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
A case study of a workplace wellness program that offers financial incentives for weight loss
John Cawley,Joshua A. Price +1 more
TL;DR: Examination of the outcomes of 2635 workers across 24 worksites who were offered financial incentives for weight loss that took various forms, including fixed payments and forfeitable bonds offers suggestions, motivated by behavioral economics, for increasing the effectiveness of financial incentivesfor weight loss.
Journal ArticleDOI
'O Sole Mio: An Experimental Analysis of Weather and Risk Attitudes in Financial Decisions
TL;DR: In this article, the authors employed the multiple price list method of Holt and Laury (2002) to provide direct experimental evidence that sunshine and good weather promote risk taking behavior, after controlling for other variables such as gender, religion and income.
Posted Content
Lay Rationalism and Inconsistency between Predicted Experience and Decision
TL;DR: The authors found that people are more likely to favor a rationalistically-superior option when they make a decision than when they predict experience, and that decision-makers may be too cold and overly focus on rationalistic attributes such as economic values, quantitative specifications, and functions.
Journal ArticleDOI
Numeracy and the Perception and Communication of Risk
TL;DR: This paper focuses on a small but important piece of the risk communication/perception puzzle, namely how individuals who differ in number ability comprehend and use numeric information about risks differently.
Journal ArticleDOI
Annual Research Review: Transdiagnostic neuroscience of child and adolescent mental disorders--differentiating decision making in attention-deficit/hyperactivity disorder, conduct disorder, depression, and anxiety.
Edmund J.S. Sonuga-Barke,Samuele Cortese,Samuele Cortese,Graeme Fairchild,Argyris Stringaris +4 more
TL;DR: In this article, a neuroeconomic model of the decision-making process with separate stages for the prechoice evaluation of expected utility of future options; choice execution and postchoice management; the appraisal of outcome against expectation; and the updating of value estimates to guide future decisions.
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.