Do Negative Economic Shocks Affect Cognitive Function, Adherence to Social Norms and Loss Aversion?

Francesco Bogliacino and Felipe Montealegre ()

No y4zaw, SocArXiv from Center for Open Science

Abstract: Households are frequently subject to income and asset shocks. We performed a lab experiment, inducing losses on a real effort task, after which we measured cognitive performance, loss aversion and cheating behavior. We found that asset losses, but not income losses, act as a cognitive load, by decreasing accuracy and increasing response times. We did not detect any change in dishonesty or loss aversion.

Date: 2020-06-30
New Economics Papers: this item is included in nep-cbe and nep-exp
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Do negative economic shocks affect cognitive function, adherence to social norms and loss aversion? (2020)
Working Paper: Do Negative Economic Shocks Affect Cognitive Function, Adherence to Social Norms and Loss Aversion? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:y4zaw

DOI: 10.31219/osf.io/y4zaw

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