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
Publisher's version
License
File Access Level
Open
Output statusPublished
Permalink -

https://repository.canterbury.ac.uk/item/980v8/religiosity-financial-risk-taking-and-reward-processing-an-experimental-study

Download files

Publisher's version
s10899-024-10324-4.pdf
License: CC BY 4.0
File access level: Open

  • 36
    total views
  • 8
    total downloads
  • 8
    views this month
  • 1
    downloads this month

Export as

Related outputs

Creating a religious identity and impression management by Islamic banks
Maali, B.M., Hassan, M. and Rashid, M. 2024. Creating a religious identity and impression management by Islamic banks. International Journal of Islamic and Middle Eastern Finance and Management. 17 (4), pp. 693-710. https://doi.org/10.1108/IMEFM-05-2024-0240
Cushion hypothesis and credit risk: Islamic versus conventional banks from the MENA region.
Abdeljawad, I., Rashid, Mamunur, Abu Alia, Muiz, Qushtom, R., Irshaid, Mahmoud and Sahyouni, Ahmad 2024. Cushion hypothesis and credit risk: Islamic versus conventional banks from the MENA region. PLoS ONE. 19 (7), p. e0306901. https://doi.org/10.1371/journal.pone.0306901
The use of technology tools and learning experience: Insight from business school students
Adesina, F., Rashid, M. and Adesina, S. 2024. The use of technology tools and learning experience: Insight from business school students.
Capital structure and public corruption among non-financial firms in the MENA region: The impact of the Arab spring.
Abdeljawad, Islam, Hakawati, Ayat A, Abu Alia, Muiz and Rashid, Mamunur 2024. Capital structure and public corruption among non-financial firms in the MENA region: The impact of the Arab spring. Heliyon. 10 (11), p. e32527. https://doi.org/10.1016/j.heliyon.2024.e32527
The association between corporate social responsibility disclosure and information asymmetry: The case of Europe
Karim, A. and Kim, A. 2024. The association between corporate social responsibility disclosure and information asymmetry: The case of Europe.
Investigating the influence of accountability, power dynamics and political influences among NGO major stakeholders: Namibian perspective
Dr Andrew Simasiku and Dr Amee Kim 2024. Investigating the influence of accountability, power dynamics and political influences among NGO major stakeholders: Namibian perspective.
Small firm auditing using the analytical procedures (APs) in a politically challenging context
Alia, M.A., Abdeljawad, I., Rashid, M. and Frehat, R.A. 2024. Small firm auditing using the analytical procedures (APs) in a politically challenging context. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-05-2023-0187
A systematic literature review of risks in Islamic banking system: research agenda and future research directions
Sohel, M.N.I., Choudhury, T., Rashid, M. and Hassan, M Kabir 2024. A systematic literature review of risks in Islamic banking system: research agenda and future research directions. Risk Management. 26 (3), pp. 1-29. https://doi.org/10.1057/s41283-023-00135-z
The dynamics of bonds, commodities and bitcoin based on NARDL approach
Bouteska, A., Hassan, M. Kabir, Rashid, M. and Bilgin, Mehmet Hüseyin 2024. The dynamics of bonds, commodities and bitcoin based on NARDL approach. The Quarterly Review of Economics and Finance. 94, pp. 58-70. https://doi.org/10.1016/j.qref.2023.12.013
Gender inequalities in Korean family business: contradictions between show and tell
Kim, A. and Ng, P. 2023. Gender inequalities in Korean family business: contradictions between show and tell. International Journal of Gender and Entrepreneurship. 14 (4), pp. 388-417.
Direct and indirect influence of national culture on foreign direct investment
Izadi, Selma, Rashid, Mamunur and Izadi, Parviz 2023. Direct and indirect influence of national culture on foreign direct investment. Research in International Business and Finance. 66, p. 102037. https://doi.org/10.1016/j.ribaf.2023.102037
CSR and firm performance nexus in a highly unstable political context: institutional influence and community cohesion
Abdeljawad, I., Rashid, M., Arafat, N.A.R., Naifeh, H. and Ghanem, N. 2023. CSR and firm performance nexus in a highly unstable political context: institutional influence and community cohesion. International Journal of Business Governance and Ethics. https://doi.org/10.1504/IJBGE.2023.10054626
Semiotic analysis in financial markets
Kim, A. 2023. Semiotic analysis in financial markets. in: Foroudi, P. and Dennis, C, (ed.) Researcing and Analysing Business London Routledge.
What you see is not what you get: Articulating annual reports with Barthesian analysis
Kim, A. 2023. What you see is not what you get: Articulating annual reports with Barthesian analysis.
Introduction to Islamic Fintech: A challenge or an opportunity?
Rabbani, M. R., Hassan, M. K. and Rashid, M. 2022. Introduction to Islamic Fintech: A challenge or an opportunity? in: Hassan, M. K., Rabbani, M. R. and Rashid, M. (ed.) FinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance Cham Palgrave Macmillan. pp. 1-27
