Psychology And The Economic Mind: Cognitive Processes and Conceptualization
Psychology And The Economic Mind: Cognitive Processes and Conceptualization
Author: -
Title: Psychology And The Economic Mind: Cognitive Processes and Conceptualization
ISBN10: 082615042X
ISBN13: 978-0826150424
Format: .PDF .EPUB .FB2
Pages: 256 pages
Publisher: Springer Publishing Company; 1 edition (October 21, 2002)
Language: English
Size pdf: 1794 kb
Size epub: 1291 kb
Rating: 4.0 ✪
Votes: 274
Category: Other
Subcategory: Medicine & Health Sciences

This book elaborates on a multidimensional model of decision-making that applies to how individuals make "mundane decisions." Decisions about pursuing relationships, exercise, work, or anything where people might have to "invest" time or behavioral effort are examples. The author utilizes cognitive-developmental theory to understand how children and adolescents make sense of economic inequality.

This modern portfolio theory model of decision-making applies economic concepts to everyday life and may help us understand why individuals differ in their willingness to take risks. It also contributes to our knowledge of personality disorders such as depression and mania.


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