Emotion and Decision Making - Harvard University

Emotions and Decision Making , p. 1 Emotion and Decision Making Jennifer S. Lerner Harvard University Ye Li University of California, Riverside Piercarlo Valdesolo Claremont McKenna College Karim Kassam Carnegie Mellon University Draft Date: 16 June 2014 Manuscript submitted for publication in the Annual Review of Psychology Emotions and Decision Making , p. 2 Contents I. Introduction .. 3 II. Emotional Impact on Judgment and Decision Making : Eight Major Themes .. 5 Theme 1: Integral emotions influence Decision Making .. 5 Theme 2: Incidental emotions influence Decision Making .. 7 Theme 3: Valence is not the only way that emotions influence Decision Making .. 9 Theme 4: Emotions shape decisions via the content of thought .. 12 Theme 5: Emotions shape the depth of thought .. 16 Theme 6: Emotions shape decisions via goal activation .. 18 Theme 7: Emotions influence interpersonal Decision Making .

-- Herbert Simon, 1983, Reason in Human Affairs, p. 29 I. INTRODUCTION Nobel Laureate Herbert Simon (1967, 1983) launched a revolution in decision theory when he introduced bounded rationality, a concept that would require refining existing models of rational choice to include cognitive and situational constraints. But as the quote above reveals,

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