By Philipp Erik Otto

Show description

Read Online or Download Cognitive Finance: Behavioral Strategies of Spending, Saving and Investing (Economic Issues, Problems and Perspectives) PDF

Similar economic conditions books

Enterprise Size, Financing Patterns And Credit Constraints In Brazil: Analysis Of Data From The Investment Climate Assessment Survey

Firm measurement, Financing styles, and credits Constraints in Brazil investigates the significance of multinational measurement with recognize to getting access to credits. The crucial findings are that measurement strongly impacts entry to credits in comparison to enterprise functionality, and different elements, reminiscent of administration schooling, position or the economic area to which the enterprise belongs.

Governing global land deals : the role of the state in the rush for land

This number of essays in Governing worldwide Land Deals provides new empirical and theoretical analyses of the relationships among international land grabs and methods of presidency and governance. Reframes debates on worldwide land grabs through targeting the connection among large-scale land offers and tactics of governance deals new theoretical insights into the various varieties and results of worldwide land acquisitions Illuminates either the micro-processes of transaction and expropriation, in addition to the wider structural forces at play in international land bargains Provides new empirical information at the various actors fascinated with modern land offers taking place around the globe and specializes in the categorical institutional, political, and fiscal contexts during which they're performing

Trade, Stability, and Macroeconomics. Essays in Honor of Lloyd A. Metzler

Alternate, balance, and Macroeconomics: Essays in Honor of Lloyd A. Metzler offers info pertinent to the basic features of exchange, balance, and macroeconomics. This publication covers various issues, together with nontraded and intermediate commodities, costs, construction, trade premiums, and wages.

Economic Integration: Limits and Prospects

This publication is meant to supply a easy figuring out of present concerns and difficulties of monetary integration. selecting monetary integration as one of many major positive factors of contemporary foreign economics, the authors learn many elements and effects of financial integration which stay imprecise and unexplored.

Additional info for Cognitive Finance: Behavioral Strategies of Spending, Saving and Investing (Economic Issues, Problems and Perspectives)

Sample text

Also, the explanation process in the guidance of the task might have supported the inclusion of these features. Yet, in general the structures show typical everyday saving examples like building up a ―rainy day‖ reserve, keeping surplus separate, or imposing commitment by the act of manually storing money. Although participants show quite sophisticated saving structures, it is not clear if these are demand driven or rather a result of product availability. On the one hand, the low initial understanding of their own saving situation supports the assumption that they are just the result of the individual historical process of taking up products.

A promising psychological concept in this context is that of personality factors to account for differences in financial behavior. The records of manifested behavior are analyzed to extract the underlying personal financial characteristics, which represent the main individual differences. The advantage of this direct behaviorally based differentiation is that it is independent of additionally gathered data; and thus, can supplement information on attitude, interests, or demographic data. First, the underlying data source and the employed data sample are described.

Ainslie (1975, p. 481) stresses that to make the rule effective exceptions must be rare and uncontrollable. Controllable events can only be part of the concept if they are combined with a high level of effort. Softer self-control mechanisms in this case are self manipulations that change the interpretation or the psychological meaning of an event. An individual standard can evaluate the behavior itself, or the inclination to apply effort can serve as a self-control tool to create costs which bolster against less desired activities (Soman, 1998; Trope & Fishbach, 2000).

Download PDF sample

Rated 4.07 of 5 – based on 17 votes