Does self-control depletion affect risk attitudes?

B-Tier
Journal: European Economic Review
Year: 2017
Volume: 100
Issue: C
Pages: 463-487

Authors (3)

Gerhardt, Holger (Rheinische Friedrich-Wilhelms-...) Schildberg-Hörisch, Hannah (not in RePEc) Willrodt, Jana (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A core prediction of recent “dual-self” models is that risk attitudes depend on self-control. While these models have received a lot of attention, empirical evidence regarding their predictions is lacking. We derive hypotheses from three prominent models for choices between risky monetary payoffs under regular and reduced self-control. We test the hypotheses in a lab experiment, using a well-established ego depletion task to reduce self-control, and measuring risk attitudes via finely graduated choice lists. Manipulation checks document the effectiveness of the depletion task. We find no systematic evidence in favor of the theoretical predictions. In particular, depletion does not increase risk aversion.

Technical Details

RePEc Handle
repec:eee:eecrev:v:100:y:2017:i:c:p:463-487
Journal Field
General
Author Count
3
Added to Database
2026-01-25