The effect of emotion and time pressure on risk decision-making |
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| Authors: | Yixin Hu Kaiyuan Pang Guangxing Xu Jinhong Guo |
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| Institution: | 1. School of Psychology and Cognitive Science, East China Normal University, Shanghai, China;2. Department of Psychology, University of Pittsburgh, Pittsburgh, PA, USA |
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| Abstract: | Emotion and time pressure are two important factors affecting risk decision-making. This study explored the interaction of emotion and time pressure on risk decision-making by adopting 3 (emotion state: positive emotion, negative emotion, and control group)?×?2 (time constraint: high time constraint and no time constraint) between-subject experiment design. The results showed that (1) both emotion and time pressure exerted significant effect on risk decision-making (generally, positive emotion renders participants more risk prone than negative emotion, and high time pressure promotes people more risk seeking than no time pressure); (2) time pressure polarized the effects of different emotions on risk decision-making. As effects of emotions were polarized under high time pressure, two distinct cognitive pathways may function in human decision-making. Based on our experimental result and previous neuroeconomic works, we proposed a novel dual cognitive pathways model to explain phenomenon in the current article. |
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| Keywords: | emotion time pressure risk decision-making neuroeconomics model |
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