Does boredom affect economic risk preferences?

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• dc.contributor.author Pirla Lopez, Sergio
• dc.contributor.author Navarro-Martinez, Daniel
• dc.date.accessioned 2023-05-03T12:41:18Z
• dc.date.available 2023-05-03T12:41:18Z
• dc.date.issued 2022
• dc.description Includes supplementary materials: replication file; experimental instructions.
• dc.description.abstract Previous literature and conventional wisdom have led researchers to believe that boredom increases economic risk taking, but the evidence in support of this conclusion is limited and has important shortcomings. In four experiments (including more than 1,300 subjects), we systematically studied the effects of boredom on economic risk preferences. Across different risk elicitation tasks, boredom inductions, incentive schemes, subject pools, and using both reduced form and structural analyses, we consistently failed to find an effect of boredom on risky decisions. Our results disprove that boredom leads to even small increments in risk taking in one-shot elicitation tasks, and small to medium increases in multiple-choice elicitations. These findings question an important established belief, contribute to better understand the consequences of boredom, and have substantive implications for experiments on economic decision making.
• dc.description.sponsorship This research was funded by the BBVA Foundation (Fundacion BBVA-EI-2019-D.Navarro), Ramon Areces Foundation (Fundacion Ramon Areces 2019-Navarro), Spanish Ministry of Science and Innovation (PID2019-105249GB-I00), and the Velux Foundations (PN38727).
• dc.format.mimetype application/pdf
• dc.identifier.citation Pirla S, Navarro-Martinez D. Does boredom affect economic risk preferences? Judgment and Decision Making. 2022 Sep;17(5):1094-122. DOI: 10.1017/S1930297500009347
• dc.identifier.doi http://dx.doi.org/10.1017/S1930297500009347
• dc.identifier.issn 1930-2975
• dc.identifier.uri http://hdl.handle.net/10230/56664
• dc.language.iso eng
• dc.publisher Cambridge University Press
• dc.relation.ispartof Judgment and Decision Making. 2022 Sep;17(5):1094-122
• dc.relation.isreferencedby https://osf.io/wm732/?view_only=091d9f882d084f88b60f3680de0a191a
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/PID2019-105249GB-I00
• dc.rights Copyright © The Authors [2022] This is an Open Access article, distributed under the terms of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by/4.0/
• dc.subject.keyword Risk preferences
• dc.subject.keyword Boredom
• dc.subject.keyword Emotions
• dc.subject.keyword Experiments
• dc.title Does boredom affect economic risk preferences?
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion