Religiosity, financial risk taking, and reward processing: An experimental study

Journal article

Vanheusden, F., Vadapalli, Sundara Kashyap, Rashid, Mamunur, Griffiths, Mark D. and Kim, Amee 2024. Religiosity, financial risk taking, and reward processing: An experimental study. Journal of gambling studies. https://doi.org/10.1007/s10899-024-10324-4
AuthorsVanheusden, F., Vadapalli, Sundara Kashyap, Rashid, Mamunur, Griffiths, Mark D. and Kim, Amee
AbstractThe present study investigated the extent to which financial risk-taking (FRT) perspectives and religiosity influenced an individual's performance on financial decision-making tasks under risk and/or uncertainty. It further investigated the potential to measure this interaction using electro-encephalogram (EEG) assessments through reward-related event-related potentials (P3 and FRN). EEG data were collected from 37 participants undergoing four decision-making tasks comprising the Balloon Analogue Risk Task (BART), Iowa Gambling Test (IGT), Mixed-Gamble Loss-Aversion Task (MGLAT), and MGLA-Success Task (MGLAST). The present study found that BART performance may be affected by an interaction of FRT perspectives and religiosity. The physiological effects of task feedback were also distinguished between religious and non-religious individuals objectively with EEG data. Overall, while religiosity and FRT may not significantly influence IGT and MGLA performance, and interact with BART in a complex way, physiological reaction towards feedback after BART performance appears to be strongly affected by religiosity and FRT perspectives. [Abstract copyright: © 2024. The Author(s).]
KeywordsReligion; Mixed-gambling loss-aversion task; Electro-encephalography; Balloon Analog Risk Task; Financial risk-taking; Iowa Gambling Task
Year2024
JournalJournal of gambling studies
PublisherSpringer Nature
ISSN1573-3602
Digital Object Identifier (DOI)https://doi.org/10.1007/s10899-024-10324-4
Official URLhttps://link.springer.com/article/10.1007/s10899-024-10324-4
Publication dates
Online11 Jun 2024
Publication process dates
Accepted25 May 2024
Deposited04 Jul 2024
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Open
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