Journal ArticleDOI
Risk as feelings.
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TLDR
This article proposed the risk-as-feelings hypothesis, which highlights the role of affect experienced at the moment of decision making, and showed that emotional reactions to risky situations often diverge from cognitive assessments of those risks.Abstract:
Virtually all current theories of choice under risk or uncertainty are cognitive and consequentialist. They assume that people assess the desirability and likelihood of possible outcomes of choice alternatives and integrate this information through some type of expectation-based calculus to arrive at a decision. The authors propose an alternative theoretical perspective, the risk-as-feelings hypothesis, that highlights the role of affect experienced at the moment of decision making. Drawing on research from clinical, physiological, and other subfields of psychology, they show that emotional reactions to risky situations often diverge from cognitive assessments of those risks. When such divergence occurs, emotional reactions often drive behavior. The risk-as-feelings hypothesis is shown to explain a wide range of phenomena that have resisted interpretation in cognitive-consequentialist terms.read more
Citations
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Journal ArticleDOI
Absolute and Comparative Risk Perceptions as Predictors of Cancer Worry: Moderating Effects of Gender and Psychological Distress
TL;DR: In this paper, the authors examined the relationship between risk perceptions for cancer measured on absolute scales and on comparative scales (e.g., "What is the likelihood that you will get cancer?") and explored whether these relationships are moderated by three clinically relevant variables-gender, levels of psychological distress, and cancer experience.
Journal ArticleDOI
Prior Attitudes, Salient Value Similarity, and Dimensionality: Toward an Integrative Model of Trust in Risk Regulation
TL;DR: In this paper, three British datasets on genetically modified food were used to test the plausibility of a causal model that integrates three different approaches to trust: dimensional, salient value similarity, and associationist.
Journal ArticleDOI
The genetics of economic risk preferences
TL;DR: This article examined the influence of genetics on economic risk preferences by administering a measure of these preferences to monozygotic (MZ) and dizygotic (DZ) twin pairs, and found that over half of the variation in such preferences can be explained by genetic factors, with the remainder of the variance explained by environmental influences not shared among sibling twins.
Journal ArticleDOI
Trust as a social and emotional act: Noneconomic considerations in trust behavior
TL;DR: This paper found that people trust even when their expectations of reward fall below their general tolerance for risk, even when they have been assigned to a specific counterpart in the game, even though their economic expectations and payoffs remain unchanged.
Journal ArticleDOI
Behavioral Economics and Environmental Policy
TL;DR: In this paper, an interpretive survey on implications of insights from behavioral economics for environmental policy is provided, and the authors conclude that behavioral economics has a lot to offer environmental eco-nomics and that some normative policy recommendations have to be modified.
References
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Journal ArticleDOI
Prospect theory: analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
Book
Understanding Attitudes and Predicting Social Behavior
Icek Ajzen,Martin Fishbein +1 more
TL;DR: In this paper, the author explains "theory and reasoned action" model and then applies the model to various cases in attitude courses, such as self-defense and self-care.
Book
Handbook of social psychology
TL;DR: In this paper, Neuberg and Heine discuss the notion of belonging, acceptance, belonging, and belonging in the social world, and discuss the relationship between friendship, membership, status, power, and subordination.
Book
Descartes' Error: Emotion, Reason, and the Human Brain
TL;DR: The authors argued that rational decisions are not the product of logic alone - they require the support of emotion and feeling, drawing on his experience with neurological patients affected with brain damage, Dr Damasio showed how absence of emotions and feelings can break down rationality.