Economic insecurity increases high earners’ preference for risk

Economic insecurity increases high earners’ preference for risk

Abstract This study examines how economic insecurity and income level influence individuals’ preferences for risk in decision-making. Economic insecurity was experimentally manipulated in a laboratory setting, and participants’ risk preference was subsequently assessed using the Balloon Analogue Ris...

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Bibliographic Details
Main Authors: Xiaoyan Wang, Lina Wang, Rong Huang, Yanping Qin, Ying Guo
Format: Article
Language:English
Published: BMC 2025-08-01
Series:BMC Psychology
Subjects:
Economic insecurity
Risk preference
Decision-making
Gain-loss framework
Income
Online Access:https://doi.org/10.1186/s40359-025-03221-x
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