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Risky Decision-making Under The COVID-19 Pandemi

Posted on:2024-03-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y C GuanFull Text:PDF
GTID:2555307148455714Subject:Applied psychology
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The influence of situation and personality on behavior has been considered as "two sides of the same coin".According to Cu PS theory,individuals can make decisions by following two sides: culture and individual differences.In the specific "framework" of COVID-19,individuals probably alleviate death anxiety through cultural values and further adjust risky decision-making habits.Focusing on Big 5 Personality and a classical framing effect paradigm,the COVIDi STRESS Global Survey investigated 80,586 voluntary participants from 54 countries and linked them to the Individualism Versus Collectivism Index corresponding to their respective countries.Our results indicated that:1.Subjects from countries with higher individualism scores were more risk-averse,on the contrary,subjects from countries with higher collectivism scores were more risk-seeking;2.There was consistency between both Individualism and Collectivism in the framing effect,presenting that the more typical the country’s cultural background is(the higher the absolute value of the Individualism Versus Collectivism Index),the less it is affected by the framing effect;3.In multivariable logistic regression,risk-seeking was predicted by extroversion,neuroticism,and conscientiousness;4.There were significant interaction effects of the individualism-collectivism dimension on the relationships between conscientiousness and risk-seeking.These findings shed light on factors associated with risky decision-making during COVID-19 and highlight the protective effect of cultural values on individuals.Meanwhile,we provide theory explanations for cross-cultural variations in personality relationships with decision-making.
Keywords/Search Tags:Risk decision, Framing effect, Individualism and Collectivism, The Big Five Personality, Propensity Score Matching
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