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Emotion and the Tripartite Emotion-functioning Capacities in Debiasing Sunk-cost Fallacy: A Trait-level Review

Wong, Ernest Kwok Sun (2018). Emotion and the Tripartite Emotion-functioning Capacities in Debiasing Sunk-cost Fallacy: A Trait-level Review. MRes thesis The Open University.

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Abstract

The study was aimed at examining the interplay of emotion and three emotion-functioning capacities in debiasing sunk-cost fallacy at trait-level. An online survey was used to study 378 US adults and found that dispositional positive and negative affectivity, trait-mindfulness, trait-EI and reappraisal were associated with debiasing sunk-cost fallacy. Among these factors, trait-mindfulness was found to be the most prominent attribute in association with debiasing sunk-cost fallacy. A deeper review of the participants’ characteristics revealed that prolonged practice of mindfulness meditation fostered trait-mindfulness, trait-EI and reappraisal in conjunction with upregulating dispositional positive affect and downregulating dispositional negative affect. This study suggests that training which pays attention to the emotional underpinnings of decision biases and in particular mindfulness techniques may have greater promise. The study also offers interesting insight for future research directions through which the tripartite emotion-functioning capacities can be better investigated.

Item Type: Thesis (MRes)
Copyright Holders: 2017 The Author
Project Funding Details:
Funded Project NameProject IDFunding Body
Not SetNot SetThe Open University (OU)
Keywords: affect; decision-making; emotion; emotion regulation; emotional intelligence; escalation of commitment; meditation; mindfulness; regret; sunk-cost
Academic Unit/School: Faculty of Business and Law (FBL)
Faculty of Business and Law (FBL) > Business
Item ID: 55549
Depositing User: Ernest Wong
Date Deposited: 05 Jul 2018 14:42
Last Modified: 13 Nov 2019 19:18
URI: http://oro.open.ac.uk/id/eprint/55549
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