|Appears in Collections:||Economics Working Papers|
|Peer Review Status:||Refereed|
|Title:||Effects of stress on economic decision-making: Evidence from laboratory experiments|
|Citation:||Delaney L, Fink G & Harmon C (2014) Effects of stress on economic decision-making: Evidence from laboratory experiments. Stirling Economics Discussion Paper, 2014-02.|
|Series/Report no.:||Stirling Economics Discussion Paper, 2014-02|
|Abstract:||The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the cold pressor task as a physiological stressor, and a series of intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree of risk-aversion, and substantially lowers the effort individuals make to learn about financial decisions.|
|Type:||Working or Discussion Paper|
University of Sydney
|SEDP-2014-02-Delaney-Fink-Harmon.pdf||607.63 kB||Adobe PDF||View/Open|
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