Relationship Between Emotional Reactions & Statistical Decision Making

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Relationship Between Emotional Reactions and Statistical Decision Making
Researchers have discovered that emotions are essential decision-making factors since they are reliable, predictable, and maybe both detrimental and valuable. Recurrences can be found in how emotions impact perceptions and statistical decision-making in various fields. Emotional influences on statistical judgment and decision-making are being studied in areas ranging from philosophy to neuroscience. We look at what we have learned about emotion and decision-making over several years. An emotion-imbued choice, a model that incorporates traditional rational choice theory and more recent emotion research, is offered. This model proves that current scientific thought has begun to give emotion in the study of decision-making a more critical look.
Conflict Between Critical Interpretation and Emotional Responses in Decision Making
Making decisions in daily life is greatly affected by one's emotions. Modern dual-system models of decision-making embrace...