The Emotional Economy A Psychological Perspective On Financial Decision Making

Author : Genalin Jimenez
Publisher : Genalin Jimenez
Page : 81 pages
File Size : 40,7 Mb
Release : 2024-06-10
Category : Art
ISBN : 8210379456XXX

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The Emotional Economy: A Psychological Perspective on Financial Decision-Making by Genalin Jimenez Pdf

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 : Tomasz Zaleskiewicz,Jakub Traczyk
Publisher : Springer Nature
Page : 367 pages
File Size : 52,7 Mb
Release : 2020-07-21
Category : Psychology
ISBN : 9783030455002

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Psychological Perspectives on Financial Decision Making by Tomasz Zaleskiewicz,Jakub Traczyk Pdf

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,Victor Ricciardi
Publisher : John Wiley & Sons
Page : 645 pages
File Size : 49,9 Mb
Release : 2014-02-10
Category : Business & Economics
ISBN : 9781118492987

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Investor Behavior by H. Kent Baker,Victor Ricciardi Pdf

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.

Author : Rob Ranyard
Publisher : John Wiley & Sons
Page : 512 pages
File Size : 42,8 Mb
Release : 2017-06-22
Category : Business & Economics
ISBN : 9781118926390

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Economic Psychology by Rob Ranyard Pdf

A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.

Author : H. Kent Baker,Greg Filbeck,Victor Ricciardi
Publisher : Oxford University Press
Page : 608 pages
File Size : 43,8 Mb
Release : 2017-05-02
Category : Business & Economics
ISBN : 9780190270018

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Financial Behavior by H. Kent Baker,Greg Filbeck,Victor Ricciardi Pdf

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 : H. Kent Baker,John R. Nofsinger
Publisher : John Wiley & Sons
Page : 773 pages
File Size : 44,8 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780470499115

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Behavioral Finance by H. Kent Baker,John R. Nofsinger Pdf

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author : C. Lucarelli,G. Brighetti
Publisher : Springer
Page : 269 pages
File Size : 50,5 Mb
Release : 2010-12-03
Category : Business & Economics
ISBN : 9780230303829

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Risk Tolerance in Financial Decision Making by C. Lucarelli,G. Brighetti Pdf

This book sheds light on the emotional side of risk taking behaviour using an innovative cross-disciplinary approach, mixing financial competences with psychology and affective neuroscience. In doing so, it shows the implications for market participants and regulators in terms of transparency and communication between intermediaries and customers.

Author : CFP Board
Publisher : John Wiley & Sons
Page : 336 pages
File Size : 41,6 Mb
Release : 2018-02-19
Category : Business & Economics
ISBN : 9781119440901

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Client Psychology by CFP Board Pdf

A Client-Centered approach to Financial Planning Practice built by Research for Practitioners The second in the CFP Board Center for Financial Planning Series, Client Psychology explores the biases, behaviors, and perceptions that impact client decision-making and overall financial well-being. This book, written for practitioners, researchers, and educators, outlines the theory behind many of these areas while also explicitly stating how these related areas directly impact financial planning practice. Additionally, some chapters build an argument based solely upon theory while others will have exclusively practical applications. Defines an entirely new area of focus within financial planning practice and research: Client Psychology Serves as the essential reference for financial planners on client psychology Builds upon and expands the body of knowledge for financial planning Provides insight regarding the factors that impact client financial decision-making from a multidisciplinary approach If you’re a CFP® professional, researcher, financial advisor, or student pursuing a career in financial planning or financial services, this book deserves a prominent spot on your professional bookshelf.

Author : Prince Sarpong,Liezel Alsemgeest
Publisher : Springer Nature
Page : 265 pages
File Size : 51,7 Mb
Release : 2023-07-18
Category : Business & Economics
ISBN : 9783031333620

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Perspectives in Financial Therapy by Prince Sarpong,Liezel Alsemgeest Pdf

As we deepen our understanding of the interplay between money and psychology, financial therapy has emerged as a popular field of study. This book offers a diverse range of perspectives on the practice of financial therapy, exploring its benefits, challenges, and potential critiques. The book also provides practical guidance for financial therapists as well as financial planning and mental health practitioners who incorporate financial therapy into their work. The book covers a wide range of topics, including the neurobiology of financial decision-making, models in financial therapy, online financial therapy, generational differences in financial attitudes, incorporating financial therapy into divorce planning, and techniques for coping with the stresses associated with estate planning. The book addresses the need for culturally relevant assessments of financial therapy in African contexts and offers a critical appraisal of the field of financial therapy. By providing multiple perspectives and practical guidance, this book will be a valuable resource for students, scholars, and researchers in financial therapy, financial planning and related fields, as well as the broader field of psychology.

