TY  - JOUR
AB  - Visceral factors are negative emotions and drive and feeling states that grab people's attention and motivate them to engage in certain behaviors. They can contribute to discrepancies between an individual's long-term self-interest and their actual behavior. One such discrepancy concerns risk-taking in health contexts as well as in a variety of other domains such as financial or career-related decisions. This study examines the relationship between somatic symptoms of pain and domain-specific risk attitudes in participants of a large population-based cohort study. Somatic symptoms refer to back pain; pain in arms, legs, or joints; and headache. We show that the association between pain and risk attitudes is especially robust for the financial and leisure/sports domain across different model specifications. Pain is negatively associated with willingness to take risks in both domains. When controlling for fatigue (another visceral factor), the relationship between pain and risk attitudes persists only in the financial context. However, associations between fatigue and risk attitudes emerge in the general, health, leisure/sports, and career domains. We discuss potential implications of our findings especially in light of financial decision-making.
AU  - König, A.
AU  - Linkohr, B.
AU  - Peters, A.
AU  - Ladwig, K.-H.
AU  - Laxy, M.
AU  - Schwettmann, L.
C1  - 68596
C2  - 53574
CY  - 111 River St, Hoboken 07030-5774, Nj Usa
TI  - Relating the visceral factor of pain to domain-specific risk attitudes.
JO  - J. Behav. Decis. Mak.
VL  - 36
IS  - 4
PB  - Wiley
PY  - 2023
SN  - 0894-3257
ER  - 

TY  - JOUR
AB  - Risk attitudes have a significant impact on human decision making. In contrast to the conventional assumption of stable, universal risk attitudes, previous research has found domain-specific and age-related differences in risk attitudes. For this reason, a systematic review including 19 studies was conducted to evaluate the relationship between self-reported risk attitudes and aging in different domains of decision making. The results suggest a negative relationship between aging and self-reported risk attitudes. Age-related differences in risk attitudes also vary between different domains. Nine studies examined general risk attitudes, with eight finding a negative relationship with aging. Eight out of 11 studies found a negative relationship in the financial domain. All nine studies in the health domain identified a negative association as well. The seven studies included in the social domain showed mixed results. All six studies in the recreational domain identified a negative association. Four out of five studies in the ethical domain found a negative relationship. The three studies included in the driving and career domain also showed negative relationships between risk attitudes and aging. Potential policy implications are discussed.
AU  - König, A.
C1  - 60683
C2  - 49443
TI  - Domain-specific risk attitudes and aging—a systematic review.
JO  - J. Behav. Decis. Mak.
PY  - 2020
SN  - 0894-3257
ER  -