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
The Influence of Narrative v. Statistical Information on Perceiving Vaccination Risks
TL;DR: An inverse relation between the number of narratives reporting adverse-events and vaccination intentions is shown, which was mediated by the perceived risk of vaccinating.
Journal ArticleDOI
Consumer Responses to Mattel Product Recalls Posted on Online Bulletin Boards: Exploring Two Types of Emotion
Yoonhyeung Choi,Ying-Hsuan Lin +1 more
TL;DR: In this paper, a content analysis of consumer responses to the Mattel product recall posted on online bulletin boards revealed that consumers experience a range of emotions from a crisis, including anger, fear, surprise, worry, contempt, and relief.
Journal ArticleDOI
Sanctions, perceptions, and crime: implications for criminal deterrence
TL;DR: A survey of empirical research concerning the determinants of an individual's perceptions of the risk of formal sanctions as a consequence of criminal behavior can be found in this article, where the specific questions considered are: (1) How accurate is people's knowledge about criminal sanctions? (2) How do people acquire and modify their subjective probabilities of punishment risk? (3) How how do individuals act on their risk perceptions in specific criminal contexts?
Journal ArticleDOI
Time-dependent gambling: odds now, money later.
TL;DR: In this paper, the authors investigated temporal changes in the influence of probability and payoffs on gambling and found that temporal distance increased the influence and decreased the influence on preferences of more distant gambles.
Book ChapterDOI
The availability heuristic revisited: Ease of recall and content of recall as distinct sources of information.
Norbert Schwarz,Leigh Ann Vaughn +1 more
TL;DR: According to Tversky and Kahneman's (1973, p. 208) availability heuristic, individuals estimate the frequency of an event or the likelihood of its occurrence by the ease with which instances or associations come to mind as discussed by the authors.
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.