Help Privacy Policy Disclaimer
  Advanced SearchBrowse





The Affect Gap in Risky Choice with Positive Outcomes

There are no MPG-Authors in the publication available
Fulltext (public)
There are no public fulltexts stored in PuRe
Supplementary Material (public)
There is no public supplementary material available

Nath, S. (2021). The Affect Gap in Risky Choice with Positive Outcomes. Poster presented at Subjective Probability Utility & Decision Making Conference (SPUDM 2021), Warwick, UK.

Cite as: http://hdl.handle.net/21.11116/0000-0009-649B-8
Studies have demonstrated an “affect gap” in risky choice, such that people choose differently when deciding between options with affect-rich outcomes than when deciding between options offering the outcomes’ affect-poor monetary equivalents. Demonstrations of the affect gap have focussed on outcomes triggering negative affect (e.g., medications with aversive side effects). We tested the existence of the affect gap with outcomes that trigger positive affect (features of a vacation package). Data from a process-tracing experiment (N = 63) show that compared to affect-poor choices, people made more risk-seeking choices in an affect-rich context. These choices were associated with a more strongly curved and elevated probability weighting function. The process data traces the differences in choice to lower attention paid to probability information in the affect-rich condition.