/s11238-012-9348-x
ISSN
0040-5833