Psychological Perspectives on Financial Decision Making

by Tomasz Zaleskiewicz, Jakub Traczyk

Overview

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
• Sk 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.

Product Details

ISBN-13:	9783030454999
Publisher:	Springer International Publishing
Publication date:	07/22/2020
Edition description:	1st ed. 2020
Pages:	356
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

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.

Table of Contents

Part I The Level of the Brain.- 1. Neural Bases of Financial Decision Making: From Spikes to Large-Scale Brain Connectivity.- 2. Neural Correlates of Decision Variables and Strategic Preferences.- 3. Hormones, Stress and Financial Decision-Making.- Part II The Level of an Individual Decision Maker.- 4. Cognitive Abilities and Financial Decision Making.- 5. The Arrested Deployment Model of Financial Literacy.- 6. Emotions and Financial Decision Making.- 7. Financial Decision Making and Individual Dispositions.- 8. Aging and Financial Decision Making.- 9. Financial Decision Making under Uncertainty: Psychological Coping Methods.- Part III The Level of the Society.- 10. Sk Market, Market Crashes and Market Bubbles.- 11. Cognitive Processes Underlying Impaired Decision-Making in Gambling Disorder.- 12. The Psychological Perspective on the Antecedents and Consequences of Consumer Borrowing.- 13. Tax Compliance: Research Methods and Decision Processes.- 14. A Psychological Perspective on Charitable Giving and Monetary Donations: The Role of Affect.