Journal ArticleDOI
Risk as feelings.
Reads0
Chats0
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
More filters
Journal ArticleDOI
Subsistence and Sustainability: From Micro-Level Behavioral Insights to Macro-Level Implications on Consumption, Conservation, and the Environment
TL;DR: In this paper, the authors developed micro-level behavioral insights at the intersection of poverty and the environment and derive macro-marketing implications for marketing management, and public policy in subsistence marketplaces.
ReportDOI
Crash Beliefs From Investor Surveys
William N. Goetzmann,William N. Goetzmann,Dasol Kim,Robert J. Shiller,Robert J. Shiller,Robert J. Shiller +5 more
TL;DR: This article examined the factors that influence investor responses and test the role of media influence and found that recent market declines and adverse market events made salient by the financial press are associated with higher subjective crash probabilities.
Journal ArticleDOI
Interactive graphics for expressing health risks: development and qualitative evaluation.
TL;DR: A prototype for a risk communication module was developed, focusing on eliciting users' preferences for different interactive graphics and assessing usability and user interpretations, which appeared to have potential for expressing risk magnitude as well as the feeling of risk.
Journal ArticleDOI
Anticipating Divine Protection? Reminders of God Can Increase Nonmoral Risk Taking
TL;DR: Exposure to the concept of God can actually increase people’s willingness to engage in certain types of risks and contributes to an understanding of the divergent effects that distinct components of religion can exert on behavior.
Journal ArticleDOI
On emotional innumeracy: Predicted and actual affective responses to grand-scale tragedies
TL;DR: This paper showed that people overestimate the intensity of their emotional responses to grand-scale tragedies, and that people feel equally sad regardless of the number of people killed, regardless of their actual emotional responses.
References
More filters
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.