Showing 1 - 10 of 17
for the hypothesis that emotions help decision-making. Last, we discuss the implications for choices in concrete vs …Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in … the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal …
Persistent link: https://www.econbiz.de/10005656356
We model the brain as a multi-agent organization. Based on recent neuroscience evidence, we assume that different … restriction on optimal choices generates endogenous constraints in decision-making. In this game played between brain systems, we …
Persistent link: https://www.econbiz.de/10005662301
This paper addresses the nature, formalization, and neural bases of (affective) social ties and discusses the relevance of ties for health economics. A social tie is defined as an affective weight attached by an individual to the well-being of another individual (‘utility interdependence’)....
Persistent link: https://www.econbiz.de/10005666453
bidders anticipate positive or negative emotions caused by the mere fact of winning or losing. Even if the "emotional" (dis …
Persistent link: https://www.econbiz.de/10005498113
emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is …
Persistent link: https://www.econbiz.de/10011083543
Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment we investigate whether a 24-hour cooling-off period leads to fewer rejections in ultimatum bargaining. We conduct a standard cash treatment and a lottery treatment, where subjects...
Persistent link: https://www.econbiz.de/10005661953
of emotions, using the emotion data from the experiment and recent psychological findings. We also find that people …We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The …
Persistent link: https://www.econbiz.de/10005791308
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005123778
take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting … risk involved, and that (among all the measures considered) only emotions can explain our results, albeit in ways that are …
Persistent link: https://www.econbiz.de/10005124205
experienced emotions influence decision making. … variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision but before the resolution of the investment risk; (iii) after the resolution of the investment …
Persistent link: https://www.econbiz.de/10005136625