Eliciting risk and time preferences under induced mood states

Andreas Drichoutis and Rodolfo Nayga

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2013, vol. 45, issue C, 18-27

Abstract: We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and find that both negative and positive mood states increase patience as well as risk aversion but the magnitude of the effects differs between mood states. Results also suggest that risk preferences are affected by whether a cognitively demanding task precedes a risk preference elicitation task but only when a negative mood was induced.

Keywords: Discount rates; Risk aversion; Lab experiment; Mood; Affect (search for similar items in EconPapers)
JEL-codes: C91 D00 D81 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (34)

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Related works:
Working Paper: Eliciting risk and time preferences under induced mood states (2011)
Working Paper: Eliciting risk and time preferences under induced mood states (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:45:y:2013:i:c:p:18-27

DOI: 10.1016/j.socec.2013.04.008

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