Eliciting risk and time preferences under induced mood states

Andreas Drichoutis and Rodolfo Nayga ()

MPRA Paper from University Library of Munich, Germany

Abstract: We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.

Keywords: discount rates; risk aversion; lab experiment; mood; affect (search for similar items in EconPapers)
JEL-codes: C91 D00 D81 (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-exp and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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https://mpra.ub.uni-muenchen.de/25731/1/MPRA_paper_25731.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/25956/1/MPRA_paper_25956.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/27642/1/MPRA_paper_27642.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/28338/1/MPRA_paper_28338.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/31664/1/MPRA_paper_31664.pdf revised version (application/pdf)

Related works:
Journal Article: Eliciting risk and time preferences under induced mood states (2013)
Working Paper: Eliciting risk and time preferences under induced mood states (2011)
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