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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The emotional dog and its rational tail: a social intuitionist approach to moral judgment.
TL;DR: The author gives 4 reasons for considering the hypothesis that moral reasoning does not cause moral judgment; rather, moral reasoning is usually a post hoc construction, generated after a judgment has been reached.
Journal ArticleDOI
Gender Differences in Preferences
Rachel Croson,Uri Gneezy +1 more
TL;DR: This paper reviewed the literature on gender differences in economic experiments and identified robust differences in risk preferences, social (other-regarding) preferences, and competitive preferences, speculating on the source of these differences and their implications.
Journal ArticleDOI
A perspective on judgment and choice: Mapping bounded rationality.
TL;DR: Determinants and consequences of accessibility help explain the central results of prospect theory, framing effects, the heuristic process of attribute substitution, and the characteristic biases that result from the substitution of nonextensional for extensional attributes.
Journal ArticleDOI
Maps of Bounded Rationality: Psychology for Behavioral Economics
TL;DR: Kahneman as mentioned in this paper made a statement based on worked out together with Shane Federik the quirkiness of human judgment, which was later used in his speech at the Nobel Prize in economics.
Book
Heuristics and Biases: The Psychology of Intuitive Judgment
TL;DR: In this article, a review is presented of the book "Heuristics and Biases: The Psychology of Intuitive Judgment, edited by Thomas Gilovich, Dale Griffin, and Daniel Kahneman".
References
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Journal ArticleDOI
Perceived consequences of risky behaviors: Adults and adolescents.
TL;DR: This paper found that taking and avoiding a risk are logically complementary actions, however, they did not prove to be psychologically complementary, indicating shared beliefs about the possibilities of taking or avoiding risks.
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Shared Outrage and Erratic Awards: The Psychology of Punitive Damages
TL;DR: An experimental study of punitive damage awards in personal injury cases was conducted, using jury-eligible respondents as mentioned in this paper, and they found substantial consensus on judgments of the outrageousness of a defendant's actions and of the appropriate severity of punishment.
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On the automatic nature of phobic fear: conditioned electrodermal responses to masked fear-relevant stimuli.
Arne Öhman,Joaquim J. Soares +1 more
TL;DR: In support of a hypothesis that suggests that nonconscious information-processing mechanisms are sufficient to activate responses to fear-relevant stimuli, differential skin conductance response to masked conditioning and control stimuli was obvious only for subjects conditioned toFear- relevant stimuli.
Journal ArticleDOI
Conditioning, remembering, and forgetting.
TL;DR: Theories of learning and memory have been artificially separated for many years as discussed by the authors, and it is argued that the separation should be abandoned, since learning, remembering, and forgetting all occur within the same biological context; their adaptive functions are therefore intertwined.