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

How to Cite?: Avinash Jagtap, Rajendra Gurao, "The Role of Emotions in Decision-making", Volume 5 Issue 5, May 2016, International Journal of Science and Research (IJSR), Pages: 2080-2085, https://www.ijsr.net/getabstract.php?paperid=NOV163907, DOI: https://dx.doi.org/10.21275/NOV163907