Incidental emotions and risk-taking: An experimental analysis

Annarita Colasante (), Matteo M. Marini and Alberto Russo

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we test in a controlled environment the impact of incidental emotions induced through musical stimuli on individual risk-taking behavior. A modified version of the Multiple Price List method is used to elicit risk preference. We find that both positive and negative stimuli make experimental subjects more risk averse than subjects in the neutral treatment. This result is obtained with respect to the first lottery, while the impact of music on risk-taking is not statistically significant in the subsequent lottery, meaning that its effect vanishes as time elapses.

Keywords: laboratory experiment; music; mood induction; preference elicitation; risk aversion. (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2017-02-22
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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https://mpra.ub.uni-muenchen.de/76992/1/MPRA_paper_76992.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/82767/8/MPRA_paper_82767.pdf revised version (application/pdf)

Related works:
Working Paper: Incidental emotions and risk-taking: An experimental analysis (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76992

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