| Description |
1 online resource |
| Contents |
Intro -- Foreword -- Preface -- Contents -- Contributors -- About the Editors -- Part I: The Level of the Brain -- Chapter 1: Neural Bases of Financial Decision Making: From Spikes to Large-Scale Brain Connectivity -- Spiking Neurons -- The Anatomy of the Neuron -- The Neuron at Rest: The Membrane Potential -- The Neuron in Action: The Action Potential -- Communication from One Neuron to the Next -- From Neurons to Networks -- Methodological Tools Used in Neuroscience -- Single-Unit Recording -- Functional Magnetic Resonance Imaging (fMRI) |
|
Electroencephalography (EEG) and Magnetoencephalography (MEG) -- Measuring the Communication Between Brain Regions -- Manipulating Brain Activity -- The Reward Circuit -- A Network of Cortical and Subcortical Structures -- Dopamine Neurons Encode a Reward Prediction Error (and More) -- Decision Making as Evidence Accumulation -- The Principle of Evidence Accumulation -- Evidence Accumulation in Single Neurons and Population of Neurons -- Evidence Accumulation in Large-Scale Brain Activation and Connectivity -- Concluding Remarks -- References |
|
Chapter 2: Neural Correlates of Decision Variables and Strategic Preferences -- Introduction -- Decision Neuroscience: An Overview -- Neuroscience and Financial Decision Making -- Valuation -- Risk and Uncertainty -- Neuroscience and Strategic Decision Making -- Future Directions -- References -- Chapter 3: Hormones, Stress and Financial Decision Making -- The Significance of Making Decisions and the Variety of Finance -- Cognition Versus Emotion -- The Role of Reward in Financial Decisions -- The Brain and Financial Rewards -- Risk Appetite and Financial Decisions |
|
Hormones and Financial Decisions -- Stress and Its Influence on Financial Decisions -- The Endocrine Stress Response -- Cortisol and Decision Making -- Stress and the Brain -- The Nature and Function of Testosterone -- Lifetime Trajectory of Testosterone -- Testosterone, Risk and Rewards -- The Menstrual Cycle and Decisions in Females -- The Importance of Trust: Oxytocin -- Interactions Between Hormones: The Importance of Endocrine Patterns -- The Covert Action of Hormones in Financial Decision Making -- References -- Part II: The Level of an Individual Decision Maker |
|
Chapter 4: Cognitive Abilities and Financial Decision Making -- Introduction -- Intelligence -- Statistical Numeracy -- Multiple Numeric Competencies -- Approximate Numeracy -- Subjective Numeracy (Numeric Confidence) -- How to Improve Financial Decision Making? -- Cognitive Training and Education -- Cognitive Training -- Education -- Decision Aids -- Summary -- References -- Chapter 5: The Arrested Deployment Model of Financial Literacy -- Introduction -- Financial Literacy -- From Literacy to Rationality -- The Arrested Deployment Model -- Implications of the Model |
| Summary |
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 Stock 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 |
| Notes |
Includes index |
| Subject |
Finance -- Decision making -- Psychological aspects
|
|
Cognition & cognitive psychology.
|
|
Behavioural economics.
|
|
The self, ego, identity, personality.
|
|
Psychology -- Cognitive Psychology.
|
|
Business & Economics -- Organizational Behavior.
|
|
Psychology -- Personality.
|
| Genre/Form |
Electronic books
|
| Form |
Electronic book
|
| Author |
Zaleskiewicz, Tomasz
|
|
Traczyk, Jakub
|
| ISBN |
9783030455002 |
|
3030455009 |
|
