The Experimental Research On The Impact Of Emotion On Self-other Risk Decision-Making

Decision-making is one of the focuses of management and psychology both in theory construction and experimental study. However, it is easy to find that emotion, the most colorful variable in psychology, once had been viewed as something to be avoided in the field of decision study when we analyze the existent research deeply. This study explored the effect of emotion to self-other risk decision-making by using experimental methods from the evolutionary perspective based on the existent research.There were two experiments in this study. In the first experiment, we explored the effect of emotion on the self-other risk decision-making by manipulating the emotion. In the second experiment, we continued to investigate the effect in the first experiment by introducing task frame variable. And both of the experiment procedures were displayed on the computer in a standardized form.The experiment result showed: (1) Emotion can influence risk decision-making, and the positive emotion made people risk preference and the negative emotion made people risk averse. (2) There are significant effect between emotion and risk decision-making; Self-risk decision-making has more risk preference than other-risk decision-making. (3) The lost frame has more risk preference than the gain frame and this effect is stronger in the self-risk decision-making than in the other one, especially in the lost frame. (4) In the self-risk decision-making, the lost frame has more risk preference than the gain frame under the positive emotion, however, this effect is opposite in the other-risk decision-making; In the other-risk decision-making, the lost frame has more risk preference than the gain frame both under the positive emotion and the negative emotion.