Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

Relative Risk01:12

Relative Risk

347
Relative risk (RR) is a statistical measure commonly used in epidemiology to compare the likelihood of a particular event occurring between two groups. This metric is important for evaluating the relationship between exposure to a specific risk factor and the probability of a particular outcome. It plays a crucial role in medical research, public health studies, and risk assessment. Relative risk quantifies how much more (or less) likely an event is to occur in an exposed group compared to an...
347
Outliers and Influential Points01:08

Outliers and Influential Points

4.2K
An outlier is an observation of data that does not fit the rest of the data. It is sometimes called an extreme value. When you graph an outlier, it will appear not to fit the pattern of the graph. Some outliers are due to mistakes (for example, writing down 50 instead of 500), while others may indicate that something unusual is happening. Outliers are present far from the least squares line in the vertical direction. They have large "errors," where the "error" or residual is the...
4.2K
The Availability Heuristic01:08

The Availability Heuristic

6.4K
A heuristic is a general problem-solving framework (Tversky & Kahneman, 1974). You can think of these as mental shortcuts that are used to solve problems. Different types of heuristics are used in different types of situations, and the impulse to use a heuristic occurs when one of five conditions is met (Pratkanis, 1989):
6.4K
Self-Discrepancy Theory02:45

Self-Discrepancy Theory

18.4K
One influential perspective on what motivates people's behavior is detailed in Tory Higgin's self-discrepancy theory (Higgins, 1987). He proposed that people hold disagreeing internal representations of themselves that lead to different emotional states.  
18.4K
Hazard Ratio01:12

Hazard Ratio

247
The hazard ratio (HR) is a widely used measure in clinical trials to compare the risk of events, such as death or disease recurrence, between two groups over time. It reflects the ratio of hazard rates—the instantaneous risk of the event occurring—between a treatment group and a control group. This measure provides valuable insights into the relative effectiveness of a treatment by assessing how the risk of an event differs between the two groups.
For example, in a clinical trial...
247
Theory of Romantic Attachment in Adulthood03:34

Theory of Romantic Attachment in Adulthood

44.5K
Attachment is a long-standing connection or bond with others. While Attachment Theory was conceived in developmental psychology to describe infant-caregiver bonding, it's been extended into adulthood to include romantic relationships. 
44.5K

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

DR1 activation reduces the proliferation of vascular smooth muscle cells by JNK/c-Jun dependent increasing of Prx3.

Molecular and cellular biochemistry·2017
Same author

A case-control study of the association between psychosocial factors and the occurrence of laryngeal cancer.

Molecular and clinical oncology·2017
Same author

Colorimetric Detection of Ascorbic Acid Based on the Trigger of Gold Nanoparticles Aggregation by Cr(III) Reduced from Cr(VI).

Analytical sciences : the international journal of the Japan Society for Analytical Chemistry·2017
Same author

RGDC Peptide-Induced Biomimetic Calcium Phosphate Coating Formed on AZ31 Magnesium Alloy.

Materials (Basel, Switzerland)·2017
Same author

Intracellular adenosine regulates epigenetic programming in endothelial cells to promote angiogenesis.

EMBO molecular medicine·2017
Same author

Chitosan oligosaccharide improves the therapeutic efficacy of sitagliptin for the therapy of Chinese elderly patients with type 2 diabetes mellitus.

Therapeutics and clinical risk management·2017

Related Experiment Video

Updated: Sep 12, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.2K

Economic insecurity increases high earners' preference for risk.

Xiaoyan Wang1,2, Lina Wang1,3, Rong Huang1

  • 1College of Psychology, Sichuan Normal University, Chengdu, China.

BMC Psychology
|August 7, 2025
PubMed
Summary

Economic insecurity increases risk-taking behavior in high earners, regardless of potential gains or losses. Low earners showed no change in risk preference. This impacts financial decision-making.

Keywords:
Decision-makingEconomic insecurityGain-loss frameworkIncomeRisk preference

More Related Videos

The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
08:24

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

Published on: August 25, 2023

801
Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
11:51

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Published on: March 2, 2011

15.2K

Related Experiment Videos

Last Updated: Sep 12, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.2K
The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
08:24

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

Published on: August 25, 2023

801
Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
11:51

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Published on: March 2, 2011

15.2K

Area of Science:

  • Behavioral Economics
  • Decision Science
  • Psychology

Background:

  • Economic insecurity and income level are key factors influencing decision-making.
  • Understanding risk preference is crucial in financial and economic contexts.

Purpose of the Study:

  • To investigate the impact of economic insecurity on risk preferences across different income levels.
  • To examine how framing (gain vs. loss) affects risk-taking behavior under economic insecurity.

Main Methods:

  • Experimental manipulation of economic insecurity in a laboratory setting.
  • Assessment of risk preference using the Balloon Analogue Risk Task (BART).
  • Participants completed BART in either a gain or loss frame.

Main Results:

  • High-income individuals with greater economic insecurity showed higher risk preference in both gain and loss frames.
  • Low-income individuals did not exhibit significant changes in risk preference.
  • High-income participants displayed greater risk preference than low-income participants in the loss context.

Conclusions:

  • Economic insecurity significantly heightens risk preference, particularly among high earners.
  • The findings suggest that financial precarity can alter financial decision-making strategies.
  • Income level moderates the effect of economic insecurity on risk-taking behavior.