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

Kusev, P., Purser, H., Heilman, R., Cooke, A. J., van Schaik, P., Baranova, V., Martin, R. & Ayton, P. (2017). Understanding risky behaviour: the influence of cognitive, emotional and hormonal factors on decision- making under risk. Frontiers in Psychology, doi: 10.3389/fpsyg.2017.00102

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Abstract

Financial risky decisions and evaluations pervade many human everyday activities. Scientific research in such decision-making typically explores the influence of socioeconomic 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.

Item Type: Article
Additional Information: This Document is Protected by copyright and was first published by Frontiers. All rights reserved. it is reproduced with permission.
Uncontrolled Keywords: decision-making, risky behavior, risky context, risky content, cognitive factors, emotional and hormonal factors
Subjects: B Philosophy. Psychology. Religion > BF Psychology
Divisions: School of Social Sciences > Department of Psychology
URI: http://openaccess.city.ac.uk/id/eprint/16281

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