Fear, Anger, and Risk Preference Reversals: An Experimental Study on a Chinese Sample
- PMID: 28871232
- PMCID: PMC5567058
- DOI: 10.3389/fpsyg.2017.01371
Fear, Anger, and Risk Preference Reversals: An Experimental Study on a Chinese Sample
Abstract
Fear and anger are basic emotions of the same valence which differ in terms of their certainty and control dimensions according to the Appraisal Tendency Framework, a theory addressing the relationship between specific emotions, and judgments and choices. Past research based on the Appraisal Theory revealed contradictory results for risky choice decision-making. However, these conclusions were drawn from Western samples (e.g., North American). Considering potential cultural differences, the present study aims to investigate whether the Appraisal Tendency hypothesis yields the same results in a Chinese sample. Our first study explores how dispositional fear and anger influence risk preferences through a classic virtual "Asia Disease Problem" task and the second study investigates how induced fear and anger influence risk preferences through an incentive-compatible task. Consistent with previous research, our results reveal that induced fear and anger have differential effects on risky decisions: angry participants prefer the risk-seeking option, whereas fearful participants prefer a risk-averse option. However, we find no associations between dispositional fear (or anger) and risky decisions.
Keywords: anger; emotion; fear; framing effect; risk preference reversals.
References
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- Chen S. (2011). Psychology of Emotion. Guangzhou: Jinan University Press.
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