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"Neither an angel nor an ant": Emotion as an aid to bounded rationality

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  • Hanoch, Yaniv

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  • 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.
  • Handle: RePEc:eee:joepsy:v:23:y:2002:i:1:p:1-25
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    References listed on IDEAS

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    1. Rook, Dennis W, 1985. " The Ritual Dimension of Consumer Behavior," Journal of Consumer Research, Oxford University Press, vol. 12(3), pages 251-264, December.
    2. Earl, Peter E, 1990. "Economics and Psychology: A Survey," Economic Journal, Royal Economic Society, vol. 100(402), pages 718-755, September.
    3. Berger, Lawrence A., 1989. "Economics and Hermeneutics," Economics and Philosophy, Cambridge University Press, vol. 5(02), pages 209-234, October.
    4. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    5. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
    6. Arnould, Eric J & Price, Linda L, 1993. " River Magic: Extraordinary Experience and the Extended Service Encounter," Journal of Consumer Research, Oxford University Press, vol. 20(1), pages 24-45, June.
    7. repec:cup:apsrev:v:79:y:1985:i:02:p:293-304_22 is not listed on IDEAS
    8. Shiv, Baba & Fedorikhin, Alexander, 1999. " Heart and Mind in Conflict: The Interplay of Affect and Cognition in Consumer Decision Making," Journal of Consumer Research, Oxford University Press, vol. 26(3), pages 278-292, December.
    9. W. Bentley MacLeod, 1996. "Decision, Contract, and Emotion: Some Economics for a Complex and Confusing World," Canadian Journal of Economics, Canadian Economics Association, vol. 29(4), pages 788-810, November.
    10. Marchionatti, Roberto, 1999. "On Keynes' Animal Spirits," Kyklos, Wiley Blackwell, vol. 52(3), pages 415-439.
    11. Pham, Michel Tuan, 1998. " Representativeness, Relevance, and the Use of Feelings in Decision Making," Journal of Consumer Research, Oxford University Press, vol. 25(2), pages 144-159, September.
    12. Augier, Mie & Kreiner, Kristian, 2000. "Rationality, Imagination and Intelligence: Some Boundaries in Human Decision-Making," Industrial and Corporate Change, Oxford University Press, vol. 9(4), pages 659-681, December.
    13. George Loewenstein, 2000. "Emotions in Economic Theory and Economic Behavior," American Economic Review, American Economic Association, vol. 90(2), pages 426-432, May.
    14. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 47-74, March.
    15. Shira B. Lewin, 1996. "Economics and Psychology: Lessons for Our Own Day from the Early Twentieth Century," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1293-1323, September.
    16. Heiner, Ronald A, 1983. "The Origin of Predictable Behavior," American Economic Review, American Economic Association, vol. 73(4), pages 560-595, September.
    17. James G. March, 1978. "Bounded Rationality, Ambiguity, and the Engineering of Choice," Bell Journal of Economics, The RAND Corporation, vol. 9(2), pages 587-608, Autumn.
    18. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
    19. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
    20. 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.
    21. Celsi, Richard L & Rose, Randall L & Leigh, Thomas W, 1993. " An Exploration of High-Risk Leisure Consumption through Skydiving," Journal of Consumer Research, Oxford University Press, vol. 20(1), pages 1-23, June.
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    Cited by:

    1. Thijssen, J.J.J., 2003. "Investment under uncertainty, market evolution and coalition spillovers in a game theoretic perspective," Other publications TiSEM 672073a6-492e-4621-8d4a-0, Tilburg University, School of Economics and Management.
    2. Robert A. Olsen, 2010. "Toward a theory of behavioral finance: implications from the natural sciences," Qualitative Research in Financial Markets, Emerald Group Publishing, vol. 2(2), pages 100-128, June.
    3. Todd Guilfoos & Andreas Pape, 2016. "Predicting human cooperation in the Prisoner’s Dilemma using case-based decision theory," Theory and Decision, Springer, vol. 80(1), pages 1-32, January.
    4. Maartje Weerdesteijn, 2015. "Stopping Mass Atrocities: Targeting the Dictator," Politics and Governance, Cogitatio Press, vol. 3(3), pages 53-66.
    5. Osimani, Barbara, 2012. "Risk information processing and rational ignoring in the health context," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 169-179.
    6. Shu, Hui-Chu, 2010. "Investor mood and financial markets," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 267-282, November.
    7. 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.
    8. Dowling, Michael & Lucey, Brian M., 2005. "Weather, biorhythms, beliefs and stock returns--Some preliminary Irish evidence," International Review of Financial Analysis, Elsevier, vol. 14(3), pages 337-355.
    9. Ariel Eggrickx & Agnès Mazars-Chapelon, 2007. "Performance, Emotions Et Bureaucratie," Post-Print halshs-00543087, HAL.
    10. Emmanuel PETIT (GREThA UMR CNRS 5113), 2010. "The role of regret in the persistence of anomalies in financial markets (In French)," Cahiers du GREThA 2010-07, Groupe de Recherche en Economie Théorique et Appliquée.
    11. Roman Kräussl & Ronald Bosman & Thomas van Galen, 2014. "Emotions-at-Risk: An Experimental Investigation into Emotions, Option Prices and Risk Perception," LSF Research Working Paper Series 14-11, Luxembourg School of Finance, University of Luxembourg.
    12. repec:spr:manint:v:46:y:2006:i:2:d:10.1007_s11575-006-0045-2 is not listed on IDEAS
    13. Michaël Lainé, 2016. "The heterogeneity of animal spirits: a first taxonomy of entrepreneurs with regard to investment expectations," Post-Print hal-01744745, HAL.
    14. Jennifer Mencl & Douglas May, 2009. "The Effects of Proximity and Empathy on Ethical Decision-Making: An Exploratory Investigation," Journal of Business Ethics, Springer, vol. 85(2), pages 201-226, March.
    15. Frantz, Roger, 2003. "Herbert Simon. Artificial intelligence as a framework for understanding intuition," Journal of Economic Psychology, Elsevier, vol. 24(2), pages 265-277, April.
    16. repec:spr:amsrev:v:6:y:2016:i:3:d:10.1007_s13162-016-0086-z is not listed on IDEAS
    17. Olsen, Robert A., 2008. "Trust as risk and the foundation of investment value," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2189-2200, December.

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