TY - JOUR
T1 - Understanding risky behavior: The influence of cognitive, emotional and hormonal factors on decision-making under risk
AU - Kusev, Petko
AU - Purser, H
AU - Heilman, Renata
AU - Cooke, A.J.
AU - van Schaik, P
AU - Baranova, V
AU - Martin, Rose
AU - Ayton, P
PY - 2017/2/1
Y1 - 2017/2/1
N2 - Financial risky decisions and evaluations pervade many human everyday activities. Scientific research in such decision-making typically explores the influence of socio-economic and cognitive factors on financial behavior. However, very little research has explored the holistic influence of contextual, emotional, and hormonal factors on preferences for risk in insurance and investment behaviors. Accordingly, the goal of this review article is to address the complexity of individual risky behavior and its underlying psychological factors, as well as to critically examine current regulations on financial behavior.
AB - Financial risky decisions and evaluations pervade many human everyday activities. Scientific research in such decision-making typically explores the influence of socio-economic and cognitive factors on financial behavior. However, very little research has explored the holistic influence of contextual, emotional, and hormonal factors on preferences for risk in insurance and investment behaviors. Accordingly, the goal of this review article is to address the complexity of individual risky behavior and its underlying psychological factors, as well as to critically examine current regulations on financial behavior.
U2 - 10.3389/fpsyg.2017.00102
DO - 10.3389/fpsyg.2017.00102
M3 - Article
SN - 1664-1078
JO - Frontiers in Psychology
JF - Frontiers in Psychology
ER -