{"id":1753,"date":"2021-05-10T06:11:37","date_gmt":"2021-05-10T06:11:37","guid":{"rendered":"http:\/\/3.35.173.53\/?p=1753"},"modified":"2021-05-10T06:11:37","modified_gmt":"2021-05-10T06:11:37","slug":"bosman-r-van-winden-f-2010-global-risk-investment-and-emotions-economica-77307-451-471","status":"publish","type":"post","link":"https:\/\/www.happyfinder.co.kr\/?p=1753","title":{"rendered":"Bosman, R., &#038;Van Winden, F. (2010). Global risk, investment and emotions. Economica, 77(307), 451-471."},"content":{"rendered":"<p><!--StartFragment--><\/p>\n<p class=\"1\" style=\"background: rgb(255, 255, 255); text-indent: 0pt; mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; font-family: Times New Roman; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; font-family: Times New Roman; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\">We investigate a novel dynamic choice problem in an experiment where emotions are measured through self\u2010reports. The choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a \u2018global risk\u2019 of losing all earnings, from both options, including any return from the risky option. Our key finding is that global risk can <i>reduce<\/i> the amount invested in the risky option. This result cannot be explained by Expected Utility or by its main contenders, Rank\u2010Dependent Utility and Cumulative Prospect Theory. An explanation is offered by taking account of emotions, using the emotion data from the experiment and recent psychological findings.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><font face=\"Times New Roman\"><br \/><\/font><\/p>\n<p><font face=\"Times New Roman\"><!--StartFragment--><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; font-family: Times New Roman; mso-fareast-font-family: Times New Roman; mso-font-width: 100%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\">Bosman, R., &amp;Van Winden, F. (2010). Global risk, investment and emotions. <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; font-family: Times New Roman; font-style: italic; mso-fareast-font-family: Times New Roman; mso-font-width: 100%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\">Economica, 77<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; font-family: Times New Roman; mso-fareast-font-family: Times New Roman; mso-font-width: 100%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\">(307), 451-471.<\/span><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><a href=\"https:\/\/doi.org\/10.1111\/j.1468-0335.2008.00752.x\"><u style=\"text-underline: #0000ff single;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); color: rgb(0, 0, 255); letter-spacing: 0pt; font-family: Times New Roman; mso-fareast-font-family: Times New Roman; mso-font-width: 100%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\">https:\/\/doi.org\/10.1111\/j.1468-0335.2008.00752.x<\/span><\/u><\/a><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p><\/font><\/p>\n<p>&nbsp;<\/p>\n<p><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; font-family: Times New Roman; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\"><\/p>\n<p>&nbsp;<\/p>\n<p><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; font-family: Times New Roman; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt; mso-ascii-font-family: Times New Roman;\"><\/p>\n<p>&nbsp;<\/p>\n<p class=\"1\" style=\"background: rgb(255, 255, 255); text-indent: 0pt; mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">&nbsp;<\/p>\n<p><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We investigate a novel dynamic choice problem in an experiment where emotions are measured through self\u2010reports. The choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a \u2018global risk\u2019 of losing all earnings, from both options, including any return from the risky option. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[28,15],"tags":[183,45],"_links":{"self":[{"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/1753"}],"collection":[{"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1753"}],"version-history":[{"count":1,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/1753\/revisions"}],"predecessor-version":[{"id":1754,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/1753\/revisions\/1754"}],"wp:attachment":[{"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}