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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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  • Muramatsu, Roberta & Hanoch, Yaniv, 2005. "Emotions as a mechanism for boundedly rational agents: The fast and frugal way," Journal of Economic Psychology, Elsevier, vol. 26(2), pages 201-221, April.
    • Handle: RePEc:eee:joepsy:v:26:y:2005:i:2:p:201-221
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    1. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
    2. Ernst Fehr & Simon Gächter, 2002. "Altruistic punishment in humans," Nature, Nature, vol. 415(6868), pages 137-140, January.
    3. Berger, Lawrence A., 1989. "Economics and Hermeneutics," Economics and Philosophy, Cambridge University Press, vol. 5(2), pages 209-234, October.
    4. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
    5. Skinner, Andrew S, 1979. "Adam Smith: An Aspect of Modern Economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 26(2), pages 109-125, June.
    6. Elster,Jon, 1983. "Explaining Technical Change," Cambridge Books, Cambridge University Press, number 9780521270724.
    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. Stigler, George J., 2011. "Economics of Information," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 35-49.
    9. 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.
    10. 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.
    11. Herbert A. Simon & Massimo Egidi & Ricardo Viale & Robin Marris, 1992. "Economics, Bounded Rationality and the Cognitive Revolution," Books, Edward Elgar Publishing, number 409.
    12. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56, pages 279-279.
    13. 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.
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    Cited by:

    1. Brundin, Ethel & Gustavsson, Veronica, 2008. "Escalation of Commitment in Investment Decisions: The Role of Emotions under Uncertainty," CISEG Working Papers Series 3, Jönköping International Business School, Centre for Innovation Systems, Entrepreneurship and Growth.
    2. Carla Susana A. Assuad, 2020. "Understanding Rationality in Sustainable Development Decision-Making: Unfolding the Motivations for Action," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1086-1119, September.
    3. 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.
    4. White, Leroy, 2016. "Behavioural operational research: Towards a framework for understanding behaviour in OR interventions," European Journal of Operational Research, Elsevier, vol. 249(3), pages 827-841.
    5. John P. Papay & Richard J. Murnane & John B. Willett, 2016. "The Impact of Test Score Labels on Human-Capital Investment Decisions," Journal of Human Resources, University of Wisconsin Press, vol. 51(2), pages 357-388.
    6. 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.
    7. van Winden Frans A.A.M. & Ash Elliott, 2012. "On the Behavioral Economics of Crime," Review of Law & Economics, De Gruyter, vol. 8(1), pages 181-213, June.
    8. Bosman, Ronald & Kräussl, Roman & van Galen, Thomas, 2014. "Emotions-at-risk: An experimental investigation into emotions, option prices and risk perception," CFS Working Paper Series 495, Center for Financial Studies (CFS).
    9. Michaël Lainé, 2016. "The heterogeneity of animal spirits: a first taxonomy of entrepreneurs with regard to investment expectations," Post-Print hal-01744745, HAL.
    10. Shane Enete & Martin Seay & Sarah Asebedo & David Wang & Megan McCoy, 2022. "Understanding the influence of emotion on both time and money: applying the broaden and build theory," SN Business & Economics, Springer, vol. 2(5), pages 1-24, May.
    11. Michael Lainé, 2018. "The Confidence Paradox: Can Confidence Account for Business Cycles?," Post-Print hal-04265052, HAL.
    12. 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.

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