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
Social Mood and Financial Economics
TL;DR: In this paper, the authors proposed that the general level of optimism/pessimism in society is reflected by the emotions of financial decision-makers and that the stock market itself is a direct measure or gauge of social mood.
Journal ArticleDOI
Do people “personally experience” global warming, and if so how, and does it matter?
TL;DR: The authors found that personal experience of global warming appears to heighten people's perception of the risks, likely through some combination of direct experience, vicarious experience (e.g., news media stories), and social construction.
Book ChapterDOI
Incorporating the Irrelevant: Anchors in Judgments of Belief and Value
Gretchen B. Chapman,Eric Johnson +1 more
TL;DR: For example, this article found that groups who received larger numbers determined by a wheel of fortune gave higher estimates than groups that received lower numbers, demonstrating that irrelevant anchors influenced these estimates.
Posted Content
Communication and Mental Processes: Experimental and Analytic Processing of Uncertain Climate Information
Sabine M. Marx,Elke U. Weber,Benjamin S. Orlove,Anthony Leiserowitz,David H. Krantz,Carla Roncoli,Jennifer Phillips +6 more
TL;DR: In this paper, the emotional impact of the concretization of abstract risks motivates action in ways not provided by an analytic understanding, which may lead to more comprehensible risk communication products.
Journal ArticleDOI
Risk perceptions: assessment and relationship to influenza vaccination.
Neil D. Weinstein,Abbie Kwitel,Kevin D. McCaul,Renee E. Magnan,Meg Gerrard,Frederick X. Gibbons +5 more
TL;DR: Risk perceptions predicted subsequent vaccination, however, perceived risk phrased in terms of feelings rather than as a purely cognitive probability judgment predicted better, suggesting that these theories are missing important constructs.
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.