The effect of self-control resource on risk preference

Xiang-Hui Yan1
1Department of Psychology and Behavioral Sciences, Zhejiang University, People’s Republic of China
Cite this article:  Yan, X.-H. (2014). The effect of self-control resource on risk preference. Social Behavior and Personality: An international journal, 42(8), 1335-1344.

Volume 42 Issue 8 | e3877 | Published: September 2014 | DOI: https://doi.org/10.2224/sbp.2014.42.8.1335

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Individuals’ self-control resource (SCR) determines the strength of their self-control, which affects risk preference in risky choice decision making. However, the role of SCR in evaluating risk preference is poorly understood. I designed 2 studies consisting of a laboratory experiment in which participants were required to choose from 2 options in each of 4 risky-choice scenarios, to examine how variance in individuals’ SCR level affected their risk preference. Results indicated that individuals showed a stronger risk preference when they had a higher SCR level than when their SCR level was lower and that they showed less risk preference when their level of SCR was depleted. In accordance with these findings, I investigated the mechanisms of SCR level and variance and discussed the role of SCR in risky choice decision making.

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