Understanding risky behavior: The influence of cognitive, emotional and hormonal factors on decision-making under risk

Journal article

Kusev, P., Purser, H., Heilman, R., Cooke, A.J., Van Schaik, P., Baranova, V., Martin, R. and Ayton, P. (2017). Understanding risky behavior: The influence of cognitive, emotional and hormonal factors on decision-making under risk. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2017.00102
AuthorsKusev, P., Purser, H., Heilman, R., Cooke, A.J., Van Schaik, P., Baranova, V., Martin, R. and Ayton, P.
Abstract

Financial risky decisions and evaluations pervade many human everyday activities. Scientific research in such decision-making typically explores the influence of socio-economic and cognitive factors on financial behavior. However, very little research has explored the holistic influence of contextual, emotional, and hormonal factors on preferences for risk in insurance and investment behaviors. Accordingly, the goal of this review article is to address the complexity of individual risky behavior and its underlying psychological factors, as well as to critically examine current regulations on financial behavior.

Year2017
JournalFrontiers in Psychology
PublisherFrontiers Media
ISSN1664-1078
Digital Object Identifier (DOI)https://doi.org/10.3389/fpsyg.2017.00102
Web address (URL)http://www.scopus.com/inward/record.url?eid=2-s2.0-85014010253&partnerID=MN8TOARS
Publication dates
Online01 Feb 2017
Publication process dates
Accepted16 Jan 2017
Deposited17 Aug 2022
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Open
ISBN16641078
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