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The Emotional Information Processing System is Risk Averse: Ego-Depletion and Investment Behavior
TLDR
The authors showed that ego depletion can have negative as well as positive consequences for investment behavior, depending on the expected values of risk seeking versus risk averse behavior, in mixed-gamble (gain/loss) situations.Abstract:
Two experiments show that a shortage of self-regulatory resources results in more risk aversion in mixed-gamble (gain/loss) situations. The findings support a dual process view that distinguishes between a rational and an affective information processing system, in which self-regulatory resources are the necessary fuel for the rational system. Depending on the expected values of risk seeking versus risk averse behavior, ego depletion can have negative (experiment 1) as well as positive (experiment 2) consequences for investment behavior.read more
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Ego-Depletion and Risk Behavior: Too Exhausted to Take a Risk
Alexander Unger,Dagmar Stahlberg +1 more
TL;DR: This article examined whether ego-depletion limits people's intentionality regarding risk behavior (i.e., choosing an option that has a certain probability of resulting in an adverse outcome).
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Self-control and crime revisited: Disentangling the effect of self-control on risk taking and antisocial behavior
TL;DR: In this article, the authors provided causal evidence on the link between self-control and criminal behavior, and found that subjects with low self control take more risk and behave in a more antisocial manner and are less risk-averse.
Posted Content
"Head versus heart": Effect of monetary frames on expression of sympathetic magical concerns
TL;DR: This paper found that American adults and undergraduates are substantially less likely to acknowledge magical effects when the judgments involve money (amount willing to pay to avoid an “unpleasant” magical contact) than they are when using preference or rating measures.
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Tired Winners: The Effects of Cognitive Resources and Prior Winning on Risky Decision Making
John A. Kostek,Lisham Ashrafioun +1 more
TL;DR: Evidence is provided for the conclusion that people become risk averse to lottery style gambles after cognitive depletion and losing, and the research and clinical implications are discussed.
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No Effect of Ego Depletion on Risk Taking
TL;DR: None of the studies revealed a significant effect of ego depletion on risk taking, which cast further doubts about the ability of ego-depletion manipulations to affect actual behavior in experimental settings.
References
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Self-Regulatory Resources Power the Reflective System: Evidence From Five Domains
TL;DR: The authors argue that self-regulatory resources drive the reflective system of the consumer with the RIM and provide evidence from five domains: eating among dieters, impulsive spending, logical thinking, making choices, and subjective perceptions of duration.
Posted Content
"Head versus heart": Effect of monetary frames on expression of sympathetic magical concerns
TL;DR: This paper found that American adults and undergraduates are substantially less likely to acknowledge magical effects when the judgments involve money (amount willing to pay to avoid an “unpleasant” magical contact) than they are when using preference or rating measures.