Misestimating betting behaviorthe role of negative asymmetries in emotional self prediction

Resumo

This paper addresses the role of negative asymmetries in emotional self-prediction by looking at the extent to which individuals misestimate their own betting behavior in sequential gambles. In a series of three experimental studies, we demonstrate that losses lead to higher than planned bets whereas bets are on average carried over after gains. Such asymmetric deviations from the plan emerge (1) when monetary and non-monetary incentives are used, and (2) when participants face fair and unfair gambles. The asymmetry is based on people's inability to predict how much the negative emotions generated by a bad experience (e.g. the loss) will influence them to put more effort (e.g. bet more) than planned in an attempt to re-establish a homeostatic state in the prospect of a good experience (e.g. winning).

Ficha do documento

Tipo

Artigo científico

Ano

2014

Instituição

Springer

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1007/s10899-013-9401-x

Identificador

oai:repositorio.fgv.br:10438/23428

Temas

EconomiaSaúde

Palavras-chave

AffectDecision-makingRisk-takingEmotional self-predictionSaúdeProcesso decisórioRisco (Economia)