Date of Award

Spring 2021

Degree Type

Open Access Dissertation

Degree Name

Economics, PhD

Dissertation or Thesis Committee Member

Paul J Zak

Dissertation or Thesis Committee Member

Joshua Tasoff

Dissertation or Thesis Committee Member

Tom Knieser

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Terms of Use for work posted in Scholarship@Claremont.

Abstract

The aim of this paper is to examine the link between individuals' financial decisions and stress. In a laboratory experiment, Holt and Laury lottery was used to elicit participants risk preferences. The Cold Pressor Test was used to induce a safe level of stress. In the treatment group, 62% of participants are risk averse; versus 76% in the control group. Additionally, inconsistent financial decision making was observed in both groups: 55% of participants in the treatment group versus 30% in the control.

DOI

10.5642/cguetd/199

ISBN

9798738626371

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