Is Alexithymic Individual Truly That Numb? Relationship Between Alexithymia and Loss Aversion Among Early Adulthood
DOI:
https://doi.org/10.56326/jpk.v4i2.4841Keywords:
Alexithymia, Loss Aversion, Decision MakingAbstract
Departing from Previous research, it was hypothesized that alexithymia is associated with higher loss tolerance. This hypothesis was then extended by linking it to other personality traits related to risk taking which resulted in similar results. In this current study, this assumption is evaluated using a different approach to loss aversion where loss aversion in this research is seen as a trait rather than a state. it was then discovered that alexithymia and loss aversion had a positive directional relationship along with the Pearson correlation coefficient (r) of 0.302 and p value <0.001 obtained. The finding on a coefficient of determination (R²) of 0.0927 also strengthens the influence of alexithymia on loss aversion by a bit. Explanations for results that are contrary to the previous hypothesis as well as various possible causes are also discussed in this research.
References
Abdellaoui, M., Bleichrodt, H., & Paraschiv, C. (2007). Loss Aversion Under Prospect Theory: A Parameter-Free Measurement. Management Science, 53(10), 1659–1674. https://doi.org/10.1287/mnsc.1070.0711
Arnett, J. J., zukauskiene, R., & Sugimura, K. (2014). The new life stage of emerging adulthood at ages 18–29 years: Implications for mental health. The Lancet Psychiatry, 1(7), 569–576. https://doi.org/10.1016/S2215-0366(14)00080-7
Azwar, S. (2017). Penyusunan skala psikologi (Ed. II, cet. XII). Pustaka Pelajar.
Bibby, P. A., & Ferguson, E. (2011). The ability to process emotional information predicts loss aversion. Personality and Individual Differences, 51(3), 263–266. https://doi.org/10.1016/j.paid.2010.05.001
Brust-Renck, P. G., Weldon, R. B., & Reyna, V. F. (2021). Judgment and Decision Making. In P. G. Brust-Renck, R. B. Weldon, & V. F. Reyna, Oxford Research Encyclopedia of Psychology. Oxford University Press. https://doi.org/10.1093/acrefore/9780190236557.013.536
Chen, X., Wu, Z., Zhan, B., Ding, D., & Zhang, X. (2023). Effects of Alexithymia on Moral Decision-Making in Sacrificial Dilemmas: High Alexithymia is Associated with Weaker Sensitivity to Moral Norms. Psychology Research and Behavior Management, Volume 16, 2315–2325. https://doi.org/10.2147/PRBM.S407744
Clay, S. N., Clithero, J. A., Harris, A. M., & Reed, C. L. (2017). Loss Aversion Reflects Information Accumulation, Not Bias: A Drift-Diffusion Model Study. Frontiers in Psychology, 8, 1708. https://doi.org/10.3389/fpsyg.2017.01708
Crawford, M. (2014). Strengths and Limitations of Correlational Design. Unpublished. https://doi.org/10.13140/RG.2.1.4195.7920
Dansereau, D. F., Knight, D. K., & Flynn, P. M. (2013). Improving adolescent judgment and decision making. Professional Psychology: Research and Practice, 44(4), 274–282. https://doi.org/10.1037/a0032495
Ferguson, E., Bibby, P. A., Rosamond, S., O’Grady, C., Parcell, A., Amos, C., McCutcheon, C., & O’Carroll, R. (2009). Alexithymia, Cumulative Feedback, and Differential Response Patterns on the Iowa Gambling Task. Journal of Personality, 77(3), 883–902. https://doi.org/10.1111/j.1467-6494.2009.00568.x
Georgantzis, N., & Navarro-Martinez, D. (2010). Understanding the WTA–WTP gap: Attitudes, feelings, uncertainty and personality. Journal of Economic Psychology, 31(6), 895–907. https://doi.org/10.1016/j.joep.2010.07.004
Halpern-Felsher, B., Baker, M., & Stitzel, S. (2016). Decision-Making in Adolescents and Young Adults. In M. A. Diefenbach, S. Miller-Halegoua, & D. J. Bowen (Ed.), Handbook of Health Decision Science (hlm. 157–167). Springer New York. https://doi.org/10.1007/978-1-4939-3486-7_12
Icenogle, G., & Cauffman, E. (2021). Adolescent decision making: A decade in review. Journal of Research on Adolescence, 31(4), 1006–1022. https://doi.org/10.1111/jora.12608
Kahneman, D. (2011). Thinking, fast and slow (1st ed). Farrar, Straus and Giroux.
Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), 263. https://doi.org/10.2307/1914185
Kahneman, D., & Tversky, A. (1984). Choices, values, and frames. American Psychologist, 39(4), 341–350. https://doi.org/10.1037/0003-066X.39.4.341
Lejarraga, T., & Hertwig, R. (2022). Three Theories of Choice and Their Psychology of Losses. Perspectives on Psychological Science, 17(2), 334–345. https://doi.org/10.1177/17456916211001332
Lerner, J. S., Li, Y., Valdesolo, P., & Kassam, K. S. (2015). Emotion and Decision Making. Annual Review of Psychology, 66(1), 799–823. https://doi.org/10.1146/annurev-psych-010213-115043
Mrkva, K., Johnson, E. J., Gachter, S., & Herrmann, A. (2020). Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated. Journal of Consumer Psychology, 30(3), 407–428. https://doi.org/10.1002/jcpy.1156
Mukherjee, S. (2019). Revise the Belief in Loss Aversion. Frontiers in Psychology, 10, 2723. https://doi.org/10.3389/fpsyg.2019.02723
Paraschiv, C., & L’Haridon, O. (2008). Loss Aversion: Origin, Components and Marketing Implications. Recherche et Applications En Marketing (English Edition), 23(2), 67–82. https://doi.org/10.1177/205157070802300204
Preece, D., Becerra, R., Robinson, K., Dandy, J., & Allan, A. (2018). The psychometric assessment of alexithymia: Development and validation of the Perth Alexithymia Questionnaire. Personality and Individual Differences, 132, 32–44. https://doi.org/10.1016/j.paid.2018.05.011
Saefudin, M.A. (2022). Konstruksi Skala Loss aversion (SLA) (https://etd.repository.ugm.ac.id/penelitian/detail/208052) [Universitas Gajah Mada]. http://etd.repository.ugm.ac.id/.
Simon, H. A. (1955). A Behavioral Model of Rational Choice. The Quarterly Journal of Economics, 69(1), 99. https://doi.org/10.2307/1884852
Strough, J., & Bruine De Bruin, W. (2020). Decision Making Across Adulthood. Annual Review of Developmental Psychology, 2(1), 345–363. https://doi.org/10.1146/annurev-devpsych-051120-010038
Taylor, G. J., & Bagby, R. M. (2000). An overview of the alexithymia construct,”. in Handbook of Emotional Intelligence (hlm. 41–67). eds Bar–On R., Parker J. D. A.
Timoney, L. R., & Holder, M. D. (2013). Emotional Processing Deficits and Happiness: Assessing the Measurement, Correlates, and Well-Being of People with Alexithymia. Springer Netherlands. https://doi.org/10.1007/978-94-007-7177-2
Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Kluwer Academic Publisher, 5:297-323. http://www.jstor.org/stable/41755005
Yao, J., & Li, D. (2013). Bounded rationality as a source of loss aversion and optimism: A study of psychological adaptation under incomplete information. Journal of Economic Dynamics and Control, 37(1), 18–31. https://doi.org/10.1016/j.jedc.2012.07.002
Zhang, L., Wang, X., Zhu, Y., Li, H., Zhu, C., Yu, F., & Wang, K. (2017). Selective impairment of decision making under ambiguity in alexithymia. BMC Psychiatry, 17(1), 378. https://doi.org/10.1186/s12888-017-1537-2
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Baya Qalbu Hanifah, Nikmah Sofia Afiati
This work is licensed under a Creative Commons Attribution 4.0 International License.
