Expressive suppression and financial risk taking: A mediated moderation model

This research aimed to investigate the relationship between the habitual use of expressive suppression, a type of emotion regulation strategy, and risk taking in the financial domain. It also attempted to further examine gender as a possible moderator of this relationship and to explore the anticipated emotion related to negative potential outcomes as the mechanism behind this moderated effect. Two studies were conducted for these purposes. In Study 1, a total of 657 college students completed a test battery, including both the Emotion Regulation Questionnaire and the Grable and Lytton Risk Tolerance Scale. The results showed that expressive suppression was negatively related to financial risk taking, and gender moderated this relationship. In Study 2, 441 college students took a test battery including both the Emotion Regulation Questionnaire and a financial investment allocation task. The results replicated the findings in Study 1 and indicated that the anticipated emotion related to negative potential outcomes fully mediated the moderated effect of gender in the suppression-financial risk taking association. These findings implied the importance of considering gender differences in the prediction of financial choices from the perspective of emotion regulation.