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Anger and economic rationality

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  • Daniel John Zizzo

Abstract

This paper evaluates the rationality of anger in the light of a standard notion of economic rationality. Whether anger is rational or otherwise cannot be answered in general, but will depend on the economic setting. As long as anger can be explained as a preference in a parsimonious and stable utility function, it does not make sense to talk of anger as rational or irrational. The production of anger is subtly mediated by many cognitive factors. These (and the anger-induced cognitive effects and intertemporal inconsistency of preferences) underlie what are the genuine problems that anger creates for rational choice.

Suggested Citation

  • Daniel John Zizzo, 2008. "Anger and economic rationality," Journal of Economic Methodology, Taylor & Francis Journals, vol. 15(2), pages 147-167.
    • Handle: RePEc:taf:jecmet:v:15:y:2008:i:2:p:147-167
    DOI: 10.1080/13501780802112841
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    Citations

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    Cited by:

    1. Federica Alberti & Sven Fischer & Werner Güth & Kei Tsutsui, 2013. "Concession Bargaining - An Experimental Comparison of Protocols and Time Horizons," Jena Economics Research Papers 2013-052, Friedrich-Schiller-University Jena.
    2. Theofanis Papageorgiou & Panayotis G. Michaelides, 2021. "Rationality and Business Cycle Theory in the Austrian Tradition: A Note on Methodology," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(4), pages 377-391, December.
    3. Federica Alberti & Sven Fischer & Werner Güth & Kei Tsutsui, 2018. "Concession Bargaining," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(9), pages 2017-2039, October.
    4. Jérôme Ballet & Emmanuel Petit & Delphine Pouchain, 2018. "What mainstream economics should learn from the ethics of care," Post-Print hal-02145302, HAL.
    5. Delphine Pouchain & Emmanuel Petit & Jérôme Ballet, 2023. "Changement climatique, colère et rationalité. Réflexions à la lumière de l’économie comportementale et du pragmatisme de John Dewey," Post-Print hal-04441881, HAL.
    6. Bernard H.J. Verstegen, 2011. "A socio‐economic view on management control," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(2), pages 114-127, January.

    More about this item

    Keywords

    anger; emotions; rationality; rational choice; cognition; C91; D11;
    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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