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Author : N. Hinvest,Richard Fairchild,Lucy F. Ackert
Publisher : Frontiers Media SA
Page : 93 pages
File Size : 44,9 Mb
Release : 2022-01-28
Category : Science
ISBN : 9782889742264
Author : Kathleen D. Vohs,Roy F. Baumeister,George Loewenstein
Publisher : Russell Sage Foundation
Page : 367 pages
File Size : 48,5 Mb
Release : 2007-11-26
Category : Psychology
ISBN : 9781610445436
Philosophers have long tussled over whether moral judgments are the products of logical reasoning or simply emotional reactions. From Jane Austen's Sense and Sensibility to the debates of modern psychologists, the question of whether feeling or sober rationality is the better guide to decision making has been a source of controversy. In Do Emotions Help or Hurt Decision Making? Kathleen Vohs, Roy Baumeister, and George Loewenstein lead a group of prominent psychologists and economists in exploring the empirical evidence on how emotions shape judgments and choices. Researchers on emotion and cognition have staked out many extreme positions: viewing emotions as either the driving force behind cognition or its side effect, either an impediment to sound judgment or a guide to wise decisions. The contributors to Do Emotions Help or Hurt Decision Making? provide a richer perspective, exploring the circumstances that shape whether emotions play a harmful or helpful role in decisions. Roy Baumeister, C. Nathan DeWall, and Liqing Zhang show that while an individual's current emotional state can lead to hasty decisions and self-destructive behavior, anticipating future emotional outcomes can be a helpful guide to making sensible decisions. Eduardo Andrade and Joel Cohen find that a positive mood can negatively affect people's willingness to act altruistically. Happy people, when made aware of risks associated with altruistic acts, become wary of jeopardizing their own well-being. Benoît Monin, David Pizarro, and Jennifer Beer find that whether emotion or reason matters more in moral evaluation depends on the specific issue in question. Individual characteristics often mediate the effect of emotions on decisions. Catherine Rawn, Nicole Mead, Peter Kerkhof, and Kathleen Vohs find that whether an individual makes a decision based on emotion depends both on the type of decision in question and the individual's level of self-esteem. And Quinn Kennedy and Mara Mather show that the elderly are better able to regulate their emotions, having learned from experience to anticipate the emotional consequences of their behavior. Do Emotions Help or Hurt Decision Making? represents a significant advance toward a comprehensive theory of emotions and cognition that accounts for the nuances of the mental processes involved. This landmark book will be a stimulus to scholarly debates as well as an informative guide to everyday decisions.
Author : Genalin Jimenez
Publisher : Genalin Jimenez
Page : 81 pages
File Size : 45,7 Mb
Release : 2024-06-29
Category : Art
ISBN : 8210379456XXX
In today's interconnected world, financial decision-making has become increasingly complex. Economic factors and rational analysis alone no longer provide a complete picture when it comes to understanding how individuals make financial choices. Instead, emotions play a significant role in shaping our financial decisions. This eBook delves into the fascinating field of behavioral economics to explore the various ways in which emotions impact our financial choices and provide valuable insights into managing our personal and business finances. Let's explore the captivating world of the emotional economy and uncover the psychological mechanisms influencing our financial decision-making process. "The Emotional Economy: A Psychological Perspective on Financial Decision-Making," offers a comprehensive exploration of how emotions shape our financial choices. By understanding the psychological mechanisms at play, individuals and businesses can make more informed decisions, avoid common pitfalls, and improve financial outcomes. Whether you are a novice investor, a seasoned business owner, or simply want to gain a deeper understanding of the emotional aspects of financial decision-making, this eBook is a valuable resource. Embrace the emotional economy, harness the power of emotions, and embark on a journey toward financial well-being and success.
