Britt, T. W., Dickinson, J. M., Moore, D., Castro, C. A., & Adler, A. B. (2007). Correlates and consequences of morale versus depression under stressful conditions.

The role of morale as a positive psychological construct distinct from the construct of depression was examined using data from a longitudinal study of 1,685 U.S. soldiers on a peacekeeping mission to Kosovo. Structural equation modeling analyses revealed morale was best predicted by indices of engagement in meaningful work and confidence in unit functioning and …

Hermalin, B., &Isen, A. (2000). The effect of affect on economic and strategic decision making. CLEO Research Paper No. C01-5.

The standard economic model of decision making assumes a decision maker makes her choices to maximize her utility or happiness. Her current emotional state is not explicitly considered. Yet there is a large psychological literature that shows that current emotional state, in particular positive affect, has a significant effect on decision making. This paper offers …