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Emotions as a mechanism for boundedly rational agents: The fast and frugal way

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  • Muramatsu, Roberta
  • Hanoch, Yaniv
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    File URL: http://www.sciencedirect.com/science/article/B6V8H-4CCFBGP-1/2/804af79699585d758d6977f99da634f1
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Economic Psychology.

    Volume (Year): 26 (2005)
    Issue (Month): 2 (April)
    Pages: 201-221

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    Handle: RePEc:eee:joepsy:v:26:y:2005:i:2:p:201-221

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    Web page: http://www.elsevier.com/locate/joep

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    References

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    1. Rabin, Matthew, 1997. "Psychology and Economics," Department of Economics, Working Paper Series qt8jd5z5j2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    2. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
    3. Kaufman, Bruce E., 1999. "Emotional arousal as a source of bounded rationality," Journal of Economic Behavior & Organization, Elsevier, vol. 38(2), pages 135-144, February.
    4. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56, pages 279.
    5. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
    6. Hanoch, Yaniv, 2002. "The effects of emotions on bounded rationality: a comment on Kaufman," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 131-135, September.
    7. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
    8. Berger, Lawrence A., 1989. "Economics and Hermeneutics," Economics and Philosophy, Cambridge University Press, vol. 5(02), pages 209-234, October.
    9. Skinner, Andrew S, 1979. "Adam Smith: An Aspect of Modern Economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 26(2), pages 109-25, June.
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    Cited by:
    1. Marechal, Kevin, 2007. "The economics of climate change and the change of climate in economics," Energy Policy, Elsevier, vol. 35(10), pages 5181-5194, October.
    2. Christoph H. Loch & D. Charles Galunic & Susan Schneider, 2006. "Balancing cooperation and competition in human groups: the role of emotional algorithms and evolution," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(2-3), pages 217-233.
    3. Brundin, Ethel & Gustavsson, Veronica, 2008. "Escalation of Commitment in Investment Decisions: The Role of Emotions under Uncertainty," CISEG Working Papers Series 3, Centre for Innovation Systems, Entrepreneurship and Growth, Jönköping International Business School.
    4. John P. Papay & Richard J. Murnane & John B. Willett, 2011. "How Performance Information Affects Human-Capital Investment Decisions: The Impact of Test-Score Labels on Educational Outcomes," NBER Working Papers 17120, National Bureau of Economic Research, Inc.

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