@article{ref1,
title="Inequality and risk-taking",
journal="Evolutionary psychology",
year="2015",
author="Mishra, Sandeep and Hing, Leanne S. Son and Lalumière, Martin L.",
volume="13",
number="3",
pages="e1474704915596295-e1474704915596295",
abstract="Inequality has been associated with risk-taking at the societal level. However, this relationship has not been directly investigated at the individual level. Risk-sensitivity theory predicts that decision makers should increase risk-taking in situations of disparity between one's present state and desired state. Economic inequality creates such a disparity. In two experiments, we examined whether imposed economic inequality affects risk-taking. In Experiment 1, we examined whether victims of inequality engaged in greater risk-taking compared to beneficiaries of inequality and those not experiencing inequality. In Experiment 2, we examined whether ameliorating inequality for victims reduced risk-taking. In both experiments, victims of inequality engaged in greater risk-taking compared to beneficiaries of inequality and those not experiencing inequality. Among victims, amelioration of inequality contributed to decreased risk-taking. These findings provide further evidence in support of risk-sensitivity theory and suggest that reductions in economic inequality may lead to lower risk-taking.<p /> <p>Language: en</p>",
language="en",
issn="1474-7049",
doi="10.1177/1474704915596295",
url="http://dx.doi.org/10.1177/1474704915596295"
}