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5 Cards in this Set
- Front
- Back
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what is endowment effect? |
tendency for selling prices to exceed buying/choice prices |
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what were the effects on endowment effect in the study given by Lowenstein about emotions ? |
sadness- reverse endowment effect: low selling price high buying price disgust- eliminated endowment effect: low selling and buying price |
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what was the model given by metcalfe and mischel and what are the features of it? |
hot-cool model hot: reflexive, limbic, heuristic, impulsive cool: responsive, frontal lobe/ hippocampus, deliberate, strategic |
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what are the characteristics of emotions? |
1. fast 2. triggered by the external environment 3. moderated by cognitive processing 4. transitory a. emotional evanescence b. durability bias- source: immune neglect, miswanting, focalism, normative influence |
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what are the 3 types of emotional influences? |
1. muscular/ sensory schemas 2. irrelevant moods 3. relevant moods |