Author : Michael Grant,Fredrik Nilsson
Publisher : Taylor & Francis
Page : 118 pages
File Size : 55,9 Mb
Release : 2022-09-01
Category : Business & Economics
ISBN : 9781000771787
This book provides insights into the hidden role of intuitive expertise in financial decision-making. The authors show and discuss how expertise combined with intuitive judgments positively affect decision-making outcomes. The book builds on the latest academic studies in this emergent field. In combination with the academic perspective, the authors provide a field study that they conducted in the context of mergers and acquisitions (M&As), a common and critical strategic investment for companies. The interviews were carried out with experts and decision-makers in large and successful international companies (i.e., M&A experts, CEOs, CFOs, and board members). The book provides a solid theoretical and empirically based grounding of the topic. In addition, it offers suggestions to practitioners on how they can develop and nurture intuitive expertise in strategic investment decision-making. The report of the field study provides examples and quotes from interviews to visualize findings, thus helping practitioners gain understanding and insights from the text. The authors also discuss the downsides of intuitive expertise, such as biases and flawed decision-making. For scholars, students, and professionals, the book offers a concise and up-to-date summary of an emergent stream of research, exploring how cognition and judgment affect financial decision-making.
Author : Matteo Cristofaro
Publisher : Cambridge Scholars Publishing
Page : 268 pages
File Size : 46,8 Mb
Release : 2021-04-06
Category : Business & Economics
ISBN : 9781527568068
How do affect, cognition, and their interplay influence managerial decision-making at the individual, group, and organizational levels? How can these influences be fostered or reduced? This book conceptually and empirically answers such questions, and considers important theoretical issues for future research about the complex functioning of the human mind in managerial decision-making.
Author : Daniel C. Krawczyk,George H. Baxter
Publisher : Business Expert Press
Page : 217 pages
File Size : 44,5 Mb
Release : 2019-11-13
Category : Business & Economics
ISBN : 9781949991819
This book describes the biases most relevant to investing, include background on how biases develop, and offer practical strategies to help you to improve your performance. The authors offer a guide to categorizing biases based on cutting-edge brain science, which will enable readers to implement best practices that guard against whole sets of biases. Emphasis is placed on the practical implications of financial decision-making and provides a scientific basis for adjusting investing practices, to avoid common cognitive traps.
Author : H. Kent Baker,Greg Filbeck,Victor Ricciardi
Publisher : Oxford University Press
Page : 608 pages
File Size : 46,7 Mb
Release : 2017-05-02
Category : Business & Economics
ISBN : 9780190270018
Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book brings together noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world. In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally, discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. Those interested in a broad survey will benefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financial behavior.
Author : Christina A. Roberto,Ichirō Kawachi
Publisher : Oxford University Press, USA
Page : 385 pages
File Size : 50,7 Mb
Release : 2016
Category : Medical
ISBN : 9780199398331
Behavioral economics has potential to offer novel solutions to some of today's most pressing public health problems: How do we persuade people to eat healthy and lose weight? How can health professionals communicate health risks in a way that is heeded? How can food labeling be modified to inform healthy food choices? Behavioral Economics and Public Health is the first book to apply the groundbreaking insights of behavioral economics to the persisting problems of health behaviors and behavior change. In addition to providing a primer on the behavioral economics principles that are most relevant to public health, this book offers details on how these principles can be employed to mitigating the world's greatest health threats, including obesity, smoking, risky sexual behavior, and excessive drinking. With contributions from an international team of scholars from psychology, economics, marketing, public health, and medicine, this book is a trailblazing new approach to the most difficult and important problems of our time.
Author : Edmund T. Rolls
Publisher : Oxford University Press
Page : 729 pages
File Size : 50,6 Mb
Release : 2013-11
Category : Business & Economics
ISBN : 9780199659890
What produces emotions? Why do we have emotions? How do we have emotions? Why do emotional states feel like something? What is the relation between emotion, and reward value, and subjective feelings of pleasure? These are just some of the question considered in this book, written by a leading neuroscientist in this field.
Author : Stephen J. Guastello
Publisher : Springer
Page : 134 pages
File Size : 42,7 Mb
Release : 2015-12-14
Category : Business & Economics
ISBN : 9784431553120
This book presents new theory and empirical studies on the roles of cognitive workload and fatigue on repeated financial decisions. The mathematical models that are developed here utilize two cusp catastrophe functions for discontinuous changes in performance and integrate objective measures of workload, subjective experiences, and individual differences among the decision makers. Additional nonlinear dynamical processes are examined with regard to persistence and antipersistence in decisions, entropy, further explanations of overall performance, and the identification of risk-optimization profiles for long sequences of decisions.
