Does boredom affect economic risk preferences?
Previous literature and conventional wisdom have led researchers to believe that boredom increases economic risk taking, but the evidence in support of this conclusion is limited and has important shortcomings. In four experiments (including more than 1,300 subjects), we systematically studied the e...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2022-09-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/22/220502/jdm220502.pdf |
| _version_ | 1797758043608317952 |
|---|---|
| author | Sergio Pirla Daniel Navarro-Martinez |
| author_facet | Sergio Pirla Daniel Navarro-Martinez |
| author_sort | Sergio Pirla |
| collection | DOAJ |
| description | Previous
literature and conventional wisdom have led researchers to believe that boredom
increases economic risk taking, but the evidence in support of this conclusion
is limited and has important shortcomings. In four experiments (including more
than 1,300 subjects), we systematically studied the effects of boredom on
economic risk preferences. Across different risk elicitation tasks, boredom
inductions, incentive schemes, subject pools, and using both reduced form and
structural analyses, we consistently failed to find an effect of boredom on
risky decisions. Our results disprove that boredom leads to even small
increments in risk taking in one-shot elicitation tasks, and small to medium
increases in multiple-choice elicitations. These findings question an important
established belief, contribute to better understand the consequences of
boredom, and have substantive implications for experiments on economic decision
making. |
| first_indexed | 2024-03-12T18:24:05Z |
| format | Article |
| id | doaj.art-a23b0a7f9e2d4a16ba42936650e7f46d |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T18:24:05Z |
| publishDate | 2022-09-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-a23b0a7f9e2d4a16ba42936650e7f46d2023-08-02T08:40:01ZengCambridge University PressJudgment and Decision Making1930-29752022-09-0117510941122Does boredom affect economic risk preferences?Sergio PirlaDaniel Navarro-MartinezPrevious literature and conventional wisdom have led researchers to believe that boredom increases economic risk taking, but the evidence in support of this conclusion is limited and has important shortcomings. In four experiments (including more than 1,300 subjects), we systematically studied the effects of boredom on economic risk preferences. Across different risk elicitation tasks, boredom inductions, incentive schemes, subject pools, and using both reduced form and structural analyses, we consistently failed to find an effect of boredom on risky decisions. Our results disprove that boredom leads to even small increments in risk taking in one-shot elicitation tasks, and small to medium increases in multiple-choice elicitations. These findings question an important established belief, contribute to better understand the consequences of boredom, and have substantive implications for experiments on economic decision making.http://journal.sjdm.org/22/220502/jdm220502.pdfrisk preferences boredom emotions experiments.nakeywords |
| spellingShingle | Sergio Pirla Daniel Navarro-Martinez Does boredom affect economic risk preferences? Judgment and Decision Making risk preferences boredom emotions experiments.nakeywords |
| title | Does boredom affect
economic risk preferences? |
| title_full | Does boredom affect
economic risk preferences? |
| title_fullStr | Does boredom affect
economic risk preferences? |
| title_full_unstemmed | Does boredom affect
economic risk preferences? |
| title_short | Does boredom affect
economic risk preferences? |
| title_sort | does boredom affect economic risk preferences |
| topic | risk preferences boredom emotions experiments.nakeywords |
| url | http://journal.sjdm.org/22/220502/jdm220502.pdf |
| work_keys_str_mv | AT sergiopirla doesboredomaffecteconomicriskpreferences AT danielnavarromartinez doesboredomaffecteconomicriskpreferences |