Do emotional carryover effects carry over?

Masters, Nikhil; Lloyd, Tim; Starmer, Chris

Abstract

Existing research has demonstrated carryover effects whereby emotions generated in one context influence decisions in other, unrelated ones. We examine the carryover effect in relation to valuations of risky and ambiguous lotteries with a novel focus on the comparison of carryovers arising from a targeted stimulus (designed to elicit a specific emotion) with those arising from a naturalistic stimulus (designed to produce a more complex emotional response). We find carryover effects using both types of stimuli, but they are stronger for the naturalistic stimulus and in the context of ambiguity, providing a proof of concept that carryover effects can be observed when moving away from highly stylised settings. These effects are also gender specific with only males being susceptible. To probe the emotional foundations of the carryover effect, we conduct analysis relating individual self-reports of emotions to valuation behaviour. Our results cast doubt on some previously claimed links between specific incidental emotions and risk taking.

Citation

Masters, N., Lloyd, T., & Starmer, C. (2025). Do emotional carryover effects carry over?. Journal of Behavioral and Experimental Economics, 114, Article 102312. https://doi.org/10.1016/j.socec.2024.102312

• Journal Article Type: Article
• Acceptance Date: Nov 10, 2024
• Online Publication Date: Nov 20, 2024
• Publication Date: Feb 1, 2025
• Deposit Date: Dec 18, 2024
• Publicly Available Date: Dec 18, 2024
• Journal: Journal of Behavioral and Experimental Economics
• Print ISSN: 2214-8043
• Electronic ISSN: 2214-8051
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 114
• Article Number: 102312
• DOI: https://doi.org/10.1016/j.socec.2024.102312
• Keywords: Incidental emotions; Emotional carryover; Risk; Ambiguity; Naturalistic
• Public URL: https://nottingham-repository.worktribe.com/output/43093764
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S2214804324001496?via%3Dihub
• Additional Information: This article is maintained by: Elsevier; Article Title: Do emotional carryover effects carry over?; Journal Title: Journal of Behavioral and Experimental Economics; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.socec.2024.102312; Content Type: article; Copyright: © 2024 The Author(s). Published by Elsevier Inc.