(NEW YORK) -- If you've ever made a decision based purely on emotion, it might not have turned out so well. That's where emotional intelligence can be beneficial. According to researchers Stephane Cote and Jeremy Yip, emotional intelligence is the ability to identify, assess and control the emotions of oneself.
Too often it seems, Cote and Yip say, that people will make an important decision, such as an investment, based on feelings that have nothing to do with the issue at hand. For instance, a terrible commute into work might rile up someone to the point that it will influence everything else during the rest of the business day.
The researchers conducted several studies on the subject and discovered that people with low emotional intelligence tended to allow anxiety dictate their decision-making while those who kept their feelings under control make more reasonable choices.
"People who are emotionally intelligent don't remove all emotions from their decision-making," says Cote, who teaches at the University of Toronto’s Rotman School of Management. "They remove emotions that have nothing to do with the decision."
Copyright 2013 ABC News Radio