This thesis examined the cognitive processes by which individuals engage in goal level choice and the affective processes that individuals experience during approach and avoidance goal striving. The aim was to develop a set of formal theories that can explain and predict the trajectories in goal level choice and affective states as individuals strive towards goals framed as desirable or undesirable end-states. These formal theories provide an explanation of processes at multiple levels of analysis, and incorporate constructs from the work motivation, self-regulation, emotion, personality, and decision making literatures. Data from three experimental studies were analysed using multi-level techniques and computational modelling in order to test the proposed theories. The findings are reported within three manuscripts that form the body of this thesis.Manuscript 1 investigated goal level choice as a cognitive process involving an interaction of decision making, risk preferences, personality, and learning. A computational model was developed in order to describe and predict how individuals make goal level choices over time.Drawing from the decision making literature, the model specifies that goal level choice at the within-person level can be explained by a dynamic anchoring and adjustment process and a risk preference bias. The model further specifies that between-person variability in risk preferences can be partly explained by an interaction of goal framing and trait neuroticism. An experimental study was conducted to evaluate this model. Participants were randomly allocated to strive towards approach or avoidance framed goals as they performed a medium-fidelity Air Traffic Control (ATC) simulation task across 10 trials. At the beginning of each trial, participants chose among five goal levels. The findings of this study indicated that our hypothesized model was able to account for the trajectories of goal level choices over time. Manuscript 1 contributed to the goal striving literature by identifying relevant cognitive processes in goal level choice.Manuscripts 2 and 3 investigated the affective processes that emerge as individuals strive towards a chosen goal level in approach and avoidance contexts. Manuscript 2 presented a scale validation study for the momentary affect scale (MAS), which was developed in order to measure the dynamics of affective experiences during goal striving. As part of the scale validation, it was necessary to address the conceptual question of whether the affect scale should consist of unipolar or bipolar items. Participants performed a medium-fidelity ATC simulation task and were repeatedly measured on a set of unipolar and bipolar affect items. Multi-level confirmatory factor analyses were used to evaluate the problem of unipolarity versus bipolarity and to validate the MAS against the latent constructs being measured. The findings of this study provided evidence of bipolarity in the structure of affect and indicated that the MAS can be used to measure rapid changes in affec...