Affect Heuristic
A mental shortcut where current emotions influence decisions, often bypassing logic and reasoning.
18 topics found for
“emotional decision-making”
Cold States
Emotional states where individuals are calm and rational, often contrasted with hot states where emotions run high.
Risk-as-Feelings Theory
A theory that emphasizes the role of emotions in risk perception and decision-making, where feelings about risk often diverge from cognitive assessments.
Affective Forecasting
The process of predicting how one will feel in the future, which often involves biases and inaccuracies.
Impact Bias
The tendency to overestimate the duration or intensity of the emotional impact of future events.
Winner’s Curse
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Regret Aversion
A tendency to avoid making decisions that might lead to regret, influencing risk-taking and decision-making behaviors.
Reference Dependence
A cognitive bias where individuals evaluate outcomes relative to a reference point rather than on an absolute scale.
Loss Aversion
A cognitive bias where the pain of losing is psychologically more powerful than the pleasure of gaining.