Differential effects of trait anger on optimism and risk behaviour

It has been proposed that angry people exhibit optimistic risk estimates about future events and, consequently, are biased towards making risk-seeking choices. The goal of this study was to directly test the hypothesised effect of trait anger on optimism and risk-taking behaviour. One hundred healthy volunteers completed questionnaires about personality traits, optimism and risk behaviour. In addition their risk tendency was assessed with the Balloon Analogue Risk Task (BART), which provides an online measure of risk behaviour. Our results partly confirmed the relation between trait anger and outcome expectations of future life events, but suggest that this optimism does not necessarily translate into actual risk-seeking behaviour.     

Emotion regulation and risk taking: Predicting risky choice in deliberative decision making

Only very recently has research demonstrated that experimentally induced emotion regulation strategies (cognitive reappraisal and expressive suppression) affect risky choice (e.g., Heilman et al., 2010). However, it is unknown whether this effect also operates via habitual use of emotion regulation strategies in risky choice involving deliberative decision making. We investigated the role of habitual use of emotion regulation strategies in risky choice using the “cold” deliberative version of the Columbia Card Task (CCT; Figner et al., 2009). Fifty-three participants completed the Emotion Regulation Questionnaire (ERQ; Gross & John, 2003) and—one month later—the CCT and the PANAS. Greater habitual cognitive reappraisal use was related to increased risk taking, accompanied by decreased sensitivity to changes in probability and loss amount. Greater habitual expressive suppression use was related to decreased risk taking. The results show that habitual use of reappraisal and suppression strategies predict risk taking when decisions involve predominantly cognitive-deliberative processes.     

The effect of decision risk and project stage on escalation of commitment

We investigate the joint effects of decision risk and the stage of project completion on escalation of commitment. In two experiments, we demonstrate that the effect of decision risk is moderated by project stage such that the decision risk has the strongest effect on escalation of commitment at the intermediate stage of project completion. This is due to the dynamic influences underlying escalation of commitment. Whereas the need for project information influences resource commitment at the initial stage of a project, the need for project completion affects resource allocation at the terminal stage. In contrast, motivation to commit resources is disproportionately low at the intermediate stage since both the need for project information and the need for project completion are relatively weak. As such, the decision to commit resources is most sensitive to the moderating effect of decision risk when the project is about half complete.     

Predicting high risk sexual behaviour in heterosexual and homosexual men: the roles of impulsivity and sensation seeking

Impulsivity and sexual sensation seeking were examined as personality correlates of high risk sexual behaviour — unprotected sex with multiple partners — in samples of heterosexual (n=112) and homosexual (n=104) men. Among heterosexuals, both personality variables were associated with frequency of unprotected sex but only sexual sensation seeking was associated with number of sex partners. Sexual sensation seeking also mediated the association between use of drugs other than alcohol and number of sex partners. Among homosexuals, no personality or substance use variables predicted high risk sexual behaviour. Implications of the findings for the study of determinants of sexual risk-taking are discussed.     

Alexithymia and Cardiovascular Risk in Older Adults: Psychosocial,Psychophysiological, and Biomedical Correlates

Psychosocial correlates of alexithymia were examined in 102 healthy, older adults (ages 53-83; 76% male). Alexithymic ( n = 26) and non-alexithymic ( n = 30) groups, defined by top ( S 70) and bottom ( h 54) quartiles of the distribution of Toronto Alexithymia Scale (26-item) scores, were compared with respect to psychosocial, psychophysiological, and biomedical risk factors for cardiovascular disease. Both categorical ratings and continuous scores of alexithymia were associated with significantly greater levels of trait anxiety, anger-in, neuroticism, hostility, perceived stress, depression, and lower levels of social support. Compared to non-alexithymics, alexithymics displayed significantly greater blood pressure responses to anger provocation and tended to have a greater percent body fat. The groups did not differ in resting cardiovascular parameters, heart rate reactivity, fasting glucose and lipoprotein lipids, body mass index, waist-to-hip ratio, social desirability, or trait anger. These findings suggest several psychosocial and psychophysiological pathways by which alexithymia may confer risk for cardiovascular disease among older adults.     

