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Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
16 references·11 citing·44 second hop
Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis (2021)Negative shocks predict change in cogniti…Global Evidence on Economic Preferences* (2018)Global Evidence on Economic P…Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions (2016)Endogenous Preferences: The C…On the psychology of poverty (2014)On the psychology of povertyPoverty Impedes Cognitive Function (2013)Poverty Impedes Cognitive Fun…Spontaneous giving and calculated greed (2012)Spontaneous giving and calcul…Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?* (2011)Depression Babies: Do Macroec…Social-Ecological Resilience to Coastal Disasters (2005)Social-Ecological Resilience …Cognitive Reflection and Decision Making (2005)Cognitive Reflection and Deci…Effects of Fear and Anger on Perceived Risks of Terrorism (2003)Effects of Fear and Anger on …The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The Effects of Financial Ince…Anomalies in Intertemporal Choice: Evidence and an Interpretation (1992)Anomalies in Intertemporal Ch…Microeconomic Systems as an Experimental Science (1991)Microeconomic Systems as an E…Experimental Economics: Induced Value Theory (1991)Experimental Economics: Induc…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Working Memory (1974)Working MemoryRisk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The Role of Time Preferences in Compliance With COVID-19 Preventive Behaviors in Iran: A Quasi-hyperbolic Discounting Approach (2025)The Role of Time Preferences …Risk and time preferences following war evidence from Syrian children (2024)Risk and time preferences fol…Negative economic shocks and the compliance to social norms (2024)Negative economic shocks and …Exposure to worrisome topics can increase cognitive performance when incentivized by a performance goal (2024)Exposure to worrisome topics …COVID-19-related financial scarcity is associated with greater delay discounting but not probability discounting (2023)COVID-19-related financial sc…A selected literature review of the effect of Covid-19 on preferences (2023)A selected literature review …The unintended consequences of confinement: Evidence from the rural area in Guatemala (2022)The unintended consequences o…Stability of Risk Preferences During COVID-19: Evidence From Four Measurements (2022)Stability of Risk Preferences…Discourse and Social Cohesion in and After the Covid-19 Pandemic (2022)Discourse and Social Cohesion…Your health vs. my liberty: Philosophical beliefs dominated reflection and identifiable victim effects when predicting public health recommendation compliance during the COVID-19 pandemic (2021)Your health vs. my liberty: P…Fear and Favoritism in the Time of COVID-19 (2021)Fear and Favoritism in the Ti…The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1956)The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1994)Nudge: improving decisions about health, wealth, and happiness (2008)Multicultural and Social Justice Counseling Competencies: Guidelines for the Counseling Profession (2016)The persistent sampling bias in developmental psychology: A call to action (2017)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Golden Eggs and Hyperbolic Discounting (1997)Construal-level theory of psychological distance. (2010)At Risk: Natural Hazards, People's Vulnerability and Disasters (1994)Measuring vulnerability to natural hazards: towards disaster resilient societies (2007)Community Resilience: An Indicator of Social Sustainability (2010)Social Capital and Community Resilience (2014)Society and the Adolescent Self-Image (1965)The CES-D Scale (1977)A Global Measure of Perceived Stress (1983)Why Don't the Poor Save More? Evidence from Health Savings Experiments (2013)Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday (2016)The Short-term Impact of Unconditional Cash Transfers to the Poor: Experimental Evidence from Kenya* (2016)Human Inference: Strategies and Shortcomings of Social Judgment. (1983)CEO Overconfidence and Corporate Investment (2005)Trusting the Stock Market (2005)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)Imprinting: Toward a Multilevel Theory (2013)Culture and Institutions (2015)Prospect Theory: An Analysis of Decision under Risk (1979)Time Discounting and Time Preference: A Critical Review (2002)The trouble with overconfidence. (2008)Conditions for intuitive expertise: A failure to disagree. (2009)The Polarizing Impact of Science Literacy and Numeracy on Perceived Climate Change Risks (2012)Culture's Consequences: Comparing Values, Behaviors, Institutions, and Organizations across Nations (2002)Gender Differences in Preferences (2009)Relationship of gender differences in preferences to economic development and gender equality (2018)The Church, intensive kinship, and global psychological variation (2019)Get Real! Individuals Prefer More Sustainable Investments (2021)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Individual differences in working memory and reading (1980)Working Memory (1992)The episodic buffer: a new component of working memory? (2000)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1974Working Memory9,867 cited
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  • 1964Risk Aversion in the Small and in the Large4,964 cited
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  • 2013Poverty Impedes Cognitive Function2,958 cited
  • 2005Social-Ecological Resilience to Coastal Disasters2,707 cited
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  • 1992Anomalies in Intertemporal Choice: Evidence and an Interpretation2,305 cited
  • 2018Global Evidence on Economic Preferences*1,721 cited
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  • 2012Spontaneous giving and calculated greed1,333 cited
  • 2003Effects of Fear and Anger on Perceived Risks of Terrorism1,332 cited
  • 1991Experimental Economics: Induced Value Theory

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Cited by

  • 2021Your health vs. my liberty: Philosophical beliefs dominated reflection and identifiable victim effects when predicting public health recommendation compliance during the COVID-19 pandemic32 cited
  • 2022Stability of Risk Preferences During COVID-19: Evidence From Four Measurements21 cited
  • 2021Fear and Favoritism in the Time of COVID-1921 cited
  • 2023A selected literature review of the effect of Covid-19 on preferences14 cited
  • 2024Negative economic shocks and the compliance to social norms13 cited
  • 2022The unintended consequences of confinement: Evidence from the rural area in Guatemala12 cited
  • 2022Discourse and Social Cohesion in and After the Covid-19 Pandemic7 cited
  • 2024Exposure to worrisome topics can increase cognitive performance when incentivized by a performance goal4 cited
  • 2023COVID-19-related financial scarcity is associated with greater delay discounting but not probability discounting3 cited
  • 2024Risk and time preferences following war evidence from Syrian children2 cited
  • 2025The Role of Time Preferences in Compliance With COVID-19 Preventive Behaviors in Iran: A Quasi-hyperbolic Discounting Approach1 cited