Negative emotion accumulation and personal motivation
Understanding how emotions stemming from negative outcomes affect investment decisions is critical for studying choice under uncertainty. I build a framework to study how past and anticipated negative emotions interact with an agent’s preference and environment to influence her investment level. I s...
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| Main Author: | |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
Universitätsbibliothek Heidelberg
2024
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| Series: | AWI discussion paper series
no. 757 (December 2024) |
| In: |
AWI discussion paper series (no. 757 (December 2024))
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| DOI: | 10.11588/heidok.00035773 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: https://archiv.ub.uni-heidelberg.de/volltextserver/35773/7/Staner_Negative_Emotion_dp757_2024.pdf Resolving-System, kostenfrei: https://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-357737 Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00035773 Verlag, kostenfrei, Volltext: http://www.ub.uni-heidelberg.de/archiv/35773 Resolving-System, kostenfrei: https://hdl.handle.net/10419/312871 |
| Author Notes: | Clément Staner |
| Summary: | Understanding how emotions stemming from negative outcomes affect investment decisions is critical for studying choice under uncertainty. I build a framework to study how past and anticipated negative emotions interact with an agent’s preference and environment to influence her investment level. I show that the dynamic effect of emotions on decisions is more complicated than previously thought and requires a careful analysis of the decision environment to build correct predictions. Using baseball data, I show how to use the theoretical framework empirically to investigate the dynamic impact of emotion and find that it leads to suboptimal pitch velocity decisions. |
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| Item Description: | Discussion Paper Series / University of Heidelberg, Department of Economics ; 757 (December 2024) |
| Physical Description: | Online Resource |
| DOI: | 10.11588/heidok.00035773 |