The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait
Studies on stress and decision-making usually address acute and artificial stressors. However, COVID-19 outbreak set the perfect scenario to address how decision-making, and specifically loss aversion, could be affected by a real and persistent stressor, able to promote a significant psychological...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad Politécnica Salesiana
2023-04-01
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| Series: | Retos: Revista de Ciencias de la Administración y Economía |
| Subjects: | |
| Online Access: | https://revistas.ups.edu.ec/index.php/retos/article/view/6926 |
| _version_ | 1797850968039096320 |
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| author | Francisco Molins Miguel Angel Serrano |
| author_facet | Francisco Molins Miguel Angel Serrano |
| author_sort | Francisco Molins |
| collection | DOAJ |
| description |
Studies on stress and decision-making usually address acute and artificial stressors. However, COVID-19 outbreak set the perfect scenario
to address how decision-making, and specifically loss aversion, could be affected by a real and persistent stressor, able to promote a significant
psychological distress. In parallel, alexithymia has been identified as a potential moderator of the loss aversion expression, since it could impair
the incorporation of emotional information when making a decision, leading to “cold” decisions. Through a within-subjects design (N = 70), our
aim was to study the relationship between the psychological distress caused by the pandemic context and the loss aversion changes, considering
alexithymia as a moderating factor. Our results show a significant increment in both psychological distress and loss aversion, merely one month
after the confinement’s onset. Moreover, both variables were positively associated only when alexithymia was low, i.e., the alexithymia buffered
the effect of psychological distress on decision-making: a higher alexithymia implied a lower loss aversion increase.
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| first_indexed | 2024-04-09T19:10:09Z |
| format | Article |
| id | doaj.art-4ff5665b304c4ca6a59a3e83e7e8245c |
| institution | Directory Open Access Journal |
| issn | 1390-6291 1390-8618 |
| language | English |
| last_indexed | 2024-04-09T19:10:09Z |
| publishDate | 2023-04-01 |
| publisher | Universidad Politécnica Salesiana |
| record_format | Article |
| series | Retos: Revista de Ciencias de la Administración y Economía |
| spelling | doaj.art-4ff5665b304c4ca6a59a3e83e7e8245c2023-04-06T22:55:51ZengUniversidad Politécnica SalesianaRetos: Revista de Ciencias de la Administración y Economía1390-62911390-86182023-04-011325The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia traitFrancisco Molins0Miguel Angel Serrano1Universitat de ValènciaUniversitat de València Studies on stress and decision-making usually address acute and artificial stressors. However, COVID-19 outbreak set the perfect scenario to address how decision-making, and specifically loss aversion, could be affected by a real and persistent stressor, able to promote a significant psychological distress. In parallel, alexithymia has been identified as a potential moderator of the loss aversion expression, since it could impair the incorporation of emotional information when making a decision, leading to “cold” decisions. Through a within-subjects design (N = 70), our aim was to study the relationship between the psychological distress caused by the pandemic context and the loss aversion changes, considering alexithymia as a moderating factor. Our results show a significant increment in both psychological distress and loss aversion, merely one month after the confinement’s onset. Moreover, both variables were positively associated only when alexithymia was low, i.e., the alexithymia buffered the effect of psychological distress on decision-making: a higher alexithymia implied a lower loss aversion increase. https://revistas.ups.edu.ec/index.php/retos/article/view/6926decision-makingcognitive biasloss aversionalexithymiapsychological distressCOVID-19 |
| spellingShingle | Francisco Molins Miguel Angel Serrano The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait Retos: Revista de Ciencias de la Administración y Economía decision-making cognitive bias loss aversion alexithymia psychological distress COVID-19 |
| title | The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait |
| title_full | The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait |
| title_fullStr | The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait |
| title_full_unstemmed | The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait |
| title_short | The relationship between the psychological distress derived from COVID-19 and the loss aversion is modulated by the alexithymia trait |
| title_sort | relationship between the psychological distress derived from covid 19 and the loss aversion is modulated by the alexithymia trait |
| topic | decision-making cognitive bias loss aversion alexithymia psychological distress COVID-19 |
| url | https://revistas.ups.edu.ec/index.php/retos/article/view/6926 |
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