The Affect Heuristic

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Abstract


This is the beginning of the article on the Affect Heuristic


Keywords: Affect Heuristic, Slovic, Bounded Rationality, Somatic Markers

Contents

Background

The Impact of Affect in Decision Making

The Perception of Risk and Benefit

The Affect Heuristic in Risk Management

Benefits of the Affect Heuristic

Limitations of the Affect Heuristic

References

Current -> May change


1. Slovic, P., Finucane, M., Peters, E., & MacGregor, D. G. (2007): The Affect Heuristic. Reprinted from Glivovich, T., Griffin, D., Kahneman, D. (2002), Heuristics and Biases: The Psychology of Intuitive Judgment.

2. Züst, R. & Troxler, P. (2006): No More Muddling Through: Mastering Complex Projects in Engineering and Management.

3. Bazerman, M. & Moore, D. (2013): Judgment in Managerial Decision Making.

4. Project Management Institute, Inc. (PMI), (2019): Standard for Risk Management in Portfolios, Programs, and Projects. Retrieved from https://app.knovel.com/hotlink/toc/id:kpSRMPPP01/standard-risk-management/standard-risk-management.

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