König, Adriana N. and Linkohr, Birgit and Peters, Annette and Ladwig, Karl-Heinz and Laxy, Michael and Schwettmann, Lars (2023) Relating the visceral factor of pain to domain-specific risk attitudes. Journal of behavioral decision making (e2323). pp. 1-17. ISSN 1099-0771

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Official URL: https://onlinelibrary.wiley.com/doi/full/10.1002/b...


Visceral factors are negative emotions and drive and feeling states that grab people's attention and motivate them to engage in certain behaviors. They can contribute to discrepancies between an individual's long-term self-interest and their actual behavior. One such discrepancy concerns risk-taking in health contexts as well as in a variety of other domains such as financial or career-related decisions. This study examines the relationship between somatic symptoms of pain and domain-specific risk attitudes in participants of a large population-based cohort study. Somatic symptoms refer to back pain; pain in arms, legs, or joints; and headache. We show that the association between pain and risk attitudes is especially robust for the financial and leisure/sports domain across different model specifications. Pain is negatively associated with willingness to take risks in both domains. When controlling for fatigue (another visceral factor), the relationship between pain and risk attitudes persists only in the financial context. However, associations between fatigue and risk attitudes emerge in the general, health, leisure/sports, and career domains. We discuss potential implications of our findings especially in light of financial decision-making.

Item Type: Article
Uncontrolled Keywords: domain-specific willingness to take risks, pain, risk attitudes, visceral factors
Subjects: Social sciences > Economics
Technology, medicine, applied sciences > Medicine and health
Divisions: Faculty of Medicine and Health Sciences > Department of Public Health and Medical Education
Date Deposited: 29 Mar 2023 11:34
Last Modified: 29 Mar 2023 11:34
URI: https://oops.uni-oldenburg.de/id/eprint/5788
URN: urn:nbn:de:gbv:715-oops-58698
DOI: 10.1002/bdm.2323

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