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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies

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Published on: August 25, 2023

Attitude toward money modulates outcome processing: an ERP study.

Shiwei Jia¹, Wenxin Zhang, Peng Li

¹School of Psychology, Shandong Normal University, China.

Social Neuroscience

|August 4, 2012

Summary

Individuals with a high love of money (LOM) exhibit riskier behavior, especially after losses. Their brain responses, measured by feedback-related negativity (FRN) and P3, show heightened sensitivity to financial gains and losses.

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Brain Imaging Investigation of the Neural Correlates of Emotion Regulation

Brain Imaging Investigation of the Neural Correlates of Emotion Regulation

Published on: August 26, 2011

Area of Science:

Neuroscience
Cognitive Psychology
Behavioral Economics

Background:

Monetary attitude, or love of money (LOM), influences reward processing and economic behavior.
Previous research links attitudes toward money to reward system activity and decision-making.

Purpose of the Study:

To investigate how monetary attitude modulates risky behavior.
To explore the neural mechanisms of reward processing influenced by monetary attitude using event-related potentials (ERPs).

Main Methods:

Comparison of behavioral risk-taking and neural responses between high-level LOM (HLOM) and low-level LOM (LLOM) groups.
Utilized a gambling task and electroencephalography (EEG) to record event-related potentials (ERPs), specifically feedback-related negativity (FRN) and P3 components.

Main Results:

The HLOM group demonstrated significantly riskier behavior than the LLOM group, particularly following monetary losses.
A larger feedback-related negativity (FRN) difference wave was observed in the HLOM group, indicating heightened sensitivity to losses.
The P3 component was more positive in the HLOM group, suggesting amplified neural responses to reward outcomes.

Conclusions:

Monetary attitude significantly modulates both behavioral choices in reward-related tasks and the underlying neural processing.
Individuals with a higher love of money exhibit greater sensitivity to financial gains and losses, impacting their risk-taking behavior and neural responses.