Reconstructing Compound Affective States using Physiological Sensor Data

Does Eye-Tracking Have an Effect on Economic Behavior?

“…In this regard the coexistence of joy and fear in the EG task could provide an indication of guilt (Coulter and Pinto, 1995), and this guilt from difficulty calibrating could be driving results. Second, Saxena et al (2020) find that anxiety is an auxiliary emotional state that is strongly correlated (0.97 correlation) with fear. The strong correlation between fear and anxiety may be a possible explanation for the link between fear and higher levels of risk aversion (Eisenbach and Schmalz, 2016).…”

“…In the Holt and Laury game, these calibration outliers drove statistical differences between the treatment and control group. Further exploration of these results using choice process data on facial expressions collected by the facial engine coding, Affectiva AFFDEX, while participants were doing the study suggest that multiple calibration attempts are marginally correlated with feelings of fear, which are correlated with anxiety and guilt (Saxena et al, 2020), and that these feelings of fear are significantly correlated with taking less risky choices in both risk games.…”