Psychological Perspectives on Financial Decision Making

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 makingPersonality, cognitive abilities, emotions, and financial decisionsAging and financial decision makingCoping methods for making financial choices under uncertaintyStock market crashes and market bubblesPsychological perspectives on borrowing, paying taxes, gambling, and charitable givingPsychological 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.