Hard to Bear

Abstract. Establishing a causal relationship between state boredom and risk taking is contributory to understand the nature of boredom and its influences. This research examines how and why state boredom influences financial risk taking. Across multiple inductions of state boredom, we found that state boredom increased participants’ preference for engaging in financial risk-taking behavior (Studies 1, 2, and 3) and actual financial risk-taking behavior (Studies 2 and 4). An internal meta-analysis verified the robustness of this effect. We also assessed four potential mediators and found motivation to seek stimulation as the best explicable mediator (Studies 3 and 4). Overall, the current research signified the role of state boredom in predicting financial risk taking as a function of motivation to seek stimulation.

• Publication year

  2020

• Venue

  Social Psychology

• Publication date

  2020-05-01

• Fields of study

  Psychology

• Identifiers
  DOI 10.1027/1864-9335/a000408
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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