Reappraisal and expected value modulate risk taking

Decision making is informed by appraisals of appetitive cues and their associated opportunities for rewards. Such appraisals can be modulated by cognitive regulation strategies in order to promote goal-directed choices. Little is known about how cognitive regulation strategies, especially reappraisal, alter risk taking during decision making. To characterise the effect of reappraisal on risk taking, we systematically varied both the goal of regulation and the value of the decision options. Participants engaged in two reappraisal strategies with opposite goals, to increase (“emphasise”) or decrease (“de-emphasise”) the importance of an upcoming decision, during the presentation of cues signalling monetary decisions. The expected value of taking a risk was systematically varied across decisions such that a risky choice could be beneficial or disadvantageous. Reappraisal strategies increased or decreased risk taking in accordance both with regulation goals and expected value information. These results suggest that reappraisal can be used to flexibly alter behaviour associated with appetitive cues while maintaining value information.     

Instrumental and disinhibited financial risk taking: Personality and behavioural correlates

Risk taking, including that within the financial domain, is often considered to represent a unidimensional personality trait. This paper considers the relatively unexplored construct of instrumental financial risk taking: a class of behaviours that while inherently risky, are entered into with a greater degree of consideration than more impulsive or disinhibited forms of risk taking. Participants (N = 1043) completed a novel questionnaire assessing instrumental and disinhibited financial risk taking as part of a battery including measures of: sensation-seeking, impulsivity, psychopathic personality traits and real life financial outcomes. Correlations revealed a divergent pattern of relationships supporting the utility of characterising these different forms of financial risk. Scores on the novel instrument are shown to explain more than 10% of the variance in the use of riskier, more productive savings products, over and above the influence of demographics and financial status.     

Depression, impulsivity and health-related disability: A moderated mediation analysis

The goal of the current study is to examine how impulsivity affects the relationship between depression and health-related disability. Specifically, we examined impulsivity as a possible moderator of this relationship, as well as alcohol use, smoking, and binge eating as possible mediators. The study utilized the Collaborative Psychiatric Epidemiological Surveys (N = 20,013, mean age = 43.38, female = 57.3%). We conducted a series of moderated mediation analyses to test hypotheses. In all analyses, the relationship between depression and health-related disability was mediated by each maladaptive coping behavior, and the relationship between depression and the behavior was moderated by impulsivity. The study supports the utility of examining the individual difference mechanisms that might drive the relationship between depression and health-related disability.     

Individual differences in risk perception versus risk taking: handedness and interhemispheric interaction

Research indicates that right-hemisphere mechanisms are specifically sensitive to and averse to risk. Research also indicates that mixed degree of handedness is associated with increased access to right hemisphere processing. Accordingly, it was predicted that mixed-handers would exhibit greater risk aversion. Participants were presented with various risky activities and were asked to rate (i) the perceived risk, (ii) the perceived benefit, and (iii) their likelihood to engage in each activity. No handedness differences were found for any of these ratings. Regression analyses, however, indicated that the likelihood to engage in risky activities was predicted primarily by the perceived risks in mixed-handers and by the perceived benefits in strong-handers.     

Hypothesis testing as risk behaviour with regard to beliefs

In this paper hypothesis‐testing behaviour is compared to risk‐taking behaviour. It is proposed that choosing a suitable test for a given hypothesis requires making a preposterior analysis of two aspects of such a test: the probability of obtaining supporting evidence and the evidential value of this evidence. This consideration resembles the one a gambler makes when choosing among bets, each having a probability of winning and an amount to be won. A confirmatory testing strategy can be defined within this framework as a strategy directed at maximizing either the probability or the value of a confirming outcome. Previous theories on testing behaviour have focused on the human tendency to maximize the probability of a confirming outcome. In this paper, two experiments are presented in which participants tend to maximize the confirming value of the test outcome. Motivational factors enhance this tendency dependent on the context of the testing situation. Both this result and the framework are discussed in relation to other studies in the field of testing behaviour. Copyright © 2000 John Wiley & Sons, Ltd.     

