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
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
Recommended Citation
Bejanyan, Narek Vartan. (2021). Financial Decision Making Under Stress. CGU Theses & Dissertations, 199. https://scholarship.claremont.edu/cgu_etd/199. doi: 10.5642/cguetd/199
