Sleepiness, choice consistency, and risk preferences Academic Article

abstract

• 2016, Springer Science+Business Media New York. We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference (circadian matched) or at a non-preferred time (circadian mismatched) and choose allocations between two risky assets [using the Choi et al. (Am Econ Rev 27(5):19211938, 2007), design]. We find that choices of circadian matched and mismatched subject are statistically similar in terms of satisfying basic requirements for preference consistency. However, mismatched subjects tend to choose riskier asset bundles.

authors

• Castillo, Marco
• Petrie, Ragan

published proceedings

• THEORY AND DECISION

altmetric score

• 8

author list (cited authors)

• Castillo, M., Dickinson, D. L., & Petrie, R.

citation count

• 24

complete list of authors

• Castillo, Marco||Dickinson, David L||Petrie, Ragan

publication date

• January 2017

publisher

• Springer Nature  Publisher

published in

• Theory and Decision: an international journal for multidisciplinary advances in decision sciences  Journal

keywords

• Choice Consistency
• Cognitive Resource Depletion
• Rationality
• Risk Aversion
• Sleepiness

Digital Object Identifier (DOI)

• 10.1007/s11238-016-9559-7

start page

• 41

end page

• 73

volume

• 82

issue

• 1

URL

• http%3A%2F%2Fdx.doi.org%2F10.1007%2Fs11238-016-9559-7