Citation

Kusev P, Purser H, Heilman R, Cooke AJ, van Schaik P, Baranova V, Martin R, Ayton P. Front. Psychol. 2017; 8: e102.

Affiliation

Department of Psychology, City University of London London, UK.

Copyright

(Copyright © 2017, Frontiers Research Foundation)

DOI

10.3389/fpsyg.2017.00102

PMID

28203215

PMCID

PMC5285332

Abstract

Financial risky decisions and evaluations pervade many human everyday activities. Scientific research in such decision-making typically explores the influence of socio-economic and cognitive factors on financial behavior. However, very little research has explored the holistic influence of contextual, emotional, and hormonal factors on preferences for risk in insurance and investment behaviors. Accordingly, the goal of this review article is to address the complexity of individual risky behavior and its underlying psychological factors, as well as to critically examine current regulations on financial behavior.

Language: en

Keywords

cognitive factors; decision-making; emotional and hormonal factors; risky behavior; risky content; risky context