I propose here the psychological attraction theory of financial regulation—that regulation is the result of psychological biases on the part of political participants—voters, politicians, bureaucrats, and media commentators; and of regulatory ideologies that exploit these biases. Some key...

Deutschland befindet sich mitten in einer demografischen Herausforderung. Diese könnte zum Teil durch eine Stärkung der Rahmenbedingungen von Familien allgemein und Familiengründung im Speziellen gemildert werden. Diese Studie untersucht insbesondere für Sachsen und die ostdeutschen...

Deutschland befindet sich mitten in einer demografischen Herausforderung. Diese könnte zum Teil durch eine Stärkung der Rahmenbedingungen von Familien allgemein und Familiengründung im Speziellen gemildert werden. Diese Studie untersucht insbesondere für Sachsen und die ostdeutschen...

The subject of this paper is how the epistemic limitations of individuals and their biases in reasoning affect collective decisions and in particular the functioning of democracies. In fact, while the cognitive sciences have largely shown how the imperfections of human rationality shape...

This paper argues for broadening the application of hysteresis to institutions, policy lockin, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should...

In this study, it was investigated whether fear of happiness and ruminative thinking predict psychological resilience in university students. In addition, the predictive level of fear of happiness and ruminative thinking of psychological resilience subscales was investigated. Finally, it...

Purpose - We develop insights about the psychological factors that contribute to lean’s success as a holistic and adaptive system. Design methodology/approach - We use the best-selling book Thinking, Fast and Slow (TFAS) (2011) by Nobel-prize winner Daniel Kahneman to provide a familiar lens...

The combined scheduling of hydro, thermal and hybrid energy (i.e., wind and solar) is attracting more and more attention nowadays. This paper explores the contribution of renewable energy sources in the traditional hydrothermal scheduling problem in order to overcome the prevailing issues like...

The job demands of university academic staff members leave them susceptible to the experience of work-leisure conflict (WLC). WLC is often studied as a composite construct despite its multidimensional nature and findings suggest it negatively affects employee psychological wellbeing. This study...

We propose a model of optimal decision making subject to a memory constraint. The constraint is a limit on the complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs from that of Sims (2003) in not assuming costless memory...

In traditional models, votes are an expression of preferences and beliefs. Psychological theories of cognitive dissonance suggest, however, that behavior may shape preferences. In this view, the very act of voting may influence political attitudes. A vote for a candidate may lead to more...

Psychology specializes in individual behavior and the anthropology of cultural values. It comes to the relationship between the individual and the community in taking action, the collaboration between the two sciences is included in the study of cultural psychology. This research aims to develop...

We estimate the labor market return to an MBA, a JD, and master’s in engineering, nursing, education, psychology and social work, and thirteen other graduate degrees. To control for heterogeneity in preferences and ability, we use fixed effects for combinations of field-specific undergraduate...

Neoclassical Economics and the Efficient Market Hypothesis (EMH) along with all its types have been a go to for investors since decades but why do almost all speculators tend to lose money while making their financial decisions? Stock market is the most vulnerable place towards uncertainty and...

In this chapter, we ask (conceptually and methodologically) what exactly is behavioural economics and what are its roots? And further, what may we have missed along the way? We argue that revisiting "classical" behavioural economics concepts and methods will benefit the wider behavioural...

We consider a single psychological agent whose utility depends on his action, the state of the world, and the belief that he holds about that state. The agent is initially informed about the state and decides whether to memorize it, otherwise he has no recall. We model the memorization process...

K-12 program promotes culture of research among Senior High School learners that aims to cultivate both of their critical and creative thinking skills. However, not all learners are willing to engage themselves into the learning process that fuels many educators to help them develop the feeling...

A number of studies – including our own – find a mid-life dip in well-being. We review a psychology literature that claims that the evidence of a U-shape is "overblown" and if there is such a decline it is "trivial". We find remarkably strong and consistent evidence across countries and US...

We propose a model of optimal decision making subject to a memory constraint. The constraint is a limit on the complexity of memory measured using Shannon’s mutual information, as in models of rational inattention; but our theory differs from that of Sims (2003) in not assuming costless memory...

Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...

Common intuition and experimental psychology suggest that the ability to self-regulate, willpower, is a depletable resource. We investigate the behavior of an agent who optimally consumes a cake (or paycheck or workload) over time and who recognizes that restraining his consumption too much...

"Today's leaders must make critical decisions under greater complexity than ever before. While technology has made our lives easier, leaders need to manage the waves of ever-increasing information and ever-decreasing time to analyze data thoughtfully. They fear casting a decision that's not...

"In the Fall of 2021, the CFP Board announced the creation of a new category of learning objectives: Psychology of Financial Planning. As such, aspiring financial planners are now all required to gain knowledge in several key areas of financial psychology. Along with this announcement came a...

"In this ground-breaking book, Phil Barden reveals what decision science explains about people's purchase behaviour, and specifically demonstrates its value to marketing. He shares the latest research on the motivations behind consumers' choices and what happens in the human brain as buyers make...

The Business of Emotions in Modern History shows how businesses, from individual entrepreneurs to family firms and massive corporations, have relied on, leveraged, generated and been shaped by emotions for centuries. With a broad temporal and global coverage, ranging from the early modern era to...

Führung – Erfolgsbeitrag und Legitimation -- Individualpsychologische Grundlagen der Führung -- Sozialpsychologische Grundlagen der Führung -- Kommunikationspsychologische Grundlagen der Führung -- Führungstheorien und -modelle -- Führungsinstrumente in der Praxis -- Soziale...

"While traditional finance focuses on the tools used to optimize return and minimize risk, this book shows how psychology can explain our decisions more than financial theory. Analyzing how investors behave in the real world, this is the first book of its kind to delve into the ways biases...