Author : Tomasz Zaleskiewicz,Jakub Traczyk
Publisher : Springer
Page : 356 pages
File Size : 44,6 Mb
Release : 2021-07-23
Category : Psychology
ISBN : 3030455025
This book reviews the latest research from psychology, neuroscience, and behavioral economics evaluating how people make financial choices in real-life circumstances. The volume is divided into three sections investigating financial decision making at the level of the brain, the level of an individual decision maker, and the level of the society, concluding with a discussion of the implications for further research. Among the topics discussed: Neural and hormonal bases of financial decision making Personality, cognitive abilities, emotions, and financial decisions Aging and financial decision making Coping methods for making financial choices under uncertainty Stock market crashes and market bubbles Psychological perspectives on borrowing, paying taxes, gambling, and charitable giving Psychological Perspectives on Financial Decision Making is a useful reference for researchers both in and outside of psychology, including decision-making experts, consumer psychologists, and behavioral economists.
Author : H. Kent Baker,Greg Filbeck,John R. Nofsinger
Publisher : Oxford University Press
Page : 256 pages
File Size : 52,6 Mb
Release : 2019-02-01
Category : Business & Economics
ISBN : 9780190868758
People tend to be penny wise and pound foolish and cry over spilt milk, even though we are taught to do neither. Focusing on the present at the expense of the future and basing decisions on lost value are two mistakes common to decision-making that are particularly costly in the world of finance. Behavioral Finance: What Everyone Needs to KnowR provides an overview of common shortcuts and mistakes people make in managing their finances. It covers the common cognitive biases or errors that occur when people are collecting, processing, and interpreting information. These include emotional biases and the influence of social factors, from culture to the behavior of one's peers. These effects vary during one's life, reflecting differences in due to age, experience, and gender. Among the questions to be addressed are: How did the financial crisis of 2007-2008 spur understanding human behavior? What are market anomalies and how do they relate to behavioral biases? What role does overconfidence play in financial decision- making? And how does getting older affect risk tolerance?
Author : Tomasz Zaleskiewicz,Jakub Traczyk
Publisher : Springer Nature
Page : 367 pages
File Size : 49,6 Mb
Release : 2020-07-21
Category : Psychology
ISBN : 9783030455002
This book reviews the latest research from psychology, neuroscience, and behavioral economics evaluating how people make financial choices in real-life circumstances. The volume is divided into three sections investigating financial decision making at the level of the brain, the level of an individual decision maker, and the level of the society, concluding with a discussion of the implications for further research. Among the topics discussed: Neural and hormonal bases of financial decision making Personality, cognitive abilities, emotions, and financial decisions Aging and financial decision making Coping methods for making financial choices under uncertainty Stock market crashes and market bubbles Psychological perspectives on borrowing, paying taxes, gambling, and charitable giving Psychological Perspectives on Financial Decision Making is a useful reference for researchers both in and outside of psychology, including decision-making experts, consumer psychologists, and behavioral economists.
Author : Jim Colajuta
Publisher : Jim Colajuta
Page : 0 pages
File Size : 53,5 Mb
Release : 2021-07-04
Category : Electronic
ISBN : 1803353716
For good reason, the era we live in is dubbed the "Information Age." People have never had such rapid and simple access to so much information. The availability of so much information may appear to be useful to us in terms of becoming informed and making good decisions, but the availability of so much information does not necessarily make us knowledgeable. In recent years, finance has witnessed the birth of a new way of thinking about financial decision-making that takes into consideration the investor's psychology - heuristics, biases, emotions, fears, and fallacies - to make sense of investor decision-making. Behavioral finance is a relatively recent area that enters the debate as an alternative method to working with emotion and decision-making defects to understand how they inhibit us from reaching optimal outcomes in investing and how they may be worked with to optimize the results. Buy it NOW and let your customers get addicted to this amazing book!
Author : H. Kent Baker,Victor Ricciardi
Publisher : John Wiley & Sons
Page : 645 pages
File Size : 49,5 Mb
Release : 2014-02-10
Category : Business & Economics
ISBN : 9781118492987
WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.
