Fear, Anger, and Risk
Journal of Personality and Social Psychology Copyright 2001 by the American Psychological Association, Inc. 2001. Vol. 81. No. 1, 146-159 O022-3514/01/$5.O0 DOI. 10.1037//O022-3514.81.1.146 Fear, Anger, and Risk Jennifer S. Lemer Dacher Keltner Carnegie Mellon University University of California, Berkeley Drawing on an appraisal-tendency framework (J. S. Lerner & D. Keltner, 2000), the authors predicted and found that fear and anger have opposite effects on risk perception. Whereas fearful people expressed pessimistic risk estimates and risk-averse choices, angry people expressed optimistic risk estimates and risk-seeking choices. These opposing patterns emerged for naturally occurring and experimentally induced fear and anger. Moreover, estimates of angry people more closely resembled those of happy people than those of fearful people. Consistent with predictions, appraisal tendencies accounted for these effects: Appraisals of certainty and control moderated and (in the case of control) mediated the emotion effects. As a complement to studies that link affective valence to judgment outcomes, the present studies highlight multiple benefits of studying specific emotions. Judgment and decision research has begun to incorporate affect In the present studies we follow the valence tradition by exam- into what was once an almost exclusively cognitive field (for ining the striking influence that feelings can have on normatively discussion, see Lerner & Keltner, 2000; Loewenstein & Lerner, in unrelated judgments and choices. We diverge in an important way, press; Loewenstein, Weber, Hsee, & Welch, 2001; Lopes, 1987; however, by focusing on the influences of specific emotions rather Mellers, Schwartz, Ho, & Ritov, 1997). To date, most judgment than on global negative and positive affect (see also Bodenhausen, and decision researchers have taken a valence-based approach to Sheppard, & Kramer, 1994; DeSteno et al, 2000; Keltner, Ells- affect, contrasting the influences of positive-affect traits and states worth, & Edwards, 1993; Lerner & Keltner, 2000).
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