A Study On The Influence Of Trait Anxiety And Self-esteem On Risk Decision-making Behavior

Risk decision-making are closely related to our daily lives.Risk decision-making has been a concern of psychologists and economists.At present,many studies focus on the impact of immediate emotion on risk decision-making behavior,but less research on the relationship between trait anxiety and risk decision-making.Anxiety is a common emotion in daily life.Therefore,the further explorations about how trait anxiety influences risk decision-making have profound significance.Moreover,some studies have shown that self-esteem will influence the individual’s risk decision-making behavior,but there is no unified conclusion.In addition,a large number of studies have confirmed that trait anxiety and self-esteem are closely related,but few researchers comprehensively examine the influence of trait anxiety and self-esteem on risk decision-making.In this study,we will conduct experiments and questionnaires combination,using the Iowa game task(IGT)and risk decision questionnaire to study the influence of trait anxiety-and self-esteem on risk decision-making behavior.In study I,with a task of Iowa game task(IGT),we explored how the trait anxiety and the self-esteem influence risk decision-making.The results showed that:(1)the higher the level of one’s trait anxiety,the more inclined to risk aversion,the higher the level of one’s self-esteem,the more inclined to risk seeking;(2)Intermediary analysis found that self-esteem had no significant mediating effect between trait anxiety and risk aversion;(3)Regulatory analysis revealed that self-esteem can moderate the relationship between trait anxiety and risk aversion.In study Ⅱ,with the risk decision questionnaire,we explored how the trait anxiety and the self-esteem influence risk decision-making in different task framework.The results showed that:(1)Individual risk decision-making behavior has a significant frame effect.(2)Different task framework will influence the relationship between trait anxiety,self-esteem and risk decision-making.Trait anxiety and self-esteem are only relevant in the framework of loss and risk decision-making.In conclusion,the results showed that:(1)trait anxiety and self-esteem cansignificantly influence the risk decision-making behavior,the higher the trait anxiety,the more risk aversion,the higher the level of self-esteem,the more risk-seeking,and the self-esteem can moderate the relationship between trait anxiety and risk aversion;(2)Different task framework will influence the relationship between trait anxiety,self-esteem and risk decision-making.Trait anxiety and self-esteem are only relevant in the framework of loss and risk decision-making.