Emotion Regulation And Decision Making Under Risk And Uncertainty

Topics: Decision making, Emotion, Psychology Pages: 9 (7829 words) Published: July 15, 2015
2010, Vol. 10, No. 2, 257–265

© 2010 American Psychological Association
1528-3542/10/$12.00 DOI: 10.1037/a0018489

Emotion Regulation and Decision Making Under Risk and Uncertainty Renata M. Heilman and Liviu G. Cris¸an

Daniel Houser

Babes¸-Bolyai University

George Mason University

Mircea Miclea and Andrei C. Miu
Babes¸-Bolyai University

It is well established that emotion plays a key role in human social and economic decision making. The recent literature on emotion regulation (ER), however, highlights that humans typically make efforts to control emotion experiences. This leaves open the possibility that decision effects previously attributed to acute emotion may be a consequence of acute ER strategies such as cognitive reappraisal and expressive suppression. In Study 1, we manipulated ER of laboratory-induced fear and disgust, and found that the cognitive reappraisal of these negative emotions promotes risky decisions (reduces risk aversion) in the Balloon Analogue Risk Task and is associated with increased performance in the prehunch/hunch period of the Iowa Gambling Task. In Study 2, we found that naturally occurring negative emotions also increase risk aversion in Balloon Analogue Risk Task, but the incidental use of cognitive reappraisal of emotions impedes this effect. We offer evidence that the increased effectiveness of cognitive reappraisal in reducing the experience of emotions underlies its beneficial effects on decision making. Keywords: emotion regulation, cognitive reappraisal, expressive suppression, decision making, risk aversion

we find that the decision effects of emotion vary according to the way in which a person regulates the emotion experience.
Various theoretical approaches have indicated that, contrary to traditional thinking in psychology and economics (Neisser, 1967; Simon, 1956), emotions play an active role in some forms of
decision making. Regardless of whether they have been assimilated to the “goodness” or “badness” of alternatives for action (Slovic et al., 2007), attributed to activation in basic appetitive or defensive motivational systems (Bradley & Lang, 2007; Loewenstein & O’Donoghue, 2004), or reduced to somatic markers associated with current or past behavioral outcomes (Bechara, Damasio, & Damasio, 2000), emotions have been consistently

shown to influence decision making.
In the emerging neuroeconomics literature, brain lesion, functional neuroimaging, and neurophysiological studies in animal models and humans have begun to shed light on the neural foundation of emotion and decision (Coricelli, Dolan, & Sirigu, 2007; O’Doherty & Bossaerts, 2008; Rangel, Camerer, & Montague,

2008; Seymour & Dolan, 2008). These studies suggest that humans can anticipate the emotional impact of potential future decisions using processes that involve the amygdala as well as the ventromedial prefrontal cortex (Bechara, Damasio, Damasio, & Lee, 1999; De Martino, Kumaran, Seymour, & Dolan, 2006;

Weller, Levin, Shiv, & Bechara, 2007). This type of anticipation can be adaptive in that emotions such as anxiety or disgust have been shown to impair decision making (Lerner, Small, & Loewenstein, 2004; Preston, Buchanan, Stansfield, & Bechara, 2007), even when physiological responses properly signal disadvantageous alternatives (Miu, Heilman, & Houser, 2008). The intrinsic role of emotion in decision is all the more important as the value of prospects (i.e., actions with uncertain rewards) is computed in “emotion– cognition brain hubs” (Pessoa, 2008)

It is well established that emotion plays a key role in human social and economic decision making (see, e.g., Elster, 1998; Loewenstein, 2000; Peters, Va¨stfja¨ll, Ga¨rling, & Slovic, 2006). People evaluate objective features of alternatives such as expected return in a subjective way (Edwards, 1962; Kahneman & Tversky, 1979), and emotions are understood to influence these subjective evaluations (Loewenstein & O’Donoghue,...

