all negative moods are not equal raghunathan

#All negative moods are not equal raghunathan driver#

Regarding the field of psychology, scientists believe that emotions are the prevailing driver of most substantial decisions in life (e.g Lazarus, 1991 Loewenstein et al., 2001).Īlthough numerous publications on emotional impact on decision-making have been published to date, the majority is concerned with the comparison of solely two (negative) emotions on a specific situational context such as risk-taking. By now, the involved scientific disciplines reach from philosophy, through psychology, to (affective) neuroscience (Bechara, Damasio, & Damasio, 2000 Solomon, 2010). In recent years, scholarly publications on emotions and decision-making doubled from 2004 to 2007 and again from 2007 to 2011 and have thus reached approximately 430 annual publications in 2013 (Lerner et al., 2015). Regarding this as a starting point, decision research has begun to give attention to emotional influence in decisions and with the upcoming field of behavioral economics in the 1980s, the topic ultimately gained its relevance in research (Rick & Loewenstein, 2010). However, this approach failed to integrate the role of emotions in its explanation to understand human rationality. The discussion of cognitive and situational constraints on models of rational choice has its origin in 1967, when Herbert Simon introduced the theory of bounded rationality (Simon, 1967). Key wordsĮmotion decision-making judgment affect cognition choice risk fear anger sadness disgust Introduction The review of outcome effects has indicated that, in many cases, emotions of the same valence but with different appraisals can exert opposing effects on the decision outcome. Negative emotions turned out to constitute major influence on judgment, choice and decision-making. For this purpose it brings together traditional and contemporary theories from the field of emotion and decision-making and, building on this, reviews highly recognized and accepted research works that have concentrated on outcome effects.

This paper presents a selective, qualitative review of the influence of the negative emotions fear, anger, sadness and disgust on the domains of judgment, choice and decision-making. Over the last four decades the topic of emotions and decision-making has gained relevance among psychologists. How might specific negative emotions influence judgment, choice and decision-making? Synthesizing Traditional and Contemporary Scientific Models Emotional Impact on Judgment, Choice and Decision-Makingįrom Valence-based Approaches to Emotion-specific Influences

All negative moods are not equal raghunathan