{"title":"Do negative economic shocks affect cognitive function, adherence to social norms and loss aversion?","authors":"F. Bogliacino, Felipe Montealegre","doi":"10.31235/osf.io/y4zaw","DOIUrl":null,"url":null,"abstract":"Households are frequently subject to income and asset shocks. We performed a lab experiment, inducing losses on a real effort task, after which we measured cognitive performance, loss aversion and cheating behavior. We found that asset losses, but not income losses, act as a cognitive load, by decreasing accuracy and increasing response times. We did not detect any change in dishonesty or loss aversion.","PeriodicalId":91563,"journal":{"name":"Journal of the Economic Science Association","volume":null,"pages":null},"PeriodicalIF":1.9000,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Economic Science Association","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.31235/osf.io/y4zaw","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 6
Abstract
Households are frequently subject to income and asset shocks. We performed a lab experiment, inducing losses on a real effort task, after which we measured cognitive performance, loss aversion and cheating behavior. We found that asset losses, but not income losses, act as a cognitive load, by decreasing accuracy and increasing response times. We did not detect any change in dishonesty or loss aversion.