Does self-control depletion affect risk attitudes?
Holger Gerhardt (),
Schildberg-Hörisch, Hannah and
Authors registered in the RePEc Author Service: Hannah Schildberg-Hoerisch ()
MPRA Paper from University Library of Munich, Germany
A core prediction of recent “dual-self” models is that risk attitudes depend on self-control. While these models have received a lot of attention, empirical evidence regarding their predictions is lacking. We derive hypotheses from three prominent models for choices between risky monetary payoffs under regular and reduced self-control. We test the hypotheses in a lab experiment, using a well-established ego depletion task to reduce self-control, and measuring risk attitudes via finely graduated choice lists. Manipulation checks document the effectiveness of the depletion task. We find no systematic evidence in favor of the theoretical predictions. In particular, depletion does not increase risk aversion.
Keywords: Risk attitudes; Self-control; Ego depletion; Dual-self models; Experiment (search for similar items in EconPapers)
JEL-codes: C91 D03 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-neu, nep-ore and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/81490/1/MPRA_paper_81490.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/81644/8/MPRA_paper_81644.pdf revised version (application/pdf)
Journal Article: Does self-control depletion affect risk attitudes? (2017)
Working Paper: Does Self-Control Depletion Affect Risk Attitudes? (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:81490
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().