Overview
Reviews the landscape of financial decision making
Provides up-to-date research from psychology, neuroscience, and behavioral economics to understand financial decision making in real-life circumstances
Discusses the question of financial decision making on three critical levels: cognitive, individual, and societal
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Table of contents (14 chapters)
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Front Matter
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The Level of an Individual Decision Maker
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Front Matter
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The Level of the Society
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Front Matter
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Back Matter
Keywords
- The brain in financial decision making
- Neural level financial decision making
- Hormones and stress in financial decision making
- Genetic perspectives on financial decision making
- Neuroimaging of higher cognitive functions in decision making
- Psychophysiology, body-loop and financial decision making
- Understanding an individual decision maker
- Understanding of economics and decision making
- Emotions and financial choice under risk
- Individual differences in IQ and personality for decision making
- Financial literacy in financial decision making
- Financial decision making and aging
- Financial decision making at the societal level
- Stock market, market crashes, market bubbles
- Gambling and financial decision making
- The role of debt in financial decision making
- Taxes and financial decision making
- Donations, charity, philanthropy in financial decision making
About this book
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.
Editors and Affiliations
About the editors
Tomasz Zaleskiewicz is a Full Professor of Psychology and Head of the Center for Research in Economic Behavior at the SWPS University of Social Sciences and Humanities, Wroclaw, Poland. His research interests include the psychological mechanisms of decision making, the relationship between mental imagery and risk perception, and the psychology of people’s economic behaviors. In addition to his scientific research, Professor Zaleskiewicz works as a consultant for profit and nonprofit organizations. He received his academic degrees from the University of Wroclaw in Poland and the SWPS University of Social Sciences and Humanities in Poland.
Jakub Traczyk is an Associate Professor of Psychology and Head of the Center for Research on Improving Decision Making (CRIDM) at the SWPS University of Social Sciences and Humanities, Wroclaw, Poland. In his research, he investigates the role of numerical abilities and emotions in decision making under risk and uncertainty. His research interests also focus on the relationship between mental imagery and risk perception. He received his academic degrees from the SWPS University of Social Sciences and Humanities in Poland.
Bibliographic Information
Book Title: Psychological Perspectives on Financial Decision Making
Editors: Tomasz Zaleskiewicz, Jakub Traczyk
DOI: https://doi.org/10.1007/978-3-030-45500-2
Publisher: Springer Cham
eBook Packages: Behavioral Science and Psychology, Behavioral Science and Psychology (R0)
Copyright Information: Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-45499-9Published: 22 July 2020
Softcover ISBN: 978-3-030-45502-6Published: 23 July 2021
eBook ISBN: 978-3-030-45500-2Published: 21 July 2020
Edition Number: 1
Number of Pages: XXIII, 356
Number of Illustrations: 19 b/w illustrations, 14 illustrations in colour
Topics: Personality and Social Psychology, Cognitive Psychology, Behavioral/Experimental Economics