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
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The Construction of Preference: Constructing Preferences From Memory
Elke U. Weber,Eric Johnson +1 more
TL;DR: This chapter argues that the view of preference changes if conceptualized explicitly as the product of memory representations and memory processes, and suggests that a consideration of properties of memory representation and retrieval may provide a unifying explanatory framework for some seemingly disparate preference phenomena.
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Public perception of climate risk and adaptation in the UK: A review of the literature
TL;DR: In this paper, a UK-specific review of climate change beliefs, risk perceptions regarding potential climate change impacts, and attitudes towards climate change adaptation is provided, and the effects of emotion, agency, perceived responsibility, place attachment, personal values and uncertainty on the willingness of UK residents to support and engage with climate change adaptations are discussed.
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Intention to Engage in Digital Piracy A Conceptual Model and Empirical Test
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Investor sentiment and calendar anomaly effects: A case study of the impact of Ramadan on Islamic Middle Eastern markets
TL;DR: In this paper, the authors examined whether or not this is reflected in positive calendar anomalies effects in Islamic Middle Eastern stock markets during the period 1992-2007 and found that market returns in the first and last days of Ramadan show high levels of statistically significant year-on-year variation.
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.