Universität zu Köln

Dunning, David, Fetchenhauer, Detlef and Schloesser, Thomas (2017). The varying roles played by emotion in economic decision making. Curr. Opin. Behav. Sci., 15. S. 33 - 39. AMSTERDAM: ELSEVIER SCIENCE BV. ISSN 2352-1554

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Abstract

Emotions play complex roles in economic decision-making, particularly those involving risk. We discuss recent scholarship documenting three different entry points at which emotion can influence decision-making. First, decisions can be influenced by anticipated emotions, the feelings people forecast that they will experience once the outcomes of their decisions are revealed. Second, decisions can be swayed by immediate emotions, feelings felt at the time of decision. Immediate emotions fall into two categories. First are background emotions, or feelings people just happen to feel for incidental reasons at the time they make a decision. Second are action-related emotions, or feelings evoked as participants consider each decision option open to them. We discuss how emotions evoked at different entry points can lead to mixed emotions as people consider their choices.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Dunning, David UNSPECIFIED UNSPECIFIED UNSPECIFIED Fetchenhauer, Detlef UNSPECIFIED UNSPECIFIED UNSPECIFIED Schloesser, Thomas UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-229627
DOI:	10.1016/j.cobeha.2017.05.006
Journal or Publication Title:	Curr. Opin. Behav. Sci.
Volume:	15
Page Range:	S. 33 - 39
Date:	2017
Publisher:	ELSEVIER SCIENCE BV
Place of Publication:	AMSTERDAM
ISSN:	2352-1554
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language ANTICIPATED EMOTIONS; MORAL CONDEMNATION; CHOICE; FEELINGS; RISK; REGRET; CONSEQUENCES; RATIONALITY; UNCERTAINTY; JUDGMENTS Multiple languages Behavioral Sciences; Neurosciences; Psychology, Experimental Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/22962