scholarly journals The effect of emotions on risk perception: Experimental evaluation of the affective tendencies framework

Psihologija ◽  
2012 ◽  
Vol 45 (4) ◽  
pp. 409-416 ◽  
Author(s):  
Sasa Drace ◽  
François Ric
Keyword(s):  
Risk Perception ◽  
Experimental Test ◽  
Experimental Evaluation ◽  
Causal Role ◽  
Risk Estimates ◽  
The Impact ◽  
Experienced Emotion

The aim of this study was to assess the role of specific emotions on risk perception providing a more stringent experimental test of the Appraisal Tendencies Framework (ATF). Consistent with expectations, angry and happy participants made more optimistic risk estimates than participants who were made sad. As hypothesized by ATF, happiness and anger also led people to somewhat higher certainty appraisals than sadness. However, this change in perception did not mediate the impact of emotions on risk estimates. Taken together, our results provide the evidence for causal role of specific emotions in risk perception and contribute to literature showing that the effects of emotion on judgment are not solely due to the valence of the experienced emotion. However, they also suggest that the processes underlying emotion effects remain in need for further specifications.

The Impact of Perceived Flood Exposure on Flood-Risk Perception: The Role of Distance

Risk Analysis ◽  
2016 ◽  
Vol 36 (11) ◽  
pp. 2158-2186 ◽  
Author(s):  
Eoin O'Neill ◽  
Finbarr Brereton ◽  
Harutyun Shahumyan ◽  
J. Peter Clinch
Keyword(s):  
Risk Perception ◽  
Flood Risk ◽  
Flood Exposure ◽  
The Impact ◽  
Flood Risk Perception

scholarly journals EFFECT OF EMOTIONAL INTELLIGENCE AND FINANCIAL LITERACY ON INVESTMENT DECISION MAKING WITH A MEDIATING ROLE OF RISK PERCEPTION

2014 ◽  
Vol 02 (02) ◽  
pp. 12-20
Author(s):  
Sahar Parvez ◽  
Keyword(s):  
Emotional Intelligence ◽  
Risk Perception ◽  
Financial Literacy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Mediating Role ◽  
Investment Decision Making ◽  
The Impact

This research paper examines the impact of emotional intelligence and financial literacy on investment decision with a mediating role of risk perception. The data is collected by using questionnaire, from a sample of 152 investors, from stock exchange and banks. The results support that to make adequate investment decisions, investors should be financially literate and have control on their emotions. However, risk perception of investors does not mediate this relationship.

scholarly journals Fear of Failure and Entrepreneurial Risk Perception

2018 ◽  
Vol 6 (2) ◽  
pp. 45-58
Author(s):  
Nabiha Nefzi
Keyword(s):  
Decision Making ◽  
Risk Perception ◽  
Statistical Difference ◽  
Cognitive Appraisal ◽  
The State ◽  
Fear Of Failure ◽  
Mediating Role ◽  
Entrepreneurial Decision ◽  
The Impact

Abstract The present study provides an understanding of the role of fear of failure in entrepreneurial decision making by examining the mediating role of appraisal dimensions through the study of the impact of fear (state and trait) on entrepreneurial risk perception and using the cognitive-motivational-relational process and the Appraisal Tendencies Framework as based theories. Using a sample of students, we confirmed that trait fear is significantly related with higher entrepreneurial risk perception and this relation is mediated by cognitive appraisal dimensions especially the certainty theme. The same relationship is not confirmed for the state fear, even the statistical difference between students in entrepreneurial risk perception due to state fear condition.

scholarly journals Reinforcing Risk Perception to Induce Exercise Intention: Role of Systematic Interaction from Social Marketing Perspectives

2019 ◽  
Vol IV (II) ◽  
pp. 24-38
Author(s):  
Farooq Ahmad ◽  
Muhammad Nawaz Qaisar ◽  
Syed Ali Raza Hamid
Keyword(s):  
Risk Perception ◽  
Fear Appeals ◽  
Control Group ◽  
Fear Appeal ◽  
Treatment Conditions ◽  
And Control ◽  
Exercise Intention ◽  
The Impact ◽  
The Relationship

