The Role of Emotions and Cognitions in Entrepreneurial Decision-Making

Theresa Michl, Isabell M. Welpe, Matthias Spörrle, Arnold Picot

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

32 Scopus citations

Abstract

This chapter examines the role of emotions and cognitions in entrepreneurial decision-making and how they interact in this process. First, definitions of the terms emotions and cognitions are outlined. Second, entrepreneurial decision-making processes and the role of emotions and cognitions within these processes are presented. Afterward, we briefly describe three representatives of cognitive appraisal theories of emotion with the focus on entrepreneurship. Finally, we present a model of how to study emotions and cognitions in entrepreneurial decision-making and point out implications for future research, for practice, and for teaching.

Original languageEnglish
Title of host publicationInternational Studies in Entrepreneurship
PublisherSpringer
Pages167-190
Number of pages24
DOIs
StatePublished - 2009

Publication series

NameInternational Studies in Entrepreneurship
Volume24
ISSN (Print)1572-1922
ISSN (Electronic)2197-5884

Keywords

  • Irrational Belief
  • Negative Emotion
  • Positive Emotion
  • Rational Belief
  • Rational Emotive Behavior Therapy

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