The Effects of Social Context and Acute Stress on Decision Making Under Uncertainty

Psychological Science

Volumn 26, Issue 12, 2015, Pages 1918-1926

  FeldmanHall, Oriel ^a   Raio, Candace M ^a   Kubota, Jennifer T ^b,c   Seiler, Morgan G ^a   Phelps, Elizabeth A ^a,d  

^a NEW YORK UNIVERSITY   (United States)

^b UNIVERSITY OF CHICAGO   (United States)

^c The University of Chicago   (United States)

^d NATHAN S KLINE INSTITUTE FOR PSYCHIATRIC RESEARCH   (United States)

Author keywords

learning; risk; social decision making; stress; trust

Indexed keywords

ADAPTIVE BEHAVIOR; ADULT; DECISION MAKING; FEMALE; GAMBLING; HUMAN; MALE; MENTAL STRESS; REWARD; SOCIAL ENVIRONMENT; STATISTICAL MODEL; TRUST; UNCERTAINTY; YOUNG ADULT;

ADAPTATION, PSYCHOLOGICAL; ADULT; CHOICE BEHAVIOR; DECISION MAKING; FEMALE; GAMBLING; HUMANS; LINEAR MODELS; MALE; REWARD; SOCIAL ENVIRONMENT; STRESS, PSYCHOLOGICAL; TRUST; UNCERTAINTY; YOUNG ADULT;

EID: 84950265036     PISSN: 09567976     EISSN: 14679280     Source Type: Journal    
DOI: 10.1177/0956797615605807     Document Type: Article

References (36)

