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- Publisher Website: 10.1002/ijop.12716
- Scopus: eid_2-s2.0-85091320308
- PMID: 32964480
- WOS: WOS:000574313600001
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Article: Are mindful people more risk‐averse? Effects of trait and state mindfulness on risk preference in decision‐making
Title | Are mindful people more risk‐averse? Effects of trait and state mindfulness on risk preference in decision‐making |
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Authors | |
Keywords | Decision-making Framing Mindfulness Risk |
Issue Date | 2021 |
Publisher | Wiley-Blackwell Publishing Ltd. The Journal's web site is located at http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1464-066X |
Citation | International Journal of Psychology, 2021, v. 56 n. 3, p. 407-414 How to Cite? |
Abstract | The current research investigated whether various aspects of mindfulness were differentially associated with risk preference in decision-making. In Studies 1 and 2, attention and present-focus aspects of trait mindfulness were associated with lower risk preference in making monetary gains. In Study 3, participants completed either a mindfulness training or listened to a comparable control recording. Compared to the control condition, subjects in the mindfulness condition were more risk-averse in making choices for monetary gains. The attention and present-focus aspects of state mindfulness mediated this connection. Study 4 introduced a loss framing, where attention and present-focus no longer associated with lower risk preference, but awareness and acceptance aspects of trait mindfulness associated with higher risk preference in avoiding monetary losses. The results suggest that different aspects of mindfulness have potential for mitigating risk preference, but such potential is limited depending on the framing of a decision context. |
Persistent Identifier | http://hdl.handle.net/10722/306526 |
ISSN | 2023 Impact Factor: 3.3 2023 SCImago Journal Rankings: 1.066 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Zhang, Y | - |
dc.contributor.author | Chen, ZJ | - |
dc.contributor.author | Lu, S | - |
dc.contributor.author | Ni, S | - |
dc.date.accessioned | 2021-10-22T07:35:52Z | - |
dc.date.available | 2021-10-22T07:35:52Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | International Journal of Psychology, 2021, v. 56 n. 3, p. 407-414 | - |
dc.identifier.issn | 0020-7594 | - |
dc.identifier.uri | http://hdl.handle.net/10722/306526 | - |
dc.description.abstract | The current research investigated whether various aspects of mindfulness were differentially associated with risk preference in decision-making. In Studies 1 and 2, attention and present-focus aspects of trait mindfulness were associated with lower risk preference in making monetary gains. In Study 3, participants completed either a mindfulness training or listened to a comparable control recording. Compared to the control condition, subjects in the mindfulness condition were more risk-averse in making choices for monetary gains. The attention and present-focus aspects of state mindfulness mediated this connection. Study 4 introduced a loss framing, where attention and present-focus no longer associated with lower risk preference, but awareness and acceptance aspects of trait mindfulness associated with higher risk preference in avoiding monetary losses. The results suggest that different aspects of mindfulness have potential for mitigating risk preference, but such potential is limited depending on the framing of a decision context. | - |
dc.language | eng | - |
dc.publisher | Wiley-Blackwell Publishing Ltd. The Journal's web site is located at http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1464-066X | - |
dc.relation.ispartof | International Journal of Psychology | - |
dc.rights | Submitted (preprint) Version This is the pre-peer reviewed version of the following article: [FULL CITE], which has been published in final form at [Link to final article using the DOI]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. Accepted (peer-reviewed) Version This is the peer reviewed version of the following article: [FULL CITE], which has been published in final form at [Link to final article using the DOI]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. | - |
dc.subject | Decision-making | - |
dc.subject | Framing | - |
dc.subject | Mindfulness | - |
dc.subject | Risk | - |
dc.title | Are mindful people more risk‐averse? Effects of trait and state mindfulness on risk preference in decision‐making | - |
dc.type | Article | - |
dc.identifier.email | Lu, S: shuanglu@hku.hk | - |
dc.identifier.authority | Lu, S=rp02309 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1002/ijop.12716 | - |
dc.identifier.pmid | 32964480 | - |
dc.identifier.scopus | eid_2-s2.0-85091320308 | - |
dc.identifier.hkuros | 328914 | - |
dc.identifier.volume | 56 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 407 | - |
dc.identifier.epage | 414 | - |
dc.identifier.isi | WOS:000574313600001 | - |
dc.publisher.place | United Kingdom | - |