References: (2007). Amygdala–frontal connectivity during emotion regulation. Social Cognitive and Affective Neuroscience, 2, 303–312.
Baumeister, R. F. (2003). Ego depletion and self-regulation failure: A
resource model of self-control
Bechara, A., Damasio, H., & Damasio, A. R. (2000). Emotion, decision
making and the orbitofrontal cortex
Bechara, A., Damasio, H., Damasio, A. R., & Lee, G. P. (1999). Different
contributions of the human amygdala and ventromedial prefrontal cortex
to decision-making. Journal of Neuroscience, 19, 5473–5481.
Bechara, A., Damasio, H., Tranel, D., & Damasio, A. R. (1997, February
Bradley, M. M., & Lang, P. J. (2007). Emotion and motivation. In J. T.
Brand, M., Kalbe, E., Labudda, K., Fujiwara, E., Kessler, J., & Markowitsch, H. J. (2005). Decision-making impairments in patients with pathological gambling. Psychiatry Research, 133, 91–99.
Canli, T., Ferri, J., & Duman, E. A. (2009). Genetics of emotion regulation.
Chandler, R. A., Wakeley, J., Goodwin, G. M., & Rogers, R. D. (2009).
Coricelli, G., Dolan, R. J., & Sirigu, A. (2007). Brain, emotion and decision
making: The paradigmatic example of regret
Damasio, A. R. (2005). Descartes’ error: Emotion, reason, and the human
Delgado, M. R., Gillis, M. M., & Phelps, E. A. (2008). Regulating the
expectation of reward via cognitive strategies
De Martino, B., Kumaran, D., Seymour, B., & Dolan, R. J. (2006, August
Edwards, W. (1962). Subjective probabilities inferred from decisions.
Elster, J. (1998). Emotions and economic theory. Journal of Economic
Literature, 36, 47–74.
Fessler, D. M. T., Pillsworth, E. G., & Flamson, T. J. (2004). Angry men
and disgusted women: An evolutionary approach to the influence of
Frijda, N. H. (1988). The laws of emotion. American Psychologist, 43,
349 –358.
Gasper, K., & Clore, G. L. (1998). The persistent use of negative affect by
anxious individuals to estimate risk
Psychology, 74, 1350 –1363.
George, S., Rogers, R. D., & Duka, T. (2005). The acute effect of alcohol
on decision making in social drinkers
Goldin, P. R., Manber, T., Hakimi, S., Canli, T., & Gross, J. J. (2009).
Goldin, P. R., McRae, K., Ramel, W., & Gross, J. J. (2008). The neural
bases of emotion regulation: Reappraisal and suppression of negative
Gramzow, R. H., Willard, G., & Mendes, W. B. (2008). Big tales and cool
heads: Academic exaggeration is related to cardiac vagal reactivity.
Gross, J. J. (1998a). Antecedent- and response-focused emotion regulation:
Divergent consequences for experience, expression, and physiology.
Gross, J. J. (1998b). The emerging field of emotion regulation: An integrative review. Review of General Psychology, 2, 271–299.
Gross, J. J. (2002). Emotion regulation: Affective, cognitive, and social
Gross, J. J. (2008). Emotion regulation. In M. Lewis, J. M. Haviland-Jones,
& L
Gross, J. J., & John, O. P. (2003). Individual differences in two emotion
regulation processes: Implications for affect, relationships, and wellbeing
Gross, J. J., & Levenson, R. W. (1997). Hiding feelings: The acute effects
of inhibiting negative and positive emotion
Gross, J. J., & Thompson, R. A. (2007). Emotion regulation: Conceptual
Holt, C. A., & Laury, S. K. (2002). Risk aversion and incentive effects. The
American Economic Review, 92, 1644 –1655.
Kahneman, D. (2003). A perspective on judgment and choice: Mapping
bounded rationality
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of
decision under risk
Kreibig, S. D., Wilhelm, F. H., Roth, W. T., & Gross, J. J. (2007).
Leith, K. P., & Baumeister, R. F. (1996). Why do bad moods increase
self-defeating behavior? Emotion, risk taking, and self-regulation
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Emotions and Decision Making Essay
  • Effects of Emotion Regulation on Risk Aversion Essay
  • Operations Research Decision Making Under Uncertainty Essay
  • Essay about Decision Theory
  • Essay about Emotion Regulation
  • Risk and Uncertainity in the Decision Making Essay
  • Judgment and Decision Making Essay
  • Decision Making Under Certainty Uncert Essay

Become a StudyMode Member

Sign Up - It's Free
Stream in HD | Hunter X Hunter 185 | 22'' Lifelike Newborn Silicone Vinyl Reborn Gift Baby Doll Handmade Reborn Dolls