Emotions and Economic Preference

Tamara Todorova () and Bharath Ramachandran

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Abstract: We wish to examine critically the viewpoint that: a) economists take too narrow a view of rationality and do not recognize the role of emotions as a component of rationality and b) do not address the question of whether preferences are rational or not, and instead take them as just given. We trace the relationship between economics and emotions showing some economic dimensions of emotional states. We illustrate them with examples of economic behavior based on emotional reactions.

Keywords: Rationality; Emotions (search for similar items in EconPapers)
JEL-codes: A12 A13 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:148646

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