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Spillover Effects of Loss of Control on Risky Decision-Making

Author

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  • Birgit M Beisswingert
  • Keshun Zhang
  • Thomas Goetz
  • Urs Fischbacher

Abstract

Decision making in risky situations is frequently required in our everyday lives and has been shown to be influenced by various factors, some of which are independent of the risk context. Based on previous findings and theories about the central role of perceptions of control and their impact on subsequent settings, spillover effects of subjective loss of control on risky decision-making are assumed. After developing an innovative experimental paradigm for inducing loss of control, its hypothesized effects on risky decision-making are investigated. Partially supporting the hypotheses, results demonstrated no increased levels of risk perceptions but decreased risk-taking behavior following experiences of loss of control. Thus, this study makes a methodological contribution by proposing a newly developed experimental paradigm facilitating further research on the effects of subjective loss of control, and additionally provides partial evidence for the spillover effects of loss of control experiences on risky decision-making.

Suggested Citation

  • Birgit M Beisswingert & Keshun Zhang & Thomas Goetz & Urs Fischbacher, 2016. "Spillover Effects of Loss of Control on Risky Decision-Making," PLOS ONE, Public Library of Science, vol. 11(3), pages 1-19, March.
    • Handle: RePEc:plo:pone00:0150470
    DOI: 10.1371/journal.pone.0150470
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    References listed on IDEAS

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    Cited by:

    1. Filippin, Antonio & Gioia, Francesca, 2018. "Competition and subsequent risk-taking behaviour: Heterogeneity across gender and outcomes," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 75(C), pages 84-94.
    2. B. Claus & L. Warlop, 2022. "The Car Cushion Hypothesis: Bigger Cars Lead to More Risk Taking—Evidence from Behavioural Data," Journal of Consumer Policy, Springer, vol. 45(2), pages 331-342, June.
    3. repec:cup:judgdm:v:15:y:2020:i:1:p:112-134 is not listed on IDEAS
    4. Katina Kulow & Thomas Kramer & Kara Bentley, 2021. "Lady Luck: Anthropomorphized Luck Creates Perceptions of Risk-Sharing and Drives Pursuit of Risky Alternatives," Journal of the Association for Consumer Research, University of Chicago Press, vol. 6(3), pages 383-393.
    5. Yiyun Shou & Joel Olney, 2020. "Assessing a domain-specific risk-taking construct: A meta-analysis of reliability of the DOSPERT scale," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 15(1), pages 112-134, January.

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