Journal ArticleDOI
Risk as feelings.
Reads0
Chats0
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
More filters
Journal ArticleDOI
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
More filters
Journal ArticleDOI
Beyond valence: Toward a model of emotion-specific influences on judgement and choice
TL;DR: In this paper, a model of emotion-specific influences on judgement and choice is proposed, where each emotion is defined by a tendency to perceive new events and objects in ways that are consistent with the original cognitive-appraisal dimensions of the emotion.
Journal ArticleDOI
The emotion probe. Studies of motivation and attention.
TL;DR: Using a large emotional picture library, reliable affective psychophysiologies are shown, defined by the judged valence (appetitive/pleasant or aversive/unpleasant) and arousal of picture percepts.
Journal ArticleDOI
The affect heuristic in judgments of risks and benefits
TL;DR: In this paper, the inverse relationship between perceived risk and perceived benefit was examined and it was shown that people rely on affect when judging the risk and benefit of specific hazards, such as nuclear power.
Journal ArticleDOI
Out of control: Visceral influences on behavior
TL;DR: For instance, the authors argued that people often act against their self-interest in full knowledge that they are doing so; they experience a feeling of being “out of control,” and attributed this phenomenon to the operation of "visceral factors" such as hunger, thirst and sexual desire, moods and emotions, physical pain, and craving for a drug one is addicted to.
Book
Handbook of Social Cognition
Robert S. Wyer,Thomas K. Srull +1 more
TL;DR: In this article, Bargh and Ostrom describe four Horsemen of Automaticity: Awareness, Intention, Efficiency, and Control in Social Cognition, which are the four horsemen of automaticity: awareness, intention, efficiency, and control.