ISSN 1671-3710
CN 11-4766/R

Advances in Psychological Science ›› 2016, Vol. 24 ›› Issue (5): 676-683.doi: 10.3724/SP.J.1042.2016.00676

• Conceptual Framework • Previous Articles     Next Articles

The effect of psychological insecurity on risk preference

LU Jingyi; WANG Yue   

  1. (School of Psychology and Cognitive Science, East China Normal University, Shanghai 200062, China)
  • Received:2015-10-08 Online:2016-05-15 Published:2016-05-15
  • Contact: LU Jingyi, E-mail:


Psychological insecurity refers to the anxiety about potential harm and threat. Many individuals make decisions when they are psychologically insecure. Existing literature has revealed inconsistent results regarding the effects of psychological insecurity on risk preference, and the mechanism of such effects remains unclear. The current study proposed compensation mechanism as a mediator and option distribution as a moderator in order to investigate why and how psychological insecurity would influence risk preference. The findings would help to clarify the patterns of decision-makers’ risk preference under psychological insecurity, improve the theories of decisions under risk, and offer scientific evidence for practical implications in public administration.

Key words: psychological insecurity, risk preference, compensation, option distribution