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Rational actors or rational fools: implications of the affect heuristic for behavioral economics

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  • Slovic, Paul
  • Finucane, Melissa
  • Peters, Ellen
  • MacGregor, Donald G.

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  • Slovic, Paul & Finucane, Melissa & Peters, Ellen & MacGregor, Donald G., 2002. "Rational actors or rational fools: implications of the affect heuristic for behavioral economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(4), pages 329-342.
  • Handle: RePEc:eee:soceco:v:31:y:2002:i:4:p:329-342
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    References listed on IDEAS

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    1. Hsee, Christopher K., 1996. "Elastic Justification: How Unjustifiable Factors Influence Judgments," Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(1), pages 122-129, April.
    2. Loewenstein, George, 1996. "Out of Control: Visceral Influences on Behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(3), pages 272-292, March.
    3. Ordonez, Lisa & Benson, Lehman, 1997. "Decisions under Time Pressure: How Time Constraint Affects Risky Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(2), pages 121-140, August.
    4. Fetherstonhaugh, David & Slovic, Paul & Johnson, Stephen & Friedrich, James, 1997. "Insensitivity to the Value of Human Life: A Study of Psychophysical Numbing," Journal of Risk and Uncertainty, Springer, vol. 14(3), pages 283-300, May-June.
    5. Kahneman,Daniel & Slovic,Paul & Tversky,Amos (ed.), 1982. "Judgment under Uncertainty," Cambridge Books, Cambridge University Press, number 9780521284141.
    6. Mellers, Barbara A. & Richards, Virginia & Birnbaum, Michael H., 1992. "Distributional theories of impression formation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 51(3), pages 313-343, April.
    7. Hsee, Christopher K., 1995. "Elastic Justification: How Tempting but Task-Irrelevant Factors Influence Decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 62(3), pages 330-337, June.
    8. Hsee, Christopher K., 1996. "The Evaluability Hypothesis: An Explanation for Preference Reversals between Joint and Separate Evaluations of Alternatives," Organizational Behavior and Human Decision Processes, Elsevier, vol. 67(3), pages 247-257, September.
    9. Baron, Jonathan, 1997. "Confusion of Relative and Absolute Risk in Valuation," Journal of Risk and Uncertainty, Springer, vol. 14(3), pages 301-309, May-June.
    10. Kahneman, Daniel & Schkade, David & Sunstein, Cass R, 1998. "Shared Outrage and Erratic Awards: The Psychology of Punitive Damages," Journal of Risk and Uncertainty, Springer, vol. 16(1), pages 49-86, April.
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