Emotional balance and probability weighting

Narat Charupat (), Richard Deaves (), Travis Derouin (), Marcelo Klotzle and Peter Miu ()

Theory and Decision, 2013, vol. 75, issue 1, 17-41

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. Copyright Springer Science+Business Media New York 2013

Keywords: Emotional balance; Prospect theory; Negative affectivity; Probability weighting (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s11238-012-9348-x

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