Does boredom affect economic risk preferences?

Abstract Previous literature and conventional wisdom have led researchers to believe that boredom increases economic risk taking, but the evidence in support of this conclusion is limited has important shortcomings. In four experiments (including more than 1,300 subjects), we systematically studied effects on preferences. Across different elicitation tasks, inductions, incentive schemes, subject pools, using both reduced form structural analyses, consistently failed find an effect risky decisions. Our results disprove leads even small increments taking one-shot medium multiple-choice elicitations. These findings question established belief, contribute better understand consequences boredom, substantive implications for decision making.