Abstract

In the present studies, we investigate the hypothesis that guilt influences risk taking by enhancing one's sense of control. Across multiple inductions of guilt, we demonstrate that experimentally induced guilt enhances optimism about risks for the self (Study 1), preferences for gambles versus guaranteed payoffs (Studies 2, 4, and 6), and the likelihood that one will engage in risk-taking behaviors (Study 5). In addition, we demonstrate that guilt enhances the sense of control over uncontrollable events, an illusory control (Studies 3, 4, and 5), and found that a model with illusory control as a mediator is consistent with the data (Studies 5 and 6). We also found that a model with feelings of guilt as a mediator but not generalized negative affect fits the data (Study 4). Finally, we examined the relative explanatory power of different appraisals and found that appraisals of illusory control best explain the influence of guilt on risk taking (Study 6). These results provide the first empirical demonstration of the influence of guilt on sense of control and risk taking, extend previous theorizing on guilt, and more generally contribute to the understanding of how specific emotions influence cognition and behavior.

Highlights

  • The present studies investigate the hypothesis that guilt influences risk-taking by enhancing one’s sense of control

  • We examine how the experience of guilt influences risk-related judgments, including optimism about future risks, the preference for gambles over guaranteed payoffs, and perceptions of the likelihood of engaging in future risks, which correlate with real-world risk-taking behaviors (Hanoch, Johnson, & Wilke, 2006)

  • An Appraisal Tendency Account of Emotional Influences on Risk-taking In this paper, we take an appraisal tendency approach to the influence of emotion on risktaking (Han, Lerner, & Keltner, 2007; Horberg, Oveis, & Keltner, 2011; Lerner & Keltner, 2000, 2001; Siemer, 2001). This theory presumes that specific emotions both arise from and leave behind particular sets of enhanced cognitive appraisals

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Summary

Introduction

The present studies investigate the hypothesis that guilt influences risk-taking by enhancing one’s sense of control. Likewise, induced fear decreases and anger increases optimism about whether risky events will happen to the self, and appraisals of control mediate these judgments (Lerner & Keltner, 2001) These results dovetail with work from decision science demonstrating that appraisals of certainty and control are the two central dimensions governing decisions about risk. We propose that other emotions associated with an enhanced or diminished sense of control are likely to influence risk perceptions and risk-taking behavior Guilt is one such emotion; guilt is defined by appraisals of personal control but is not centrally defined by appraisals of certainty (Smith & Ellsworth, 1985; Tracy & Robins, 2006). We investigate whether guilt diminishes perceptions of risk and promotes risk-taking behavior

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