The effect of self-control resource on risk preference
- Keywords:
- self-control resource, self-control resource depletion, risk preference, dual-task paradigm, risky choice
- Abstract
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Individuals’ self-control resource (SCR) determines the strength of their self-control, which affects risk preference in risky choice decision making. However, the role of SCR in evaluating risk preference is poorly understood. I designed 2 studies consisting of a laboratory experiment in which participants were required to choose from 2 options in each of 4 risky-choice scenarios, to examine how variance in individuals’ SCR level affected their risk preference. Results indicated that individuals showed a stronger risk preference when they had a higher SCR level than when their SCR level was lower and that they showed less risk preference when their level of SCR was depleted. In accordance with these findings, I investigated the mechanisms of SCR level and variance and discussed the role of SCR in risky choice decision making.
- Author Biography
- References
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- Published
- 2014-08-02
- Issue
- Vol. 42 No. 8 (2014)
- Section
- Articles
- License
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