How competition modulates risky decision making? Evidence from event-related oscillations (EROs) and event-related potentials (ERPs)

Abstract

The current research proposal envisages designing three experiments (the flow chart see Figure 6). While both the experimental approach and the design have their strengths and limitations, they will complement one another. In study 1, I sought to investigate the rewards and losses sensitivity under monetary and social competitive context by using two edited versions of classic experimental paradigms (the doors task and the island getaway task) and manipulating two ambiguity competitive contexts in order to adapt the invisible competitive pressure in the real society (Levinson et al., 2017). In study 2 and study 3, I intend to use the monetary and social BART to measure the risk preference under monetary-drive and social-drive competition. Study 2 will focus primarily on one-on-one competitive context while study 3 will replicate the similar influence in multi-people competition. In these two studies, social reference points will be considered as an important moderator in both monetary and social competition. The distance (far and near) of social reference points will also be included in these two studies.