Time Pressure Affects the Risk Preference and Outcome Evaluation

Author:

Lin Chiuhsiang Joe1ORCID,Jia Huiqiao12

Affiliation:

1. Department of Industrial Management, National Taiwan University of Science and Technology, Taipei 106335, Taiwan

2. Institute of Human Factors & Safety Engineering, Hunan Institute of Technology, Hengyang 421002, China

Abstract

It is ubiquitous that food delivery riders do not have unlimited periods of time for deliberation to make decisions. Time pressure plays a significant role in decision-making processes. This study investigated how time pressure affected risk preference and outcome evaluation through behavioral and electrophysiological responses during decision-making. Participants finished a simple gambling task under three different time constraint conditions (high/medium/low). Behavioral and event-related potentials (ERPs) data were recorded during the experiment. The results showed that the decision time of people was shorter under high time pressure than under medium and low time pressures. People tend to make more risky choices when under high time pressure. The feedback-related negativity (FRN) amplitude was smaller in the high time pressure than in medium and low time pressure conditions. These findings provided evidence that time pressure has an impact on the risk decision-making process.

Publisher

MDPI AG

Subject

Health, Toxicology and Mutagenesis,Public Health, Environmental and Occupational Health

Reference51 articles.

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5. Rapid Makes Risky: Time Pressure Increases Risk Seeking in Decisions from Experience;Madan;J. Cogn. Psychol.,2015

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