The study examined the relationship between systematic interaction, fear appeals, and exercise intention using group-centered and participatory approaches. The longitudinal experimental design was used to understand the phenomenon of fear appeals (risk perception) for adopting sustained physical activities. The sample comprised two treatment conditions i.e. experimental group and control group to measure the impact of interventions for verification of the proposed conceptual model. The findings indicate that risk perception mediated the relationship between systematic interaction and exercise intention. Moreover, systematic interaction has a positive effect on risk perception and exercise intention. The findings conceptually advance the fear appeal theory with a new lens using a participatory paradigm to augment sustained behavior change. We advocate that use of systematic interaction adds value in expanding the scope of a theoretical base for marketing.

Using Hypothetical Data to Assess the Effect of Numerical Format and Context on the Perception of Coronary Heart Disease Risk

2008 ◽  
Vol 22 (4) ◽  
pp. 291-296 ◽  
Author(s):  
Anna K. I. Fair ◽  
Peter G. Murray ◽  
Anna Thomas ◽  
Mark R. Cobain
Keyword(s):  
Coronary Heart Disease ◽  
Heart Disease ◽  
Risk Perception ◽  
Emotional Response ◽  
Peer Group ◽  
Risk Information ◽  
Risk Estimates ◽  
Chd Risk ◽  
Intention To Change ◽  
The Impact

Purpose. To test the hypothesis that responses to coronary heart disease (CHD) risk estimates are heightened by use of ratio formats, peer group risk information, and long time frames. Design. Cross-sectional, experimental, between-factors design. Setting. Three regions in England. Subjects. A total of 740 men and women ages 30 to 70 years. Measures. Risk perception, “emotional” response, intention to change lifestyle. Analysis. Logistic regression was used to investigate the impact of numerical format (ratio vs. percentage), peer group risk (personal vs. peer group), and time frame (10-year vs. 30-year) on risk perception. Analysis of variance was used to investigate the impact of these factors on emotional response and intention to change lifestyle questions. Results. Higher perceived risk was observed when risk was presented as a ratio (p < .001) and when it was supplemented with peer group risk estimates (p = .006). Emotional responses to risk information were heightened when risk was presented as a ratio (p = .0004) and supplemented with peer group risk estimates (p = .002). Presentation with ratios also increased intention to make lifestyle changes (p = .047). Conclusion. Perception of CHD risk information is affected by the presentation format. Where absolute risks may appear low, use of ratios and supplementation of personal risk estimates with peer group risk may increase risk perception.

scholarly journals ROLE OF REGRET AVERSION AND LOSS AVERSION EMOTIONAL BIASES IN DETERMINING INDIVIDUAL INVESTORS’ TRADING FREQUENCY: MODERATING EFFECTS OF RISK PERCEPTION

2021 ◽  
Vol 9 (3) ◽  
pp. 1373-1386
Author(s):  
Sayed Ibtasam Shafqat ◽  
Imran Riaz Malik
Keyword(s):  
Risk Perception ◽  
Loss Aversion ◽  
Positive Impact ◽  
Primary Data ◽  
Individual Investors ◽  
Trading Frequency ◽  
Regret Aversion ◽  
The Impact ◽  
The Relationship

