Final answer:
The best definition of emotional intelligence is the ability to identify and manage one's own emotions and the emotions of others. This concept encompasses cognitive empathy, understanding emotional states, and navigating social interactions.
Step-by-step explanation:
The concept of emotional intelligence refers to the ability to perceive, understand, manage, and regulate one's own emotions and the emotions of others in a constructive and socially acceptable manner.
One key definition, as per Mayer, Salovey, and Caruso, includes the skills essential for recognizing emotional states in oneself and others, empathizing with those emotional states appropriately, and handling relationships and emotions in a way that enhances both personal and collective well-being.
Thus, from the given options, the best answer is 3) Basically stated, the ability to identify and manage your own emotions and the emotions of others.
Emotional intelligence is closely linked to the psychological concepts of cognitive empathy and emotion-focused coping, wherein an individual makes use of understanding emotions to navigate through social interactions and personal challenges effectively. This concept is significant as it contributes to an individual's ability to succeed in social settings and has been argued by experts like Daniel Goleman to be a strong predictor of personal success.