Modern economic theory ignores the influence of emotions on decision-making. Emerging neuroscience evidence suggests that sound and rational decision making, in fact, depends on prior accurate emotional processing. The somatic marker hypothesis provides a systems-level neuroanatomical and cognitive framework for decision-making and its influence by emotion. The key idea of this hypothesis is th...

Cognitive functioning is critical as in our daily life a host of real-world complex decisions in high-stakes markets have to be made. The decision-making process can be vulnerable to environmental stressors. Summarizing the growing economic and epidemiologic evidence linking air pollution, cognition performance and real-world decision-making, we first illustrate key physiological and psychologi...

This review focuses on the issue of poverty affecting economic decision-making. By critically evaluating existing studies, the authors propose a structural model detailing the cognitive mechanism involved in how poverty negatively impacts economic decision-making, and explores evidence supporting the basis for the formation of this model. The suggested mechanism consists of a relationship betwe...

Many social scientists other than psychologists try to account for the behavior of individuals. Economists and a few psychologists have produced a large body of theory and a few experiments that deal with individual decision making. The kind of decision making with which this body of theory deals is as follows: given two states, A and B, into either one of which an individual may put himself, t...

This paper investigates the determinants of female autonomy in Indonesia using the 2000 Indonesian Family Life Survey (IFLS3). We consider the role of kinship norms and the effect of labor force participation on female autonomy. Our measure of autonomy is based on self-reported answers to an array of questions relating to decision making authority in the household. They include economic and chi...

Economic crises bring to the fore deep issues for the economic profession and their models. Given that cognitive science shares with economics many theoretical frameworks and research tools designed to understand decision-making behavior, should economists be the only ones re-examining their conceptual ideas and empirical methods? We argue that economic crises demonstrate different forms of unc...

spatial planning system of a country is the array of its planning systems. getting familiar with spatial planning system of different countries and their experiences could help for comparison and accommodation so that making decision and defining appropriate planning system could be done. this article has studied the spatial planning system of portugal and since there are different factors affe...

BACKGROUND The use of economic evaluations in healthcare decision-making can potentially help decision-makers in allocating scarce resources as efficiently as possible. Over a decade ago, the use of such studies was found to be limited in Dutch healthcare decision-making, but their current use is unknown. Therefore, this study aimed to provide insight into the current and potential use of econo...

The standard economic model of decision making assumes a decision maker’s current emotional state has no impact on his or her decisions. Yet there is a large psychological literature that shows that current emotional state, in particular mild positive affect, has a significant effect on decision making, problem solving, and behavior. This paper offers a way to incorporate this insight from psyc...

methodologies adopted by the conventional management accounting in selecting between two or more alternative courses of action, both in the long-term and short-term decision-making, conflict with the overall objective of islamic enterprises. the paper explores the relevant literature (including the quran and the hadith) to ascertain the objective of an islamic enterprise and suggests an alterna...