IDEAS home Printed from https://ideas.repec.org/p/upf/upfgen/1108.html
   My bibliography  Save this paper

Emotion and reason in everyday risk perception

Author

Listed:

Abstract

Although research has documented the importance of emotion in risk perception, little is known about its prevalence in everyday life. Using the Experience Sampling Method, 94 part-time students were prompted at random – via cellular telephones – to report on mood state and three emotions and to assess risk on thirty occasions during their working hours. The emotions – valence, arousal, and dominance – were measured using self-assessment manikins (Bradley & Lang, 1994). Hierarchical linear models (HLM) revealed that mood state and emotions explained significant variance in risk perception. In addition, valence and arousal accounted for variance over and above “reason” (measured by severity and possibility of risks). Six risks were reassessed in a post-experimental session and found to be lower than their real-time counterparts. The study demonstrates the feasibility and value of collecting representative samples of data with simple technology. Evidence for the statistical consistency of the HLM estimates is provided in an Appendix.

Suggested Citation

  • Robin Hogarth & Mariona Portell & Anna Cuxart & Gueorgui I. Kolev, 2008. "Emotion and reason in everyday risk perception," Economics Working Papers 1108, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2009.
  • Handle: RePEc:upf:upfgen:1108
    as

    Download full text from publisher

    File URL: https://econ-papers.upf.edu/papers/1108.pdf
    File Function: Whole Paper
    Download Restriction: no

    References listed on IDEAS

    as
    1. Robin Hogarth & Mariona Portell & Anna Cuxart, 2007. "What risks do people perceive in everyday life? A perspective gained from the experience sampling method (ESM)," Economics Working Papers 1005, Department of Economics and Business, Universitat Pompeu Fabra.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schniter, Eric & Sheremeta, Roman M. & Shields, Timothy W., 2015. "Conflicted emotions following trust-based interaction," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 48-65.
    2. repec:kap:jbuset:v:142:y:2017:i:3:d:10.1007_s10551-015-2767-1 is not listed on IDEAS
    3. Aseervatham, Vijay & Jaspersen, Johannes G. & Richter, Andreas, 2015. "The affection effect in an incentive compatible insurance demand experiment," Economics Letters, Elsevier, vol. 131(C), pages 34-37.
    4. Eric Schniter & Timothy Shields, 2013. "Recalibrational Emotions and the Regulation of Trust-Based Behaviors," Working Papers 13-16, Chapman University, Economic Science Institute.

    More about this item

    Keywords

    Representative design; experience sampling method; risk perception; emotional reactions; self-assessment manikins (SAM); retrospective judgment; multilevel analysis;

    JEL classification:

    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:upf:upfgen:1108. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://www.econ.upf.edu/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.