What is the "hot-cold empathy gap" in behavioral economics?

The "hot-cold empathy gap" is a concept coined by George Loewenstein to describe how people have trouble relating to visceral emotional states when they are not currently experiencing them. He is a behavioral economist and professor at Carnegie Mellon University. His research focuses heavily on the psychology of decision-making.

Where does George Loewenstein teach?

George Loewenstein is a professor at Carnegie Mellon University. As a behavioral economist, he specializes in neuroeconomics and intertemporal choice. He is widely recognized for coining the concept of the "hot-cold empathy gap."

What areas of economics does George Loewenstein specialize in?

George Loewenstein specializes in intertemporal choice, the psychology of decision-making, and neuroeconomics. As a professor at Carnegie Mellon University, he is a pioneer in behavioral economics. He notably developed the concept of the hot-cold empathy gap.

What is neuroeconomics according to George Loewenstein's research?

In the research of George Loewenstein, neuroeconomics explores the psychological and neural underpinnings of economic decision-making. Loewenstein, a professor at Carnegie Mellon University, uses this field to study concepts like intertemporal choice. He is famous for coining the hot-cold empathy gap concept.

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George Loewenstein

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description George Loewenstein Overview

George Loewenstein is an American behavioral economist and a professor at Carnegie Mellon University. His research specializes in intertemporal choice, the psychology of decision-making, and neuroeconomics, notably coining the concept of the "hot-cold empathy gap" to describe visceral influences on behavior. He is also recognized for his work on the "pain of paying," which explores the psychological distress consumers experience when spending money. His theories are applied in consumer finance, public health, and public policy.

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How good is George Loewenstein?

George Loewenstein scores 8.02/10 (Great) on Lunoo, making it a well-rated option in the Economist category. Behavioral economics pioneer; intertemporal choice and psychology of decision-making highly influential.

What are the best alternatives to George Loewenstein?

See our alternatives page for George Loewenstein for a ranked list with scores. Top alternatives include: Robert Solow, Alfred Marshall, Joseph Schumpeter.

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Is George Loewenstein worth it in 2026?

With a score of 8.02/10, George Loewenstein is highly rated in Economist. See all Economist ranked.

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