Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Risk as feelings.

G F Loewenstein1, E U Weber, C K Hsee

  • 1Department of Social and Decision Sciences, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213-3890, USA. gl20@andrew.cmu.edu

Psychological Bulletin
|April 24, 2001
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

COVID-19 and surgical life: cross-sectional survey.

The British journal of surgery·2021
Same author

Management of Plant-parasitic Nematodes with a Chitin-Urea Soil Amendment and Other Materials.

Journal of nematology·2009
Same author

Asymmetric discounting in intertemporal choice: a query-theory account.

Psychological science·2007
Same author

A phase II study of G17DT in gastric carcinoma.

European journal of surgical oncology : the journal of the European Society of Surgical Oncology and the British Association of Surgical Oncology·2004
Same author

Researching the rural-metropolitan health differential using the 'social determinants of health'.

The Australian journal of rural health·2002
Same author

Money, kisses, and electric shocks: on the affective psychology of risk.

Psychological science·2001

Current choice theories focus on cognition, but the risk-as-feelings hypothesis shows that immediate emotional reactions significantly influence decisions under risk. Affective responses can override cognitive assessments, driving behavior in uncertain situations.

Area of Science:

  • Psychology
  • Behavioral Economics
  • Decision Science

Background:

  • Most decision-making theories are cognitive and consequentialist, assuming rational calculation of risks and outcomes.
  • These models often fail to explain behaviors observed in real-world scenarios involving risk and uncertainty.

Purpose of the Study:

  • To propose and elaborate on the risk-as-feelings hypothesis as an alternative to cognitive-consequentialist theories of choice.
  • To demonstrate how affective responses, rather than purely cognitive assessments, can drive decision-making under risk.

Main Methods:

  • Synthesizing research from clinical psychology, physiology, and other psychological subfields.
  • Analyzing instances where emotional reactions to risks differ from cognitive evaluations.

Related Experiment Videos

Main Results:

  • Emotional reactions to risky situations frequently diverge from cognitive risk assessments.
  • When cognitive and affective responses conflict, affect often dictates behavior.
  • The risk-as-feelings hypothesis successfully explains phenomena not accounted for by traditional cognitive models.

Conclusions:

  • Affective considerations play a crucial role in decision-making under risk and uncertainty.
  • The risk-as-feelings hypothesis offers a more comprehensive framework for understanding choice behavior.
  • Future research should integrate emotional factors into models of decision-making.