Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147947
Authors: 
Wälde, Klaus
Moors, Agnes
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10261
Abstract: 
Positive and negative feelings were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory ignored feelings, behavioral economics more recently reintroduced feelings in utility theory. Beyond feelings, economic theorists use full-fledged specific emotions to explain behavior that otherwise could not be understood or they study emotions out of interest for the emotion itself. While some analyses display a strong overlap between psychological thinking and economic modelling, in most cases there is still a large gap between economic and psychological approaches to emotion research. Ways how to reduce this gap are discussed.
Subjects: 
emotions
decision making
theory
JEL: 
A12
B0
D03
Document Type: 
Working Paper

Files in This Item:
File
Size
127.19 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.