Emotions in Justice Processes

Hegtvedt, Karen A.; Parris, Christie L.

doi:10.1007/978-94-017-9130-4_6

Cited by 27 publications

(31 citation statements)

References 108 publications

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“…Literature from Psychology hypothesizes that mood affects decisions when situations are not clear or adequate information is not available (Clore et al, 1994;Forgas, 1995;Hegtvedt and Parris, 2014;Sarfraz et al, 2019). Conversely, stocks that do not have a precise valuation will give experienced investors a misrepresentation of the valuation of the stocks, and this varies with the existing state of sentiment.…”

Section: Methodsmentioning

confidence: 99%

Investor Psychology, Mood Variations, and Sustainable Cross-Sectional Returns: A Chinese Case Study on Investing in Illiquid Stocks on a Specific Day of the Week

et al. 2020

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This paper uncovers a new finding of sustainable cross-sectional variations in stock returns explained by mood fluctuations across the days of the week. Long/short leg of illiquid anomaly returns are extensively related to the days of the week, and the magnitude of excess returns is also striking [Long leg refers to portfolio deciles that earn higher excess returns. Historical evidence suggests that more illiquid stock earn higher excess returns (Amihud, 2002; Corwin and Schultz, 2012)]. The speculative leg of illiquid anomalies is the long leg (Birru, 2018) [The speculative leg falls into the long leg of anomaly because more illiquid stocks are sensitive to investor sentiment (Birru, 2018)]. Therefore, the long (speculative) leg experiences more sustainable high returns on Friday than the short (non-speculative) leg. At the same time, relatively higher long (speculative) leg returns were witnessed on Friday than Monday with a greater magnitude difference. These cross-sectional variations in illiquid stocks on specific days are consistent with the explanation of the limit to arbitrage. The observed variations in cross-sectional returns are sustained and consistent with plenty of evidence from psychology research regarding the low mood on Monday and high mood on Friday.

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Section: Methodsmentioning

confidence: 99%

Investor Psychology, Mood Variations, and Sustainable Cross-Sectional Returns: A Chinese Case Study on Investing in Illiquid Stocks on a Specific Day of the Week

et al. 2020

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“…Anger is associated with events appraised as undesirable and caused by others. Its intensity should rise with goal relevance (e.g., if self‐esteem is involved), perceived unfairness and intentionality (Hegtvedt & Parris, 2014; Smith et al, 2008; Weiner, 2006). The corresponding action tendency is to approach (e.g., restoration of justice, retribution, holding culprit responsible).…”

Section: Anti‐elite Mobilization and Pocketbook Angermentioning

confidence: 99%

Anti‐elite politics and emotional reactions to socio‐economic problems: Experimental evidence on “pocketbook anger” from France, Germany, and the United States

Marx

2020

British Journal of Sociology

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Many observers have noticed the importance of anger in contemporary politics, particularly with reference to populism. This article addresses the question under which conditions people become angry about a specific aspect of their lives: their personal financial situation. Specifically, it asks if populist anti‐elite rhetoric has a causal influence on anger and if this influence differs across socio‐economic groups. The theoretical expectation is that anti‐elite rhetoric allows people to externalize responsibility for an unfavorable financial situation and thereby to turn negative self‐conscious emotions into anger. The argument is tested with original survey data from France, Germany, and the United States. The empirical analysis yields three main insights. First, negative emotional reactions to respondents’ personal finances (and anger in particular) are surprisingly widespread in all three countries. Second, there is a pronounced socio‐economic gradient in the distribution of anger and other negative emotions. Third, and most importantly, randomly exposing participants to populist anti‐elite rhetoric causes considerably higher expressed anger about one's financial situation in France and Germany, but less so in the United States. This suggests a causal role of anti‐elite rhetoric in stirring “pocketbook anger.” This is true in particular in the middle classes. The notion that populist rhetoric reduces negative self‐conscious emotions, such as shame, is not supported by the data.

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“…Theoretical and empirical work in social psychology highlights the consequences of the sense of distributive injustice—the evaluation of unfairness in the distribution of outcomes (for reviews, see Colquitt et al 2001; Hegtvedt and Parris 2014; Robbins, Ford, and Tetrick 2012). Following equity theory (Adams 1965; Walster, Walster, and Berscheid 1978), scholars have documented the influence of a prominent type of distributive injustice—the sense of unjust earnings—on a variety of emotional, health, and behavioral indicators.…”

mentioning

confidence: 99%

Job Pressure, the Work-Family Interface, and the Sense of Distributive Injustice: An Elaboration of Work-Related Inputs among Twenty-First Century Workers

Narisada

2020

Soc Psychol Q

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Research in social psychology demonstrates that the sense of distributive injustice has emotional, health, and behavioral consequences. It is therefore important to assess how individuals come to perceive their earnings as unjust. I provide new insights to this question by integrating perspectives in distributive justice, the stress process, and the work-family interface. Specifically, I describe a model that delineates how excessive work pressures elevate workers’ sense of what they should earn through actions and strains in the work-family interface. Using data from a 2017 sample of Canadian workers, the results indicate that higher job pressure is associated with a greater expectation of rewards. Part of this association is indirect through role blurring behavior and work-to-family conflict, and this mechanism is intensified for parents. Collectively, these discoveries expand the scope of what counts as inputs in shaping employees’ sense of what they should justly earn.

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Emotions in Justice Processes

Cited by 27 publications

References 108 publications

Investor Psychology, Mood Variations, and Sustainable Cross-Sectional Returns: A Chinese Case Study on Investing in Illiquid Stocks on a Specific Day of the Week

Investor Psychology, Mood Variations, and Sustainable Cross-Sectional Returns: A Chinese Case Study on Investing in Illiquid Stocks on a Specific Day of the Week

Anti‐elite politics and emotional reactions to socio‐economic problems: Experimental evidence on “pocketbook anger” from France, Germany, and the United States

Job Pressure, the Work-Family Interface, and the Sense of Distributive Injustice: An Elaboration of Work-Related Inputs among Twenty-First Century Workers

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