"Neither an Angel nor an Ant": Emotion as an Aid to Bounded Rationality

By Yaniv Hanoch. 2002

203 citations recorded by the source corpus.

Subfields: General Decision Sciences, Social Psychology, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/10bb0868c9b11eb8ddadc7a23042acae56994039

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Citations in the corpus

When less is more (2004, background): “Given our limited and imperfect mental and physical resources, emotions—and by a logical extension emotional arousal—are among the most important mental and physical architectures humans are endowed with, for they play a vital role in coping with changing and uncertain environments (Hanoch, 2002; Jo”
On emotion specificity in decision making: Why feeling is for doing (2008, background): “Bounded rationality may be helped by the existence of emotion, because emotions restrict the size of the consideration set and focus the decision maker on certain, relevant aspects of the options (Hanoch, 2001).”
Bounding rationality to the world (2003, background): “The search for evidence for the decision-making functions of these cultural and emotional processes is one of the most important areas to be mapped out (see, e.g., Hanoch, 2002, for an approach following Simon).”
Emotional Intelligence and Education: A critical review (2007, methodology): “It is from this literature that a model of the interconnectedness of emotion and reason is being developed (Ashkanasy, Hartel, & Daus, 2002; Bolton, 2000; Damasio, 1994; Hanoch, 2002a, 2002b; McPhail, 2004).”
The Role of Feelings in Investor Decision-Making (2005, unknown): “Hanoch (2002) and Etzioni (1988) also argue that emotions are important as a focusing mechanism in economic decision-making.”
Blissfully ignorant: the effects of general privacy concerns, general institutional trust, and affect in the privacy calculus (2015, background): “In this regard, consumer behavior research has also noted that emotions and affective reactions 1 constitute an ‘ aid to bounded rationality ’ (Hanoch, 2002, p. 7).”
Implications of emotion regulation on young children’s emotional wellbeing and educational achievement (2016, background): “This extensive body of evidence (Ashkanasy, Hartel, and Daus 2002; Bolton 2000; Hanoch 2002a, 2002b; McPhail 2004) indicates that emotions and cognition are intertwined, regarding emotions as main facilitators of cognitive processes.”
Measuring Financial Anxiety (2012, background): “Contrary to this view, there is beginning to be awareness of the important emotional component to effective decision making and financial competence (Burchell, 2003; Hanoch, 2002).”
Do Happy People Make Optimistic Investors (2015, background): “, Ashby, Isen, and Turken, 1999; Dreisbach and Goschke, 2004), and willingness to take risks in particular (Etzioni, 1988; Hanoch, 2002; Mehra and Sah, 2002).”
Handbook of Contemporary Behavioral Economics: Foundations and Developments (2006, background): “That is, while ends cannot be determined logically by reason, once ends are determined, it is the role of reason to take us there” (Hanoch 2002, 3).”
Weather, biorhythms, beliefs and stock returns—Some preliminary Irish evidence (2005, background): “A recent strand of economic literature has argued that people turn to their emotions to help them make these satisfying decisions when they operate under conditions of bounded rationality (Hanoch, 2002; Kaufman, 1999).”
The Role of Affect in Creative Projects and Exploratory Search (2007, unknown): “…rules that produce choice behavior [. . .] They alter one's goal prioritization (Simon, 1967), determine the relative salience of aspects of a task (Hanoch, 2002), shape cost-benefit assessments (Loewenstein, Weber, Hsee and Welch, 2001), often tell us when to stop processing information (Ketelaar…”
The Effects of Proximity and Empathy on Ethical Decision-Making: An Exploratory Investigation (2009, background): “In addition, during the past two decades there has been a resurgence in theory development and empirical work specific to the role that emotions play in decision-making (e.g., Etzioni, 1988; Hanoch, 2002; LeBar, 2001; Robinson, 2004; Simon, 1987).”