(BPS Textbooks in Psychology) 1st Edition
by Rob Ranyard (Editor)
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.
