Done
31.12.2024 17:45
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Done
Huge thank you to my co-authors Tara Srirangarajan and Oleg Urminsky (@olegurminsky.bsky.social), and a great team of research assistants.
Link to paper: www.nature.com/articles/s41...
Global Analysis
1) Emotions predict economic decisions on a global scale
2) Emotions are not universal predictors of financial decisions
3) Economic development and cultural individualism explain cross-country differences in whether emotions predict financial decisions
Some evolutionary theories suggest that emotions are universal drivers of decision-making, yet prior research has primarily relied on samples from a few countries. We analyzed data from 77,242 individuals from 74 countries, linking their emotional experiences to their financial decisions.
Meta-Analysis
1) 378 results & 50,972 participants
2) Mixed evidence for the influence of incidental emotions on financial decision-making
3) More significant meta-analytic evidence when researchers measured rather than manipulated emotions
4) 97% of studies come from highly developed countries
We studied the influence of incidental emotions on financial decision-making (intertemporal & risky decisions) through 1) a systematic review & meta-analysis of the prior literature, and 2) a global analysis with representative samples from 74 countries.
Like so many, I’m new here and excited to share a short 🧵 about our paper in the current issue of Nature Human Behaviour (@naturehumbehav.bsky.social)!
Key takeaway: The influence of emotions on financial decision-making is not universal but varies substantially and systematically across countries.
Would you mind also adding me to Marketing Academics? Thank you!
Would you mind adding me too? Thank you!