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      Emotion and decision making.

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          Abstract

          A revolution in the science of emotion has emerged in recent decades, with the potential to create a paradigm shift in decision theories. The research reveals that emotions constitute potent, pervasive, predictable, sometimes harmful and sometimes beneficial drivers of decision making. Across different domains, important regularities appear in the mechanisms through which emotions influence judgments and choices. We organize and analyze what has been learned from the past 35 years of work on emotion and decision making. In so doing, we propose the emotion-imbued choice model, which accounts for inputs from traditional rational choice theory and from newer emotion research, synthesizing scientific models.

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          Most cited references 124

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          Prospect Theory: An Analysis of Decision under Risk

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            Individual differences in two emotion regulation processes: Implications for affect, relationships, and well-being.

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              The role of positive emotions in positive psychology: The broaden-and-build theory of positive emotions.

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                Author and article information

                Journal
                Annu Rev Psychol
                Annual review of psychology
                1545-2085
                0066-4308
                Jan 3 2015
                : 66
                Affiliations
                [1 ] Harvard Kennedy School, Harvard University, Cambridge, Massachusetts 02138; email: jennifer_lerner@harvard.edu.
                Article
                10.1146/annurev-psych-010213-115043
                25251484

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