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Individuals vary in their willingness to take financial risks. Here we show that variants of two genes that regulate dopamine and serotonin neurotransmission and have been previously linked to emotional behavior, anxiety and addiction (5-HTTLPR and DRD4) are significant determinants of risk...
Persistent link: https://www.econbiz.de/10005623528
the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal … for the hypothesis that emotions help decision-making. Last, we discuss the implications for choices in concrete vs …
Persistent link: https://www.econbiz.de/10005656356
various contributions of this neuroeconomic approach to three main economic domains: The individual decision-making, the risk …
Persistent link: https://www.econbiz.de/10008680232
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
decision making for a long time. Judgmental processes involved in risk perception and decision making have traditionally been … picture started to change in the early 1980s when decision researchers looked beyond rational, deliberate, and cognitive … --- aspects of decision making. In sum, decision research has seen a proliferation of approaches that look beyond rational …
Persistent link: https://www.econbiz.de/10005000612
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011255774
In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our 'hot' treatment the second player responds to the first player's observed action while in our 'cold' treatment we follow the 'strategy...
Persistent link: https://www.econbiz.de/10010538384
We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation between emotions and bidding behavior in a second...
Persistent link: https://www.econbiz.de/10005137109
emotion measures. Finally, in light of these discussions we suggest future directions for the investigation of emotions and …
Persistent link: https://www.econbiz.de/10010817375
We investigated whether 20 emotional states, reported by 170 participants after participating in a Trust game, were experienced in a patterned way predicted by the “Recalibrational Model” or Valence Models. According to the Recalibrational Model, new information about trust-based interaction...
Persistent link: https://www.econbiz.de/10010817391