Deciding for Future Selves Reduces Loss Aversion

Frontiers in Psychology

Qiqi Cheng¹ 

关键词: loss aversion multi-system theory;    single-system theory;    future selves;    risk attitude;   

DOI  :  10.3389/fpsyg.2017.01644

学科分类：心理学（综合）

来源: Frontiers

【 摘 要 】

In this paper, we present an incentivized experiment to investigate the degree of loss aversion when people make decisions for their current selves and future selves under risk. We find that when participants make decisions for their future selves, they are less loss averse compared to when they make decisions for their current selves. This finding is consistent with the interpretation of loss aversion as a bias in decision-making driven by emotions, which are reduced when making decisions for future selves. Our findings endorsed the external validity of previous studies on the impact of emotion on loss aversion in a real world decision-making environment.

【 授权许可】

CC BY