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Emotions and economic expectations: A field study

Author

Listed:
  • Uri Benzion

    () (Western Galilee College)

  • Shosh Shahrabani

    () (The Max Stern Emek Yezreel College)

  • Tal Shavit

    () (School of Business Administration, College of Management)

  • Rumy Weiss

    () (Center for Academic Studies Or-Yehuda)

Abstract

The current field study examines emotions, evoked by a fire disaster, and economic expectations of people who were exposed to a fire disaster in Israel. We find that negative emotions are correlated with expectations regarding the economic self-improvement, as well as expectations for national economic improvement

Suggested Citation

  • Uri Benzion & Shosh Shahrabani & Tal Shavit & Rumy Weiss, 2012. "Emotions and economic expectations: A field study," Economics Bulletin, AccessEcon, vol. 32(2), pages 1455-1460.
  • Handle: RePEc:ebl:ecbull:eb-12-00188
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I2-P139.pdf
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    References listed on IDEAS

    as
    1. Daniel Vastfjall & Ellen Peters & Paul Slovic, 2008. "Affect, risk perception and future optimism after the tsunami disaster," Judgment and Decision Making, Society for Judgment and Decision Making, pages 64-72.
    2. Johnson, Eric J & Hershey, John & Meszaros, Jacqueline & Kunreuther, Howard, 1993. "Framing, Probability Distortions, and Insurance Decisions," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 35-51, August.
    3. Hanoch, Yaniv, 2002. ""Neither an angel nor an ant": Emotion as an aid to bounded rationality," Journal of Economic Psychology, Elsevier, vol. 23(1), pages 1-25, February.
    4. Brian M. Lucey & Michael Dowling, 2005. "The Role of Feelings in Investor Decision-Making," Journal of Economic Surveys, Wiley Blackwell, vol. 19(2), pages 211-237, April.
    5. George Loewenstein, 2000. "Emotions in Economic Theory and Economic Behavior," American Economic Review, American Economic Association, pages 426-432.
    6. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, pages 47-74.
    7. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, pages 133-141.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic expectations; Emotions; Field study; Disaster.;

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • A1 - General Economics and Teaching - - General Economics

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