The Influence Of Subjective Socioeconomic Status On Trust And Risk Decision-making

Objective: Trust and risk decision making is an indispensable type of decision making in human daily life,which is of great significance to individual development and social progress.Subjective socioeconomic status has an important impact on trust and risk decision making.The purpose of this study is to:(1)explore the difference between trust decision making and risk decision making.(2)To explore how the subjective socioeconomic status of decision makers affects trust and risk decision-making.Methods: This study consisted of three experiments.In experiment 1,2(game type: trust game,risk game task)×2(subjective socioeconomic status: low,high)was used as an inter-subject experimental design.The Mac Authur scale was used to measure the subjective socioeconomic status of decision-makers.The dependent variables were trust and risk behavior,and the investment amount of subjects in trust game and venture capital task was used as the index to measure.In experiment 2,2(game type: distrust game,adapted risk game task)×2(subjective socioeconomic status: low,high)was used as an inter-subject experimental design.The independent variables were measured in the same way as in experiment 1,and the dependent variables were trust and risk behavior.The amount of participants’ retrievable from the venture capital task of distrust game and adapted venture capital task was used as an indicator.In experiment 3,the feedback stage was added,and the experiment design between subjects was 2(game type: trust game,risk game task)×2(subjective socioeconomic status: low,high).Independent variables,dependent variables and their measurements were the same as in experiment 1.Results: Experiment 1 showed that:(1)the main effect of game type was significant,and the investment in trust game was significantly lower than that in risk game task;(2)The subjective socioeconomic status of decision makers has a significant main effect,and the amount of investment of subjects with low subjective socioeconomic status is significantly higher than that of subjects with high subjective socioeconomic status;(3)The interaction effect between game type and decision maker’s subjective socioeconomic status is not significant.The results of experiment 2 showed that:(1)the main effect of game type was not significant;(2)The main effect of decision makers’ subjective socioeconomic status was significant,and the take-back amount of the subjects with low subjective socioeconomic status was significantly lower than that of the subjects with high subjective socioeconomic status;(3)The interaction effect between game type and decision maker’s subjective socioeconomic status was significant.The take-back amount of subjects with low subjective socioeconomic status in trust game was significantly lower than that in risk game task,while the take-back amount of subjects with high subjective socioeconomic status in the two games was not significantly different.The results of experiment 3 show that:(1)The main effect of game type was significant,and the investment in trust game was significantly lower than that in risk game task;(2)the subjective socioeconomic status of decision makers has a significant main effect,and the amount of investment of subjects with low subjective socioeconomic status is significantly higher than that of subjects with high subjective socioeconomic status;(3)The interaction effect between decision makers’ subjective socioeconomic status and game type is not significant.Conclusions:(1)Under the premise of default distrust and risk aversion,subjects were more likely to avoid interpersonal risk(trust game)than natural risk(risk game task);Compared with low subjective socioeconomic status,subjects with high subjective socioeconomic status had lower risk seeking tendency.(2)Under the premise of default complete trust and complete risk seeking,compared with natural risk(adapted risk game task),subjects with low subjective socioeconomic status were more inclined to seek interpersonal risk(distrust game),while subjects with high subjective socioeconomic status showed no difference in interpersonal risk and natural risk seeking tendency.Compared with low subjective socioeconomic status,subjects with high subjective socioeconomic status had lower risk seeking tendency.(3)After receiving negative feedback,the interpersonal and natural risk-seeking behaviors of the subjects with high and low subjective socioeconomic status were reduced,but the interpersonal risk-seeking tendency was still lower than the natural risk-seeking tendency,and the risk seeking tendency of the subjects with low subjective socioeconomic status was still higher than that of the subjects with high subjective socioeconomic status.