An interoceptive walk down wall street

Publisher:
Elsevier
Publication Type:
Chapter
Citation:
Biophysical Measurement in Experimental Social Science Research: Theory and Practice, 2019, pp. 149-165
Issue Date:
2019-01-01
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Interoception is the ability for an individual to detect changes in the supportive, exchange, and regulatory systems of the body. Being consciously or subconsciously aware of these types of subtle bodily changes has the potential to inform decision making through neurobiological feedback mechanisms. From a theoretical perspective, the brain stores (learns) a relationship between a class of complex endogenous circumstances and physiological responses through repeated exposure. This learned relationship then serves to provide a visceral perception or “gut feeling” of how to behave even before it is consciously apparent that the endogenous circumstances are occurring. Measures of interoception have been used in a number of financial and economic situations, from the Iowa gambling task to predicting loss aversion, usually operationalized as the ability to detect one’s heartbeat. In this chapter, we look at how to measure interoceptive ability in experiments. We then show how measures of interoception can be used to investigate whether it predicts good outcomes in the risky decision making of financial professionals.
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