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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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          An argument for basic emotions

           Paul Ekman (1992)
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            Author and article information

            Affiliations
            [1 ]Harvard Kennedy School, Harvard University, Cambridge, Massachusetts 02138; email:
            [2 ]School of Business Administration, University of California, Riverside, California 92521; email:
            [3 ]Department of Psychology, Claremont McKenna College, Claremont, California 91711; email:
            [4 ]Department of Social and Decision Sciences, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213; email:
            Journal
            Annual Review of Psychology
            Annu. Rev. Psychol.
            Annual Reviews
            0066-4308
            1545-2085
            January 03 2015
            January 03 2015
            : 66
            : 1
            : 799-823
            10.1146/annurev-psych-010213-115043
            © 2015

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