%0 Generic
%A Staner, Clément
%C Heidelberg
%D 2024
%F heidok:35773
%R 10.11588/heidok.00035773
%T Negative Emotion Accumulation and Personal Motivation
%U https://archiv.ub.uni-heidelberg.de/volltextserver/35773/
%V 0757
%X Understanding how emotions stemming from negative outcomes affect investment decisions is critical for studying choice under uncertainty. I build a framework to study how past and anticipated negative emotions interact with an agent’s preference and environment to influence her investment level. I show that the dynamic effect of emotions on decisions is more complicated than previously thought and requires a careful analysis of the decision environment to build correct predictions. Using baseball data, I show how to use the theoretical framework empirically to investigate the dynamic impact of emotion and find that it leads to suboptimal pitch velocity decisions.