Fintech and Islamic financial institutions: Applications and challenges
Abdeljawad, I., Hashem, S, Q. and Rashid, M. 2022. Fintech and Islamic financial institutions: Applications and challenges. in: Hassan, M. K., Rabbani, M. R. and Rashid, M. (ed.) FinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance Cham Palgrave Macmillan. pp. 193-222
Islamic Fintech, blockchain and crowdfunding: Current landscape and path forward
Hassan, M. K., Rabbani, M. R., Rashid, M. and Trinugroho, I. 2022. Islamic Fintech, blockchain and crowdfunding: Current landscape and path forward. in: Hassan, M. K., Rabbani, M. R. and Rashid, M. (ed.) FinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance Cham Palgrave Macmillan. pp. 307-340
COVID-19 challenges and the role of Islamic Fintech
Sitara, K., Rabbani, M. R., Rashid, M. and Anwer, Z. 2022. COVID-19 challenges and the role of Islamic Fintech. in: Hassan, M. K., Rabbani, M. R. and Rashid, M. (ed.) FinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance Cham Palgrave Macmillan. pp. 341-356
Does the regional proximity lead to exchange rate spillover?
Anwer, Z., Hassan, M., Khan, A. and Rashid, M. 2022. Does the regional proximity lead to exchange rate spillover? Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2022.101676
Would an increase in female representation at board level indeed better represent firms?
Kim, A. and Frandsen, A-C. 2022. Would an increase in female representation at board level indeed better represent firms?
Risk dimensions, risk clusters, and foreign direct investments in developing countries
Emeka, O., Hassan, M., Rashid, M., Prabu, Darniya and Sabit, Ahmed 2022. Risk dimensions, risk clusters, and foreign direct investments in developing countries. International Review of Economics & Finance. 82, pp. 636-649. https://doi.org/10.1016/j.iref.2022.07.013
Exploring the driving forces of stock-cryptocurrency comovements during COVID-19 pandemic: an analysis using wavelet coherence and seemingly unrelated regression
Abdul-Rahim, R., Khalid, A., Karim, Z. A. and Rashid, M. 2022. Exploring the driving forces of stock-cryptocurrency comovements during COVID-19 pandemic: an analysis using wavelet coherence and seemingly unrelated regression. Mathematics. 10 (12), p. 2116. https://doi.org/10.3390/math10122116
Voluntary disclosure-cost of equity nexus and the moderating role of corporate governance: evidence from an extremely politically unstable context
Alia, M. A., Abdeljawad, I., Jallad, S. E. and Rashid, M. 2022. Voluntary disclosure-cost of equity nexus and the moderating role of corporate governance: evidence from an extremely politically unstable context. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-02-2021-0069
K-pop and K-car: The underpinnings of 21st century Korean cultural/industrial successes
Kim, A. and McGoun, E.G 2022. K-pop and K-car: The underpinnings of 21st century Korean cultural/industrial successes. Central European Management Journal. 30 (2). https://doi.org/10.7206/cemj.2658-0845.77
Shall we aim for 50-50? The limitations of annual report named numbers in representing the gender gap closure
Kim, A. and Frandsen, A-C. 2021. Shall we aim for 50-50? The limitations of annual report named numbers in representing the gender gap closure.
The effects of government and conglomerate-driven investments on the contemporary Korean gaming industry: a critical perspective
Kim, A. 2020. The effects of government and conglomerate-driven investments on the contemporary Korean gaming industry: a critical perspective.
Converting nascent technologies into mainstream sports
Kim, A. and McGoun, E.G. 2020. Converting nascent technologies into mainstream sports. Journal of Motorsport Culture & History.
Yin-Yang representation of financial crisis: a Korean perspective
Kim, A. and Vanheusden, F. 2019. Yin-Yang representation of financial crisis: a Korean perspective. International Journal of Management Concepts and Philosophy. 12 (4). https://doi.org/10.1504/IJMCP.2019.10021861
Symbolic representations of financial events in the Korean media
Kim, A. 2019. Symbolic representations of financial events in the Korean media. Qualitative Research in Financial Markets. https://doi.org/10.1108/QRFM-10-2017-0097
K-pop and car-pop: the parallel emergence of Korean style in automobiles and popular music
Kim, A. and McGoun, E. 2018. K-pop and car-pop: the parallel emergence of Korean style in automobiles and popular music.
Reading economic magazines: hidden codes and financial crisis representation in Korea
Kim, A. 2017. Reading economic magazines: hidden codes and financial crisis representation in Korea.
Finance as a driver of the global dreams factory: spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy
Kim, A. 2017. Finance as a driver of the global dreams factory: spread of the Hallyu (or Korean Wave) and its consequences for the Korean economy.
Yin and Yang and the representation of the Financial Crisis in Korea
Kim, A. 2015. Yin and Yang and the representation of the Financial Crisis in Korea. PhD Thesis University of Leicester