1. K.Arrow (1974). The limits of organization. New York, NY: W. W. Norton.
2. J.AxelrodT.D.Reisine (1984). Stress hormones: Their interaction and regulation. Science, 224, 452–459.
3. D.BatesM.MaechlerB.BolkerS.Walker (2015). lme4: Linear mixed-effects models using “Eigen” and S4 (R package Version 1.1-9) [Computer software]. Retrieved from http://CRAN.R-project.org/package=lme4
4. A.Ben-NerL.Putterman (2001). Trusting and trustworthiness. Boston University Law Review, 81, 523–551.
5. J.BergJ.DickhautK.McCabe (1995). Trust, reciprocity, and social history. Games and Economic Behavior, 10, 122–142.
6. M.BullingerD.NaberD.PickarR.M.CohenN.H.KalinA.PertW.E.BunneyJr. (1984). Endocrine effects of the cold pressor test: Relationships to subjective pain appraisal and coping. Psychiatry Research, 12, 227–233.
7. C.CamererM.Weber (1992). Recent developments in modeling preferences: Uncertainty and ambiguity. Journal of Risk and Uncertainty, 5, 325–370.
8. J.T.EdelsonG.L.Robertson (1986). The effect of the cold pressor test on vasopressin secretion in man. Psychoneuroendocrinology, 11, 307–316.
9. D.Ellsberg (1961). Risk, ambiguity, and the Savage axioms. Econometrica, 29, 454–455.
10. A.L.ErricoO.A.ParsonsA.C.KingW.R.Lovallo (1993). Attenuated cortisol response to biobehavioral stressors in sober alcoholics. Journal of Studies on Alcohol, 54, 393–398.
11. D.Gambetta (1988). Trust: Making and breaking cooperative relations. New York, NY: Blackwell.
12. C.A.HoltS.K.Laury (2002). Risk aversion and incentive effects. American Economic Review, 92, 1644–1655.
13. D.KahnemanA.Tversky (1972). Subjective probability: A judgment of representativeness. Cognitive Psychology, 3, 430–454.
14. C.B.KellyS.J.Cooper (1998). Plasma norepinephrine response to a cold pressor test in subtypes of depressive illness. Psychiatry Research, 81, 39–50.
15. F.H.Knight (1921). Risk, uncertainty, and profit. Boston, MA: Houghton Mifflin.
16. N.R.LighthallM.MatherM.A.Gorlick (2009). Acute stress increases sex differences in risk seeking in the Balloon Analogue Risk Task. PLoS ONE, 4(7), Article e6002. doi:10.1371/journal.pone.0006002
17. Y.MaruyamaA.KawanoS.OkamotoT.AndoY.IshitobiY.TanakaJ.. Akiyoshi (2012). Differences in salivary alpha-amylase and cortisol responsiveness following exposure to electrical stimulation versus the Trier Social Stress Tests. PLoS ONE, 7(7), Article e39375. doi:10.1371/journal.pone.0039375
18. M.MatherN.R.Lighthall (2012). Risk and reward are processed differently in decisions made under stress. Current Directions in Psychological Science, 21, 36–41.
19. A.L.McRaeM.E.SaladinK.T.BradyH.UpadhyayaS.E.BackM.A.Timmerman (2006). Stress reactivity: Biological and subjective responses to the cold pressor and Trier Social stressors. Human Psychopharmacology: Clinical & Experimental, 21, 377–385.
20. A.T.OskarssonL.Van BovenG.H.McClellandR.Hastie (2009). What’s next? Judging sequences of binary events. Psychological Bulletin, 135, 262–285.
21. A.R.OttoC.M.RaioA.ChiangE.A.PhelpsN.D.Daw (2013). Working-memory capacity protects model-based learning from stress. Proceedings of the National Academy of Sciences, USA, 110, 20941–20946.
22. S.PabstD.SchoofsM.PawlikowskiM.BrandO.T.Wolf (2013). Paradoxical effects of stress and an executive task on decisions under risk. Behavioral Neuroscience, 127, 369–379.
23. M.PascualyE.C.PetrieK.BrodkinE.R.PeskindC.W.WilkinsonM.A.Raskind (2000). Hypothalamic pituitary adrenocortical and sympathetic nervous system responses to the cold pressor test in Alzheimer’s disease. Biological Psychiatry, 48, 247–254.
24. A.J.PorcelliM.R.Delgado (2009). Acute stress modulates risk taking in financial decision making. Psychological Science, 20, 278–283.
25. S.D.PrestonR.B.S.TansfieldT.W.BuchananA.Bechara (2007). Effects of anticipatory stress on decision making in a gambling task. Behavioral Neuroscience, 121, 257–263.
26. M.Rabin (2002). Inference by believers in the law of small numbers. Quarterly Journal of Economics, 117, 775–816.
27. D.A.StanleyP.Sokol-HessnerM.R.BanajiE.A.Phelps (2011). Implicit race attitudes predict trustworthiness judgments and economic trust decisions. Proceedings of the National Academy of Sciences, USA, 108, 7710–7715.
28. K.StarckeM.Brand (2012). Decision making under stress: A selective review. Neuroscience & Biobehavioral Reviews, 36, 1228–1248.
29. K.StarckeO.T.WolfH.J.MarkowitschM.Brand (2008). Anticipatory stress influences decision making under explicit risk conditions. Behavioral Neuroscience, 122, 1352–1360.
30. J.SundaliR.Croson (2006). Biases in casino betting: The hot hand and the gambler’s fallacy. Judgment and Decision Making, 1, 1–12.
31. S.E.TaylorL.C.KleinB.P.LewisT.L.GruenewaldR.A.R.GurungJ.A.Updegraff (2000). Biobehavioral responses to stress in females: Tend-and-befriend, not fight-or-flight. Psychological Review, 107, 411–429.
32. A.TverskyD.Kahneman (1971). Belief in law of small numbers. Psychological Bulletin, 76, 105–110.
33. A.TverskyD.Kahneman (1974). Judgment under uncertainty: Heuristics and biases. Science, 185, 1124–1131.
34. R.van den BosM.HarteveldH.Stoop (2009). Stress and decision-making in humans: Performance is related to cortisol reactivity, albeit differently in men and women. Psychoneuroendocrinology, 34, 1449–1458.
35. M.VelascoJ.GomezM.BlancoI.Rodriguez (1997). The cold pressor test: Pharmacological and therapeutic aspects. American Journal of Therapeutics, 4, 34–38.
36. B.von DawansU.FischbacherC.KirschbaumE.FehrM.Heinrichs (2012). The social dimension of stress reactivity: Acute stress increases prosocial behavior in humans. Psychological Science, 23, 651–660.