Author : Lucy Ackert
Publisher : Unknown
Page : 128 pages
File Size : 45,8 Mb
Release : 2009
Category : Electronic
ISBN : 1473754437

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Behavioural Finance by Lucy Ackert Pdf

Author : Mary Cross
Publisher : Bloomsbury Publishing USA
Page : 178 pages
File Size : 44,6 Mb
Release : 2017-09-15
Category : Business & Economics
ISBN : 9781440850547

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The Emotional Life of Money by Mary Cross Pdf

This fascinating book illustrates how human behavior regarding money is triggered by emotion and powered by our psychic makeup, empowering readers to better understand their own behavior and decision making with money. Beyond being an essential medium of exchange, money carries deep psychological significance: having enough of it confers power and status and provides the potential to sustain our lifestyle and fulfill our desires. Not having money triggers a breadth of negative emotions. This book explores the psychological payload money carries and the emotional effects it generates, allowing readers to better understand people's behavior with money and its effects on their own lives. The Emotional Life of Money: How Money Changes the Way We Think and Feel identifies common hang-ups and anxieties about money; summarizes current academic research on money behavior and how people make decisions about their money; discusses the newest branch of economics, behavioral economics; and explores the possibility of the disappearance of cash in the digital future. General readers will be able to comprehend why money has often generated intense feelings of desire, greed, envy, elation, and other emotions, as well as sense of status; and undergraduate students in psychology, economics, and sociology courses will benefit from learning about the latest research on behavior economics and the powerful psychological and emotional effects of money.

Author : Christiansen, Bryan
Publisher : IGI Global
Page : 354 pages
File Size : 51,7 Mb
Release : 2016-03-17
Category : Psychology
ISBN : 9781466699908

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Neuroeconomics and the Decision-Making Process by Christiansen, Bryan Pdf

Neuroeconomics has emerged as a field of study with the goal of understanding the human decision-making process and the mental consideration of multiple outcomes based on a selected action. In particular, neuroeconomics emphasizes how economic conditions can impact and influence the decision-making process and alternately, how human actions have the power to impact economic conditions. Neuroeconomics and the Decision-Making Process presents the latest research on the relationship between neuroscience, economics, and human decision-making, including theoretical foundations, real-world applications, and models for implementation. Taking a cross-disciplinary approach to neuroeconomic theory and study, this publication is an essential reference source for economists, psychologists, business professionals, and graduate-level students across disciplines.

Author : Kathleen D. Vohs,Roy F. Baumeister,George Loewenstein
Publisher : Russell Sage Foundation
Page : 368 pages
File Size : 55,6 Mb
Release : 2007-11-26
Category : Psychology
ISBN : 9781610445436

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Do Emotions Help or Hurt Decisionmaking? by Kathleen D. Vohs,Roy F. Baumeister,George Loewenstein Pdf

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 : Christoph Merkle
Publisher : Unknown
Page : 73 pages
File Size : 41,7 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1290304279

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Emotion and Finance - An Interdisciplinary Approach to the Impact of Emotions on Financial Decision Making by Christoph Merkle Pdf

The paper explores the influences of emotions on human decision making, especially in context of finance. It reviews the psychological, neuroscientific and neuroeconomic evidence about the topic and shows which applications these insights have found in behavioral finance and the new subject of neurofinance. Several descriptive and formal approaches are introduced and their usefulness is discussed.

Author : Copur, Zeynep
Publisher : IGI Global
Page : 525 pages
File Size : 45,8 Mb
Release : 2015-01-31
Category : Business & Economics
ISBN : 9781466674851

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Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry by Copur, Zeynep Pdf

In an ever-changing economy, market specialists strive to find new ways to evaluate the risks and potential reward of economic ventures by assessing the importance of human reaction during the economic planning process. The Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry presents an interdisciplinary, comparative, and competitive analysis of the thought processes and planning necessary for individual and corporate economic management. This publication is an essential reference source for professionals, practitioners, and managers working in the field of finance, as well as researchers and academicians interested in an interdisciplinary approach to combine financial management, sociology, and psychology.