What you give is what you get: Payment of one randomly selected trial induces risk-aversion and decreases brain responses to monetary feedback.
Economic research
Payment method
Reward positivity
Risk behavior
Journal
Cognitive, affective & behavioral neuroscience
ISSN: 1531-135X
Titre abrégé: Cogn Affect Behav Neurosci
Pays: United States
ID NLM: 101083946
Informations de publication
Date de publication:
02 2019
02 2019
Historique:
pubmed:
26
10
2018
medline:
11
4
2020
entrez:
26
10
2018
Statut:
ppublish
Résumé
In economic studies, it is standard practice to pay out the reward of only one randomly selected trial (pay-one) instead of the total reward accumulated across trials (pay-all), assuming that both methods are equivalent. We tested this assumption by recording electrophysiological activity to reward feedback from participants engaged in a decision-making task under both a pay-one and a pay-all condition. We show that participants are approximately 12% more risk averse in the pay-one condition than in the pay-all condition. Furthermore, we observed that the electrophysiological response to monetary rewards, the reward positivity, is significantly reduced in the pay-one condition relative to the pay-all condition. The difference of brain responses is associated with the difference in risky behavior across conditions. We concluded that the two payment methods lead to significantly different results and are therefore not equivalent.
Identifiants
pubmed: 30357660
doi: 10.3758/s13415-018-00656-1
pii: 10.3758/s13415-018-00656-1
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
187-196Références
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