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Sep 22, 2014 · The research reveals that emotions constitute potent, pervasive, predictable, sometimes harmful and sometimes beneficial drivers of decision making. Across different domains, important...
- Keywords
- Abstract
- EMOTIONAL IMPACT ON JUDGMENT AND DECISION MAKING: EIGHT MAJOR THEMES
- Theme 8. Unwanted Effects of Emotion on Decision Making Can Be Reduced Under Certain Circumstances
- DISCLOSURE STATEMENT
- (Frederick et al 2002, Loewenstein & Prelec 1992).
- S-IV. ADDITIONAL DEFINITIONS LIST
affect, mood, appraisal tendency, judgment, choice, behavioral economics
A revolution in the science of emotion has emerged in recent decades, with the potential to create a paradigm shift in decision theories. The research reveals that emotions constitute potent, pervasive, predictable, sometimes harmful and sometimes beneficial drivers of decision making. Across dif-ferent domains, important regularities appear in the...
In our survey of research on emotion and decision making, eight major themes of scientific in-quiry emerged. Consistent with the fact that the field is in its infancy, these themes typically (a) vary in the amount of research conducted, (b) contain few competing theories, (c) include few definitive conclusions, (d) display relative homogeneity in m...
Numerous strategies have been examined for minimizing the effects of emotions on decision making in situations where such effects are seen as deleterious. These strategies broadly take one of two forms: (a) minimizing the magnitude of the emotional response (e.g., through time delay, reappraisal, or induction of a counteracting emotional state), or...
The authors are not aware of any affiliations, memberships, funding, or financial holdings that might be perceived as affecting the objectivity of this review.
Summary. More than half a century of JDM research has catalogued numerous empirical “anomalies” in judgments and decisions. Identifying these deviations from normative models has led to the development of more descriptively accurate models. By clarifying JDM processes, the field—often paradoxically referred to as behavioral economics despite the fa...
Rationality: accuracy and consistency of expressed beliefs as well as the degree to which choice reflects utility maximization Heuristic: Mental shortcut that generally allows quick and efficient JDM but can lead to bias under certain situations Bias: Systematic deviation from rational JDM Prospect Theory: Risky choice model that allows for refer...
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Although the relationship between emotion and decision-making has been widely discussed, previous studies have mainly investigated decision outcomes that can easily be mapped to reward and punishment, including monetary gain/loss, gustatory stimuli, and pain.
- Vimla Patel
value-based decision-making and reinforcement learning, we propose a unifying conceptual framework for understanding the neural bases of diverse forms of emotion regulation.
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Abstract A blend of research methods applied in psychology, economics and neurology has contributed to deeper understanding of the causes and effects of emotional processes in decision making. New paradigms initiated the studies on the role of emotions and cognitive processes in decision making.
- Anna Sołtys, Ilona Sowińska-Gługiewicz, Magdalena Chęć, Ernest Tyburski
- 2017
Here we review the empirical evidence, highlighting three key insights for decision making within organizations. First, emotions perme-ate JDM, taking the forms of expected emotion, experienced emotion, or dispositional emotion.
People also ask
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How do we take decisions? This book seeks explanations of emotion and decisionmaking by considering these questions. One of the distinctive properties of this book is that it develops a conceptual and evolu tionary approach to emotion (see for example Chapters 2 and 3).