Decision Making with Uncertain Reinforcement in Children with Attention Deficit/Hyperactivity Disorder (ADHD)

Reward-related processes are impaired in children with ADHD. Whether these deficits can be ascribed to an aversion to delay or to an altered responsiveness to magnitude, frequency, valence, or the probability of rewards still needs to be explored. In the present study, children with ADHD and normal controls aged 7 to 10 years performed a simple probabilistic discounting task. They had to choose between alternatives where the magnitude of rewards was inversely related to the probability of outcomes. As a result, children with ADHD opted more frequently for less likely but larger rewards than normal controls. Shifts of the response category after positive or negative feedback, however, occurred as often in children with ADHD as in control children. In children with ADHD, the frequency of risky choices was correlated with neuropsychological measures of response time variability but unrelated to measures of inhibitory control. It is concluded that the tendency to select less likely but larger rewards possibly represents a separate facet of dysfunctional reward processing, independent of delay aversion or altered responsiveness to feedback.     

Alexithymia and interpersonal problems: A study of natural language use

The concept of alexithymia refers to difficulties in experiencing, verbalizing and regulating emotions. The relationship between alexithymia and interpersonal style is investigated by means of lexical content analysis. It is hypothesized that alexithymia is related to less frequent and less varied use of communication words and references to others. Alexithymia was measured with the 20-item Toronto Alexithymia Scale and the Toronto Structured Interview for Alexithymia. The Clinical Diagnostic Interview was administered to 50 psychiatric inpatients, transcribed verbatim, and computer-analysed with the Linguistic Inquiry and Word Count-dictionary. Results showed that alexithymia is related to a less complex vocabulary for communication words. Contradictory results for some subscales of the TAS-20 and the TSIA however compromise their construct validity.     

Going with your gut: How William James' theory of emotions brings insights to risk perception and decision making research

The basic premise of William James' theory of emotions – that bodily changes lead to emotional feelings – ignited debate about the relative importance of bodily processes and cognitive appraisals in determining emotions. Similarly, theories of risk perception have been expanding to include emotional and physiological processes along with cognitive processes. Taking a closer look at The Principles of Psychology, this article examines how James' propositions support and extend current research on risk perception and decision making. Specifically, James (1) described emotional feelings and their related cognitions in ways similar to current dual processing models; (2) defended the proposition that emotions and their expressions serve useful and adaptive functions; (3) suggested that anticipating an emotion can trigger that emotion due to associations learned from past experiences; and (4) highlighted individual differences in emotional experiences that map on well with individual differences in risk-related decision making.     

Physical risk taking in elementary-school children: Measurement and emotion regulation issues

Children who engage in physical risk taking experience more injuries. In the present study children 7-12 years completed laboratory tasks and standardized questionnaires to explore inter-relations between measures of risk taking and to determine if the Balloon Analog Risk Task (BART) is a valid index of physical risk taking. Emotion regulation skills also were assessed to determine if poorer skills are associated with greater risk taking, and what measures of risk taking show these relations. Results revealed that general measures of risk taking propensity predicted both BART performance and physical risk taking. Similarly, poorer emotion regulation skills were associated with greater risk taking scores for both the BART and physical risk taking task. Measures of physical risk taking related to one another, however, none of these scores related to performance on the BART. Implications for measuring physical risk taking and exploring emotional links to risk taking in future research are discussed.     

