Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis

Abstract In the context of the current COVID-19 pandemic, households throughout the world have to cope with negative shocks. Previous research has shown that negative shocks impair cognitive function and change risk, time and social preferences. In this study, we analyze the results of a longitudina...

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Autores principales:	Francesco Bogliacino, Cristiano Codagnone, Felipe Montealegre, Frans Folkvord, Camilo Gómez, Rafael Charris, Giovanni Liva, Francisco Lupiáñez-Villanueva, Giuseppe A. Veltri
Formato:	article
Lenguaje:	EN
Publicado:	Nature Portfolio 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/9439eff4313d453caaec5afd68649f8a
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spelling	oai:doaj.org-article:9439eff4313d453caaec5afd68649f8a2021-12-02T14:11:32ZNegative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis10.1038/s41598-021-83089-02045-2322https://doaj.org/article/9439eff4313d453caaec5afd68649f8a2021-02-01T00:00:00Zhttps://doi.org/10.1038/s41598-021-83089-0https://doaj.org/toc/2045-2322Abstract In the context of the current COVID-19 pandemic, households throughout the world have to cope with negative shocks. Previous research has shown that negative shocks impair cognitive function and change risk, time and social preferences. In this study, we analyze the results of a longitudinal multi-country survey conducted in Italy (N = 1652), Spain (N = 1660) and the United Kingdom (N = 1578). We measure cognitive function using the Cognitive Reflection Test and preferences traits (risk, time and social preferences) using an experimentally validated set of questions to assess the differences between people exposed to a shock compared to the rest of the sample. We measure four possible types of shocks: labor market shock, health shock, occurrence of stressful events, and mental health shock. Additionally, we randomly assign participants to groups with either a recall of negative events (more specifically, a mild reinforcement of stress or of fear/anxiety), or to a control group (to recall neutral or joyful memories), in order to assess whether or not stress and negative emotions drive a change in preferences. Results show that people affected by shocks performed worse in terms of cognitive functioning, are more risk loving, and are more prone to punish others (negative reciprocity). Data do not support the hypotheses that the result is driven by stress or by negative emotions.Francesco BogliacinoCristiano CodagnoneFelipe MontealegreFrans FolkvordCamilo GómezRafael CharrisGiovanni LivaFrancisco Lupiáñez-VillanuevaGiuseppe A. VeltriNature PortfolioarticleMedicineRScienceQENScientific Reports, Vol 11, Iss 1, Pp 1-10 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Francesco Bogliacino Cristiano Codagnone Felipe Montealegre Frans Folkvord Camilo Gómez Rafael Charris Giovanni Liva Francisco Lupiáñez-Villanueva Giuseppe A. Veltri Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
description	Abstract In the context of the current COVID-19 pandemic, households throughout the world have to cope with negative shocks. Previous research has shown that negative shocks impair cognitive function and change risk, time and social preferences. In this study, we analyze the results of a longitudinal multi-country survey conducted in Italy (N = 1652), Spain (N = 1660) and the United Kingdom (N = 1578). We measure cognitive function using the Cognitive Reflection Test and preferences traits (risk, time and social preferences) using an experimentally validated set of questions to assess the differences between people exposed to a shock compared to the rest of the sample. We measure four possible types of shocks: labor market shock, health shock, occurrence of stressful events, and mental health shock. Additionally, we randomly assign participants to groups with either a recall of negative events (more specifically, a mild reinforcement of stress or of fear/anxiety), or to a control group (to recall neutral or joyful memories), in order to assess whether or not stress and negative emotions drive a change in preferences. Results show that people affected by shocks performed worse in terms of cognitive functioning, are more risk loving, and are more prone to punish others (negative reciprocity). Data do not support the hypotheses that the result is driven by stress or by negative emotions.
format	article
author	Francesco Bogliacino Cristiano Codagnone Felipe Montealegre Frans Folkvord Camilo Gómez Rafael Charris Giovanni Liva Francisco Lupiáñez-Villanueva Giuseppe A. Veltri
author_facet	Francesco Bogliacino Cristiano Codagnone Felipe Montealegre Frans Folkvord Camilo Gómez Rafael Charris Giovanni Liva Francisco Lupiáñez-Villanueva Giuseppe A. Veltri
author_sort	Francesco Bogliacino
title	Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
title_short	Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
title_full	Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
title_fullStr	Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
title_full_unstemmed	Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
title_sort	negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis
publisher	Nature Portfolio
publishDate	2021
url	https://doaj.org/article/9439eff4313d453caaec5afd68649f8a
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Negative shocks predict change in cognitive function and preferences: assessing the negative affect and stress hypothesis

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