Lauriola, M, Panno, A and Weller, JA orcid.org/0000-0002-1640-9412 (2019) Regret-Based Decision-Making Style Acts as a Dispositional Factor in Risky Choices. Psychological Reports, 122 (4). pp. 1412-1431. ISSN 0033-2941
Abstract
People who anticipate the potential regret of one’s decisions are believed to act in a more risk-averse manner and, thus, display fewer risk-taking behaviors across many domains. We conducted two studies to investigate whether individual differences in regret-based decision-making (a) reflect a unitary cognitive-style dimension, (b) are stable over time, and (c) predict later risk-taking behavior. In Study 1, 332 participants completed a regret-based decision-making style scale (RDS) to evaluate its psychometric qualities. In Study 2, participants (N = 119) were tested on two separate occasions to assess the association between RDS and risk-taking. At Time 1, participants completed the RDS, as well as trait measures of anxiety and depression. One month later, they completed the Balloon Analogue Risk Task (BART) and state mood (Positive/Negative affect) scales. The RDS had a sound unidimensional factorial structure and was stable over time. Further, higher reported RDS scores were significantly associated with less risk-taking on the BART, holding other variables constant. These studies suggest that individual differences in regret-based decision-making may lead to a more cautious approach to real-world risk behaviors.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Cognitive style, decision-making, Balloon Analogue Risk Task, individual differences, regret, risk, negative affectivity, anxiety, depression |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 16 Oct 2020 11:29 |
Last Modified: | 16 Oct 2020 11:29 |
Status: | Published |
Publisher: | SAGE Publications |
Identification Number: | 10.1177/0033294118786687 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:166706 |