Pricing risk and ambiguity: The effect of perspective taking

In the valuation of uncertain prospects, a difference is often observed between selling and buying perspectives. This paper distinguishes between risk (known probabilities) and ambiguity (unknown probabilities) in decisions under uncertainty and shows that the valuation disparity increases under ambiguity compared to risk. It is found that both the comparative versus noncomparative evaluation of risky and ambiguous prospects and the uniqueness of the valuation perspective (either seller or buyer) moderate this increase in the disparity under ambiguity. The finding is consistent with recent theoretical accounts of pricing under uncertainty. We discuss implications for market behaviour and for the ambiguity paradigm as a research tool.     

Developmental changes in decision making under risk: The role of executive functions and reasoning abilities in 8- to 19-year-old decision makers

Previous studies have shown that children and adolescents often tend toward risky decisions despite explicit knowledge about the potential negative consequences. This phenomenon has been suggested to be associated with the immaturity of brain areas involved in cognitive control functions. Particularly, “frontal lobe functions,” such as executive functions and reasoning, mature until young adulthood and are thought to be involved in age-related changes in decision making under explicit risk conditions. We investigated 112 participants, aged 8–19 years, with a frequently used task assessing decisions under risk, the Game of Dice Task (GDT). Additionally, we administered the Modified Card Sorting Test assessing executive functioning (categorization, cognitive flexibility, and strategy maintenance) as well as the Ravens Progressive Matrices assessing reasoning. The results showed that risk taking in the GDT decreased with increasing age and this effect was not moderated by reasoning but by executive functions: Particularly, young persons with weak executive functioning showed very risky decision making. Thus, the individual maturation of executive functions, associated with areas in the prefrontal cortex, seems to be an important factor in young peoples’ behavior in risky decision-making situations.     

Alexithymia as a potential source of symptom over‐reporting: An exploratory study in forensic patients and non‐forensic participants

The traditional interpretation of symptom over‐reporting is that it indicates malingering. We explored a different perspective, namely that over‐reporting of eccentric symptoms is related to deficits in articulating internal experiences (i.e., alexithymia). Given that alexithymia has been linked to sleep problems and that fatigue may fuel inattentive responding to symptom lists, we administered measures of alexithymia (TAS ‐20) and symptom over‐reporting (SIMS ), but also sleep quality (SLEEP ‐50) to forensic psychiatric outpatients (n = 40) and non‐forensic participants (n = 40). Forensic patients scored significantly higher on all three indices than non‐forensic participants. In the total sample as well as in subsamples, over‐reporting correlated positively and significantly with alexithymia, with r s being in the 0.50–0.65 range. Sleep problems were also related to over‐reporting, but in the full sample and in the forensic subsample, alexithymia predicted variance in over‐reporting over and above sleep problems. Although our study is cross‐sectional in nature, its results indicate that alexithymia as a potential source of over‐reporting merits systematic research.     

Alexithymia and aspects of dreaming: Differential associations of alexithymia facets with dream variables

Research on aspects of dreaming associated with alexithymia has yielded mixed results. The present study recruited a young adult online sample of 577 participants who completed validated indices of alexithymia, emotion suppression, negative moods, and eight aspects of dreaming, with a focus on evaluating a counterintuitive previous finding that alexithymia and two of its core facets were associated with greater self-reported typical emotional intensity of dreams. Total alexithymia and facet scores showed differential relationships to aspects of dreaming including dream recall frequency, emotionality, meaningfulness, nightmare frequency, nightmare distress, usefulness of dreams in problem-solving and creativity, and learning about oneself through dreams. Planned hierarchical regression controlling for demographics, alcohol use, and dream recall frequency indicated that the difficulties identifying feelings (DIF) facet of alexithymia was a significant positive predictor of dream emotionality, whereas the externally oriented thinking (EOT) facet was a significant negative predictor. Stress, but not emotion suppression, mediated the positive relationship between DIF and dream emotionality. The likely role of dream emotionality in higher ratings of nightmare distress, dream meaningfulness, and learning about oneself through dreams among those with higher DIF scores is noted, along with other findings and the strengths and limitations of the study.