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Research in how emotions impact decision making is growing and the corresponding literature is often organized around types of emotions. These types can be thought of as labels that categorize how emotions enter into decision making. Examples include “expected”, “integral”, or “incidental” emotions. Taking a closer look at several of these categorizations however, one is confronted with discord and a considerable number of inconsistencies in naming conventions, definitions, scope of the categorizations, as well as a lack of clear approach to how emotions might enter into decision making. Given the ubiquity of these categorizations, in this paper, we conduct a review of types of emotions, we address some of the inconsistencies, and we present a new way of categorizing how emotions enter into decision making – one where emotions are categorized in relation to the decision and affective components of the decision making process. We discuss how this new categorization deals with the identified inconsistencies and ways in which it can be conducive to developing novel theoretical and empirical investigations in how emotions impact decision making.
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