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Emotions in Economy
- Introduction
- Central theoretical contributions on emotions in economic decision-making
- Theories of the emotion–cognition link
- Theoretical foundations on emotions from behavioral economists
- Experimental evidence on anticipated and immediate emotions in economic decision-making
- Economics of happiness
- Emotions in organizations and corporations
- Organizational impacts as a cause of our emotional states
- Emotional intelligence as a cause of organizational performance
- Positive emotions as a cause of organizational performance
- Conclusion
- Bibliography
Abstract
About twenty years ago, George Loewenstein (1996: 289) concluded that “[with] all its cleverness…decision theory is somewhat crippled emotionally, and thus detached from the emotional and visceral richness of life.” Since then, research on emotions and economy has grown substantially. A search in EconLit database in 2015 produced about 200 articles with the word emotions in their titles, with the bulk of these articles appearing after 2000.
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