title: I'm feeling lucky: the relationship between affect and risk-seeking in the framing effect.
abstract: Engagement in risky behavior has traditionally been attributed to an underestimation of the associated risks, but recent perspectives suggest that affective reactions toward a risky option may better explain risk-seeking than risk perception. However, the precise relationship between emotion and risk-seeking remains unclear. The current set of studies elucidates the relationship between emotion and risk-seeking in risky choice framing, using a gambling task. In Study 1, reliance on emotion was related to risk-seeking, but goals to regulate emotion mitigated these effects. In Study 2, positive affect was associated with risk-seeking in loss frames, but unrelated to risk aversion in gain frames. Collectively, these findings indicate a general role for emotion reliance on risk-seeking and a specific role of positive affect on risk-seeking in the loss trials of the framing effect.
authors.affiliation: Department of Psychology, Northwestern University, Swift Hall, 2029 Sheridan Road, Evanston, IL 60208-2710, USA. elainecheung2015@u.northwestern.edu
authors.forename: Elaine
authors.initials: E
authors.lastname: Cheung
authors.forename: Joseph A
authors.initials: JA
authors.lastname: Mikels
mesh_terms: D000293:Adolescent; D000339:Affect; D003657:Decision Making; D005260:Female; D005715:Gambling / Q000523:psychology; D006801:Humans; D008297:Male; D012309:Risk-Taking; D055815:Young Adult