Impact of Emotions On Decisions
Much research has been conducted on the various impacts of emotion on decision-making. Studies indicate the complexity and breadth of those impacts. Listed below are some examples of their results.
- Decision-makers who were made to consider safety concerns that induced negative emotions when deciding which car to purchase, were more likely to “choose not to choose,” or to stick with the status quo.
- Study participants who experienced “frustrated anger” were more likely to choose a high risk, high reward option in a lottery – a choice the authors categorize as “self-defeating."
- "Fearful people made pessimistic judgements of future events whereas angry people made optimistic judgements."
- Study participants who had been induced to feel sad were likely to set a lower selling price for an item they were asked to sell; the researchers suggest that selling the item would bring about a change in the participants’ circumstances and thus perhaps a positive change in mood.
- Participants with “normal emotion processing” were engaged in a card-drawing task. When drawing from “dangerous decks" and consequently experiencing losses and the associated negative emotions, they subsequently made safer and more lucrative choices. Participants with brain damage that had left them unable to experience such emotional responses, did not change their behavior in this way.
Read more about this topic: Emotions In Decision-making
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