Psychological science, 2004-05, Vol.15 (5), p.337-341
2004
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Details
- Autor(en) / Beteiligte
- Titel
- Heart Strings and Purse Strings: Carryover Effects of Emotions on Economic Decisions
- Ist Teil von
- Psychological science, 2004-05, Vol.15 (5), p.337-341
- Ort / Verlag
- Los Angeles, CA: Blackwell Publishing
- Erscheinungsjahr
- 2004
- Quelle
- Business Source Ultimate
- Beschreibungen/Notizen
- We examined the impact of specific emotions on the endowment effect, the tendency for selling prices to exceed buying or "choice" prices for the same object. As predicted by appraisal-tendency theory, disgust induced by a prior, irrelevant situation carried over to normatively unrelated economic decisions, reducing selling and choice prices and eliminating the endowment effect. Sadness also carried over, reducing selling prices but increasing choice prices--producing a "reverse endowment effect" in which choice prices exceeded selling prices. The results demonstrate that incidental emotions can influence decisions even when real money is at stake, and that emotions of the same valence can have opposing effects on such decisions.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0956-7976eISSN: 1467-9280DOI: 10.1111/j.0956-7976.2004.00679.xTitel-ID: cdi_proquest_miscellaneous_71851000
- Format
- –
- Schlagworte
- Adolescent, Adult, Affect, Anger, Choice Behavior, Decision Making, Disgust, Economics, Emotion, Emotional expression, Emotional states, Emotions, Endowment effect, Experiments, Female, Humans, Male, Middle Aged, Money, Personality psychology, Prices, Psychology, Research Reports, Sadness, Sales, Selling price, Social psychology