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

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