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Research Paper | Statistics | India | Volume 5 Issue 5, May 2016 | Popularity: 6.8 / 10
The Role of Emotions in Decision-making
Avinash Jagtap, Rajendra Gurao
Abstract: A good decision making process is expected, and often required, to be free from emotions. It is done in order to ensure that decision-making is objective. There is a strong belief among decision theorists that objective decision making is unbiased and is more likely to produce good results. This paper discusses some possible effects of emotions on decision making. It also discusses an experiment and its outcome, that was conducted to validate or otherwise, the claimed objectively of decision making being free from emotions. The main outcome of the experiment was the finding that decision-makers achieve better performance in decision making if they are able to control the possible biases produced by their feelings.
Keywords: emotional information processing, affective influence regulation, affective reactivity, emotion differentiation, partial mediation model
Edition: Volume 5 Issue 5, May 2016
Pages: 2080 - 2085
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