To Take a Risk or Not? The Effect of Perceived Scarcity on Risky Choices

Shujing Liang · Guangyong Yang

19 citations0/0 files storedBehavioral Sciences

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Experimental Behavioral Economics Studies Death Anxiety and Social Exclusion

Abstract

Studies suggest that resource scarcity leads to risky behaviors. From a cognitive perspective, a scarcity mindset affects the decision-making process. Does perceived scarcity therefore affect risk taking when making decisions? This study (N = 213) was conducted in western China to examine the effect of perceived scarcity on risky choices. Our results revealed that participants in the scarcity condition tended to be more risk averse than participants in the control condition when making a risky decision. Perceived scarcity increased the probability of choosing the safe option that offered a sure gain. The effect of psychological variables (emotion, risk attitude, personality, impulsivity, self-control and ego depletion) on risky choices was also tested. Risk attitude, urgency in impulsivity, and deliberate action in self-control also influence risky choices.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 19 citations exist upstream.

References

2003A very brief measure of the Big-Five personality domains 2004High Self‐Control Predicts Good Adjustment, Less Pathology, Better Grades, and Interpersonal Success 2001The Five Factor Model and impulsivity: using a structural model of personality to understand impulsivity 1998Promotion and Prevention: Regulatory Focus as A Motivational Principle 2014On the psychology of poverty 2012Some Consequences of Having Too Little 2011The influence of mortality and socioeconomic status on risk and delayed rewards: A life history theory approach.1988Mood and the mundane: Relations between daily life events and self-reported mood.

Cited by

2025The effect of doll blind box uncertainty on consumers’ irrational consumption behavior: the role of instant gratification, Gambler’s fallacy, and perceived scarcity 2025Just show the option: adding a BNPL payment option in online shopping can nudge purchase intention 2024Poverty leads to the desire to change, and wealth leads to the desire for stability: The impact of perceived money scarcity and abundance on individual risk decision-making

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.