Purpose: This study aims to investigate the moderating effect of risk perception on the relationship among emotional biases (i.e., regret aversion and loss aversion) and the trading frequency of individual investors in the context of the Pakistan Stock Exchange (PSX). Approach / Methodology: This study is conducted under the philosophical assumptions of the positivist paradigm and the approach is deductive. The convenience sampling technique is used for sample selection of registered individual investors on the database of PSX. This led the study towards designing a cross-sectional study. Furthermore, 384 questionnaires are used for the collection of primary data from a population of 0.22 million registered PSX individual investors. The direction and degree of relationship among variables of concern are analyzed by the multiple linear regression techniques. The structural Equation Modelling (SEM) technique is used for authentication of moderation results. Findings: The results depict that regret aversion and loss aversion have statistically significant and negative impacts on individual investors’ trading frequency. Whereas, risk perception has an insignificant & positive impact on individual investors’ trading frequency. Moreover, risk perception is found to moderate the relationship between these two emotional behavioral biases. Originality/Value: This current study is a pioneer in developing links between individual investors’ trading frequency, loss aversion, regret aversion, and risk perception. The article also contributes to the literature of behavioral finance, specifically while understanding the role of emotional biases in investment strategies. So, this article engenders the reader's thoughtfulness to find plausible explanations in minimizing the impact of emotional biases in trading frequency and decision-making of individual investors. Implications: This study implies that emotional biases and risk perception cause and moderate the magnitude of the trading frequency of individual investors. The regulatory bodies such as the Securities and Exchange Commission of Pakistan (SECP) and PSX can launch training programs for individual investors to train them in coping up with such emotional biases and risk perception. This might result in the enhancement of the market capitalization of the stock market.

The Impacts of Cognitive and Affective Risk Perception of COVID-19 on Life Well-Being

2021 ◽  
pp. 664-682
Author(s):  
Ali Dalgıç ◽  
Mahmut Demir ◽  
Fatma Doğanay Ergen
Keyword(s):  
Risk Perception ◽  
Risk Perceptions ◽  
Well Being ◽  
Mediating Role ◽  
The Impact

The purpose of this study is to reveal the effect of cognitive and affective risk perceptions that the employees perceive due to COVID-19 on their well-being. Another purpose is to reveal the mediating role of understanding of COVID-19 in the impact of the risk perceptions perceived by the employees due to COVID-19 on their well-being. The data of the study were collected between December 15, 2020 and February 15, 2021. It was found that cognitive and affective risk perceptions caused by COVID-19 significantly and negatively affected the well-being of the employees.

scholarly journals The effect of zolpidem on memory consolidation over a night of sleep

SLEEP ◽  
2020 ◽  
Vol 43 (11) ◽  
Author(s):  
Jing Zhang ◽  
Ben Yetton ◽  
Lauren N Whitehurst ◽  
Mohsen Naji ◽  
Sara C Mednick
Keyword(s):  
Eye Movement ◽  
Memory Consolidation ◽  
Memory Performance ◽  
Causal Role ◽  
Sleep Spindles ◽  
Double Blind ◽  
Episodic Memories ◽  
The Impact

Abstract Study Objectives: Nonrapid eye movement sleep boosts hippocampus-dependent, long-term memory formation more so than wake. Studies have pointed to several electrophysiological events that likely play a role in this process, including thalamocortical sleep spindles (12–15 Hz). However, interventional studies that directly probe the causal role of spindles in consolidation are scarce. Previous studies have used zolpidem, a GABA-A agonist, to increase sleep spindles during a daytime nap and promote hippocampal-dependent episodic memory. The current study investigated the effect of zolpidem on nighttime sleep and overnight improvement of episodic memories. Methods: We used a double-blind, placebo-controlled within-subject design to test the a priori hypothesis that zolpidem would lead to increased memory performance on a word-paired associates task by boosting spindle activity. We also explored the impact of zolpidem across a range of other spectral sleep features, including slow oscillations (0–1 Hz), delta (1–4 Hz), theta (4–8 Hz), sigma (12–15 Hz), as well as spindle–SO coupling. Results: We showed greater memory improvement after a night of sleep with zolpidem, compared to placebo, replicating a prior nap study. Additionally, zolpidem increased sigma power, decreased theta and delta power, and altered the phase angle of spindle–SO coupling, compared to placebo. Spindle density, theta power, and spindle–SO coupling were associated with next-day memory performance. Conclusions: These results are consistent with the hypothesis that sleep, specifically the timing and amount of sleep spindles, plays a causal role in the long-term formation of episodic memories. Furthermore, our results emphasize the role of nonrapid eye movement theta activity in human memory consolidation.

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