Time Pressure Affects the Risk Preference and Outcome Evaluation

Chiuhsiang Joe Lin () and Huiqiao Jia
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Chiuhsiang Joe Lin: Department of Industrial Management, National Taiwan University of Science and Technology, Taipei 106335, Taiwan
Huiqiao Jia: Department of Industrial Management, National Taiwan University of Science and Technology, Taipei 106335, Taiwan

IJERPH, 2023, vol. 20, issue 4, 1-14

Abstract: It is ubiquitous that food delivery riders do not have unlimited periods of time for deliberation to make decisions. Time pressure plays a significant role in decision-making processes. This study investigated how time pressure affected risk preference and outcome evaluation through behavioral and electrophysiological responses during decision-making. Participants finished a simple gambling task under three different time constraint conditions (high/medium/low). Behavioral and event-related potentials (ERPs) data were recorded during the experiment. The results showed that the decision time of people was shorter under high time pressure than under medium and low time pressures. People tend to make more risky choices when under high time pressure. The feedback-related negativity (FRN) amplitude was smaller in the high time pressure than in medium and low time pressure conditions. These findings provided evidence that time pressure has an impact on the risk decision-making process.

Keywords: time pressure; decision-making; risk preference; outcome evaluation; FRN (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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