One important theoretical contribution suggested by these authors is the classification of emotions as immediate or anticipated emotions. Accordingly, the goal of this review article is to address the complexity of individual risky behavior and its underlying psychological factors, as well as to critically examine current regulations on financial behavior.
In the task, participants select cards from four different decks, which differ in terms of the chances of financial rewards and penalties. One of the most influential approaches in the study of emotion and ER is the process model of emotions Gross, Anticipated emotions refer to the emotions people expect to feel as a consequence of choosing one decision alternative over another.However, some legislations accommodate behavioral science knowledge. Cortisol suppresses oxytocin, thereby directly reducing feelings of interpersonal trust, whereas oxytocin reduces cortisol levels Ditzen et al. In the role of Decision-maker 2, participants were asked to state the minimum acceptable offer. The Insurance Brokerage directive European Parliament, b proposes that only financially capable should people act as insurance intermediaries. Dysregulation was found to decrease overall across early childhood, and serotonin transporter genotype X parenting interactions predicted individual differences in growth curves. Specifically, differences in contextual descriptions of risk e. These expectations are quite often unrealistic, as human agency psychological processing and behavior is assessed and measured with externally designed economic tools e. Yet, as outlined in this article, even those who make decisions professionally are susceptible to behavioral biases Johnstone and Furche, The results indicated that individuals with a high level of testosterone tended to take greater risks than those people with low testosterone, with the relationship between testosterone and risk-taking similar between men and women. One of the larger and better-controlled studies was conducted by Stanton et al. Conflict of Interest Statement The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.
Most of the previous studies on emotion and decision-making have not controlled for ER. However, theorists have argued that decision-makers cannot perform multi-attribute decisions from the available options in the context Huber et al.
One ER strategy that has received particular attention is cognitive reappraisal Gross, ; Ochsner and Gross, ; Siemer et al. The authors note that this increase in generosity resembled an increase risk aversion: people in the role of Decision-maker 1 may have made more generous offers to reduce the chance of being rejected and ending up with nothing.