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Rationality and Emotions in Decision Making

Author

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  • Olga Markic

    (University of Ljubljana)

Abstract

Decision making is traditionally viewed as a rational process where reason calculates the best way to achieve the goal. Investigations from different areas of cognitive science have shown that human decisions and actions are much more influenced by intuition and emotional responses then it was previously thought. In this paper I examine the role of emotion in decision making, particularly Damasio's hypothesis of somatic markers and Green's dual process theory of moral judgment. I conclude the paper with the discussion of the threat that deliberation and conscious rationality is an illusion.

Suggested Citation

  • Olga Markic, 2009. "Rationality and Emotions in Decision Making," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 7(2), pages 54-64.
    • Handle: RePEc:zna:indecs:v:7:y:2009:i:1:p:54-64
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    Citations

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    Cited by:

    1. Toma Strle, 2012. "Metacognition and Decision Making: between First and Third Person Perspective," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 10(3), pages 284-297.
    2. Grant Soosalu & Suzanne Henwood & Arun Deo, 2019. "Head, Heart, and Gut in Decision Making: Development of a Multiple Brain Preference Questionnaire," SAGE Open, , vol. 9(1), pages 21582440198, March.

    More about this item

    Keywords

    philosophy of cognitive science; decision making; emotions; the problem of free will; ethics;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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