A Closer Look on the Relation Between Nostalgia and Risk Taking
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Building on the work of Zou et al. (2019) we took a closer look at the relation between nostalgia and financial risk-taking across three preregistered, well-powered studies (overall N = 2,804). In Study 1 and Study 2 we first tested whether nostalgia fosters or hampers dysfunctional and/or functional financial risk-taking. Finding no evidence to suggest that nostalgia fosters or hampers neither functional nor dysfunctional financial risk-taking, we continued to test if the link between nostalgia and financial risk-taking reported by Zou et al. (2019) could be replicated and extended to other domains of risk-taking in Study 3. By and large, the relation between nostalgia and financial risk-taking could not be replicated nor extended to any other domains of risk-taking. Combined, these results nourish doubt on the robustness of the link between nostalgia and risk-taking observed by Zou et al. (2019).
Original language | English |
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Journal | Personality and Social Psychology Bulletin |
Volume | 49 |
Issue number | 4 |
Pages (from-to) | 600-611 |
ISSN | 0146-1672 |
DOIs | |
Publication status | Published - 2023 |
ID: 289321886