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
Gender, risk and stereotypes
TL;DR: In this paper, the authors investigate whether subjects' own risk preferences and gender stereotypes are reflected in the predictions they make for the risk preferences of others and the way this occurs when predicting other people's risk preferences.
Journal ArticleDOI
Judging the Risk of Financial Instruments: Problems and Potential Remedies
TL;DR: In this article, the authors demonstrate that the labels firms use to describe financial instruments and derivatives cause investors to assess economically equivalent instruments as different in terms of risk, and they also show that loss-only disclosures that companies use for describing their risks cause investors not to assess the same level of risk for firms with differing underlying exposures.
Journal ArticleDOI
Neural basis of emotional decision making in trait anxiety
Pengfei Xu,Ruolei Gu,Lucas S. Broster,Runguo Wu,Nicholas T. Van Dam,Nicholas T. Van Dam,Yang Jiang,Jin Fan,Yuejia Luo +8 more
TL;DR: The findings suggest that trait anxiety is not associated with subjective risk preference but an evaluative bias of emotional information in decision making, underpinned by a hyperactive emotional system and a hypoactive analytic system in the brain.
Journal ArticleDOI
The Pleasures and Pains of Information
TL;DR: In this article, the authors argue that information serves not only as an input into decision-making, but is also a source of pleasure and pain in its own right, and that this has diverse consequences for human decision making.
Journal ArticleDOI
An empirical study about the intention to hoard food during COVID-19 pandemic
Nguyen Ngoc Long,Bui Huy Khoi +1 more
TL;DR: In this paper, the authors examined the expanded TPB model with the risk perception variable of intention to hoard food under the COVID-19 pandemic condition and showed that a high risk perception will cause the intention to buy goods that no longer follow the common sense.
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.