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A Closer Look on the Relation Between Nostalgia and Risk Taking

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  • Lau Lilleholt, University of Copenhagen
  • ,
  • Ingo Zettler, University of Copenhagen
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 languageEnglish
JournalPersonality and Social Psychology Bulletin
Pages (from-to)600 - 611
Number of pages12
Publication statusPublished - Apr 2023

    Research areas

  • emotions, nostalgia, replication, risk aversion, risk-seeking, risk-taking

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