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
Violence risk assessment and risk communication: the effects of using actual cases, providing instruction, and employing probability versus frequency formats.
TL;DR: This article describes studies designed to inform policy makers and practitioners about factors influencing the validity of violence risk assessment and risk communication and describes the response-scale effects found by Slovic and Monahan (1995).
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Public acceptance of nanotechnology foods and food packaging: The influence of affect and trust
TL;DR: It is suggested that social trust in the food industry is an important factor directly influencing the affect evoked by these new products, and perceived benefit seems to be the most important predictor for willingness to buy.
Journal ArticleDOI
Investment Behavior and the Negative Side of Emotion
TL;DR: The results suggest that normal participants were more affected than target patients by the outcomes of decisions made in the previous rounds of investment decisions, and were more reluctant to invest on the subsequent round.
Journal ArticleDOI
Affective and deliberative processes in risky choice: Age differences in risk taking in the Columbia Card Task.
TL;DR: In this article, the authors investigated risk taking and underlying information use in 13- to 16- and 17- to 19-year-old adolescents and in adults in 4 experiments, using a novel dynamic risk-taking task, the Columbia Card Task (CCT).
Journal ArticleDOI
Psychological foundations of dynamic capabilities: reflexion and reflection in strategic management
TL;DR: In this article, a series of countervailing insights and new prescriptions for the development of dynamic capabilities are presented, using Teece's influential framework to organize and illustrate their arguments, demonstrating how the fundamental capabilities of sensing, seizing, and transforming each require firms to harness the cognitive and emotional capacities of individuals and groups.
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.