Thinking and Feeling
AbstractMistakes give us a window into the brain. Just as optical illusions help us understand visual information processing, mistaken choices help us understand decision-making. The mistakes described below suggest that economics can usefully segregate decision mechanisms into two broad categories - those based on thoughts and those based on feelings. Consideration of these mistakes suggests that economists will be better able to interpret the growing body of seemingly anomalous evidence about human behavior if they treat thoughts and feelings more symmetrically.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 90 (2000)
Issue (Month): 2 (May)
Other versions of this item:
- D10 - Microeconomics - - Household Behavior - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- J. Atsu Amegashie & Marco Runkel, 2008.
"The Paradoxes of Revenge in Conflicts,"
0805, University of Guelph, Department of Economics and Finance.
- Hermalin, Benjamin E. & Isen, Alice M., 1999.
"The Effect of Affect and Economic and Strategic Decision Making,"
Department of Economics, Working Paper Series
qt4fn1b57s, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Benjamin E. Hermalin & Alice M. Isen, 2000. "The Effect of Affect on Economic and Strategic Decision Making," Method and Hist of Econ Thought 9912001, EconWPA.
- Benjamin E. Hermalin and Alice M. Isen., 1999. "The Effect of Affect on Economic and Strategic Decision Making," Economics Working Papers E99-270, University of California at Berkeley.
- Benjamin E. Hermalin & Alice M. Isen, 2000. "The Effect of Affect on Economic and Strategic Decision Making," Econometric Society World Congress 2000 Contributed Papers 1136, Econometric Society.
- Edward L. Glaeser, 2004.
"Psychology and the Market,"
American Economic Review,
American Economic Association, vol. 94(2), pages 408-413, May.
- Grant, Simon & Karni, Edi, 2003.
"Why Does It Matter That Beliefs and Valuations Be Correctly Represented?,"
2003-02, Rice University, Department of Economics.
- Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, 08.
- Grant, S. & Karni, E., 2002. "Why Does it Matter that Beliefs and Valuations be Correctly Represented?," Discussion Paper 2002-12, Tilburg University, Center for Economic Research.
- Stracca, Livio, 2004. "Behavioral finance and asset prices: Where do we stand?," Journal of Economic Psychology, Elsevier, vol. 25(3), pages 373-405, June.
- Cao, Melanie & Wei, Jason, 2005. "Stock market returns: A note on temperature anomaly," Journal of Banking & Finance, Elsevier, vol. 29(6), pages 1559-1573, June.
- Anastasios Koukoumelis & M. Vittoria Levati, 2012. "An experiment investigating the spill-over effects of voicing outrage," Jena Economic Research Papers 2012-007, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Lucy F. Ackert & Bryan K. Church & Richard Deaves, 2003. "Emotion and financial markets," Economic Review, Federal Reserve Bank of Atlanta, issue Q2, pages 33-41.
- Benjamin Hermalin & Alice Isen, 2008. "A model of the effect of affect on economic decision making," Quantitative Marketing and Economics, Springer, vol. 6(1), pages 17-40, March.
- Edward L. Glaeser, 2002.
"The Political Economy of Hatred,"
NBER Working Papers
9171, National Bureau of Economic Research, Inc.
- Edi Karni & Tim Salmon & Barry Sopher, 2008.
"Individual sense of fairness: an experimental study,"
Springer, vol. 11(2), pages 174-189, June.
- Barry Sopher & Edi Karni & Tim Salmon, 2001. "Individual Sense of Fairness: An Experimental Study," Departmental Working Papers 200107, Rutgers University, Department of Economics.
- Mamatzakis, E, 2013. "Does weather affect US bank loan efficiency?," MPRA Paper 51616, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros) or (Michael P. Albert).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.