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Anger, Rationality and Neuroeconomics

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  • Daniel John Zizzo

Abstract

This paper employs neurobehavioral and psychological evidence to argue that anger is an emotion arising from significant cognitive processing, one that, in relation to economic decision-making, may be subtly mediated by many factors (including intentions). Anger is an emotion implying a higher likelihood of a behavioral response directed against the object of anger. The medial and possibly other prefrontal cortex regions play an important role in anger processing, whereas the amygdala does not. Any eventual difficulty for rational choice may come more from the difficulty of understanding the cognitive underpinnings of anger than from understanding the emotional process itself.

Suggested Citation

  • Daniel John Zizzo, 2003. "Anger, Rationality and Neuroeconomics," Economics Series Working Papers 182, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:wpaper:182
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    File URL: https://ora.ox.ac.uk/objects/uuid:79951bd4-a463-49fb-a41c-a8e0bd220758
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    References listed on IDEAS

    as
    1. Hoffman Elizabeth & McCabe Kevin & Shachat Keith & Smith Vernon, 1994. "Preferences, Property Rights, and Anonymity in Bargaining Games," Games and Economic Behavior, Elsevier, vol. 7(3), pages 346-380, November.
    2. Hoffman, Elizabeth & McCabe, Kevin A & Smith, Vernon L, 1996. "On Expectations and the Monetary Stakes in Ultimatum Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 25(3), pages 289-301.
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    Cited by:

    1. Fernando Oliveira, 2010. "Modeling Emotions and Reason in Agent-Based Systems," Computational Economics, Springer;Society for Computational Economics, vol. 35(2), pages 155-164, February.
    2. Dr. Peter Kenning & Hilke Plassmann, 2004. "NeuroEconomics," Experimental 0412005, University Library of Munich, Germany.

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    More about this item

    Keywords

    Anger; Emotions; Neuroeconomics; Rationality.;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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