Material Hardship Predicts Response Bias in Loss-Averse Decisions: The Roles of Anxiety and Cognitive Control

X He, B Qiu, Y Deng, Z Wang, X Cao… - The Journal of …, 2024 - Taylor & Francis
Income poverty is associated with an enhanced tendency to avoid losses in economic
decisions, which can be driven by a response bias (risk avoidance) and a valuation bias …