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Testosterone and cortisol jointly predict the ambiguity premium in an ellsberg-urns experiment

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dc.creatorDanese, Giuseppespa
dc.creatorFernandes, Eugéniespa
dc.creatorWatson, Neil Vspa
dc.creatorZilioli, Samuelespa
dc.date.accessioned2020-08-19T14:40:49Z
dc.date.available2020-08-19T14:40:49Z
dc.date.created2017-04-21spa
dc.description.abstractPrevious literature has tried to establish whether and howsteroid hormones are related to economic risk-taking. In this study, we investigate the relationship between testosterone (T) and cortisol (C) on one side and attitudes toward risk and ambiguity on the other. We asked 78 male undergraduate students to complete several tasks and provide two saliva samples. In the task “Reveal the Bag,” participants expressed their beliefs on an ambiguous situation in an incentivized framework. In the task “Ellsberg Bags,” we elicited fromthe participants through an incentive-compatible mechanismthe reservation prices for a risky bet and an ambiguous bet. We used the difference between the two prices to calculate each participant’s ambiguity premium. We found that participants’ salivary T and C levels jointly predicted the ambiguity premium. Participants featuring comparatively lower levels of T and C showed the highest levels of ambiguity aversioneng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.3389/fnbeh.2017.00068
dc.identifier.issnISSN: 1662-5153
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/27038
dc.language.isoengspa
dc.publisherFrontiers Mediaspa
dc.relation.citationEndPage9
dc.relation.citationIssueNo. 68
dc.relation.citationStartPage1
dc.relation.citationTitleFrontiers in Behavioral Neuroscience
dc.relation.citationVolumeVol. 11
dc.relation.ispartofFrontiers in Behavioral Neuroscience, ISSN: 1662-5153, Vol.11, No.68 (2015); pp. 1-9spa
dc.relation.urihttps://www.scopus.com/record/display.uri?eid=2-s2.0-85018296758&origin=inward&txGid=583df45dd7c1401aca92087d19eb6f1espa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.sourceFrontiers in Behavioral Neurosciencespa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordAmbiguityspa
dc.subject.keywordCortisolspa
dc.subject.keywordDual hormone hypothesisspa
dc.subject.keywordEllsberg paradoxspa
dc.subject.keywordTestosteronespa
dc.titleTestosterone and cortisol jointly predict the ambiguity premium in an ellsberg-urns experimentspa
dc.title.TranslatedTitleLa testosterona y el cortisol predicen conjuntamente la prima de ambigüedad en un experimento de ellsberg-urnsspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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