Step 1: Understanding the Concept:
The question asks to identify the theory of emotion that places a central role on cognitive processes (thinking and interpretation).
Step 2: Detailed Explanation:
(A) Schachter and Singer's theory (Two-Factor Theory): This theory posits that emotion results from two factors: (1) physiological arousal and (2) a cognitive label that we use to interpret that arousal. For example, if your heart is pounding, you look to your environment to decide if you are excited or afraid. This theory explicitly emphasizes the role of cognition.
(B) James-Lange theory: This theory suggests that emotions are the result of physiological reactions to events. We feel afraid because we perceive our body trembling and heart racing. It prioritizes physiology over cognition.
(C) Common Sense theory: This is the intuitive but non-scientific idea that a stimulus leads to an emotion, which then causes a physiological response (e.g., seeing a snake makes you feel fear, which makes your heart race).
(D) Cannon-Bard theory: This theory argues that an emotion-arousing stimulus simultaneously triggers both a physiological response and the subjective experience of emotion. The cognitive component is not central to the determination of the emotion itself.
Step 3: Final Answer:
The Schachter-Singer theory is the one that highlights the importance of cognition in determining emotion.