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
Mindful judgment and decision making
Elke U. Weber,Eric Johnson +1 more
TL;DR: A full range of psychological processes have been put into play to explain judgment and choice phenomena as mentioned in this paper, including automatic processes, automatic processes have gotten closer attention, and the emotions revolution has put affective processes on a footing equal to cognitive ones.
Journal ArticleDOI
Culture and Identity-Protective Cognition: Explaining the White-Male Effect in Risk Perception
TL;DR: The white-male effect as mentioned in this paper suggests that individuals selectively credit and dismiss asserted dangers in a manner supportive of their cultural identities, which reflects the risk skepticism that hierarchical and individualistic white males display when activities integral to their cultural identity are challenged as harmful.
Journal ArticleDOI
Rational actors or rational fools: implications of the affect heuristic for behavioral economics
TL;DR: This article describe two fundamental modes of thinking: experiential and analytic, deliberative and reason based thinking, where the former is intuitive, automatic, natural, and based upon images to which positive and negative affective feelings have been attached through learning and experience.
Journal ArticleDOI
Choice and the relative pleasure of consequences.
TL;DR: Attempts to model pleasure and pain in terms of utilities, decision weights, and counterfactual comparisons are examined.
Journal ArticleDOI
The Role of Affective Experience in Work Motivation
TL;DR: Based on psychological and neurobiological theories of core affective experience, a set of direct and indirect paths through which affective feelings at work affect three dimensions of behavior: direction, intensity, and persistence are identified.
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.