A comprehensive overview of contemporary economic psychology
Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy.
The editor Robert Ranyard-a noted expert on economic psychology-presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource:
- Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity
- Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon
- Includes information on societal issues such as charitable giving and pro-environmental behaviour
- Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age
Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.
ROB RANYARD is a freelance researcher and Visiting Professor affiliated to the Centre for Decision Research, University of Leeds, UK. He is the editor of A Handbook of Process Tracing Methods for Decision Research (2011) and has publishing articles in journals including The Journal of Economic Psychology. He is a well-known figure in the field, previously serving as treasurer of the International Association for Research in Economic Psychology (IAREP) and currently being the IAREP country representative for the UK.
Notes on Contributors
Gerrit Antonides is a Professor Emeritus of Economics of Consumers and Households at Wageningen University, The Netherlands. He obtained his PhD at Erasmus University, Rotterdam, in 1988 and has published in the areas of behavioural economics, economic psychology, and consumer behaviour. He has been an editor of the Journal of Economic Psychology, has (co-)authored several textbooks in consumer behaviour and economic psychology and is past President of the Society for the Advancement of Behavioural Economics (SABE). The behavioural aspects of consumer decision-making concerning issues of finance, household, environment and health, are an important part of his current research activities.
John K. Ashton is a Professor of Banking at Bangor University, UK, Editor of the Journal of Financial Regulation and Compliance and Academic Director of the Chartered Banker MBA at Bangor Business School. John has previously worked at the University of Leeds, the University of East Anglia and Bournemouth University, publishing numerous academic articles on pricing, regulation, monetary policy transmission and competition within retail banking markets. These academic outputs have been informed by a career teaching banking through universities and with appropriate professional bodies.
Jan Willem Bolderdijk received his PhD in Environmental Psychology in 2011 from the University of Groningen The Netherlands. He is fascinated by people's tendency to make 'irrational' decisions, and frequently employs field experiments to explore new research ideas in realistic consumer settings. He currently works as an Assistant Professor at the Department of Marketing, University of Groningen, where he studies ways to promote sustainable consumer behaviour. He was awarded a 'Veni' career grant by the Dutch National Research Council (NWO) in 2014.
Nicolao Bonini is full Professor of Psychology of Consumer Choice in the Department of Economics and Management, at the University of Trento, Italy. His research training was at the University of Padua, from where he graduated in 1987. Then he was awarded a PhD on experimental psychology at the University of Trieste. Subsequently, he has held various research and lecturing posts in psychology, including Professor of Psychology at the University of Trento from 1999 to the present. He has undertaken psychological research using a range of methods, and has published widely on economic psychology and decision research. He has served the European Association of Decision Making as President, President-Elect, and a member of the steering board.
Christopher J. Boyce is currently a Research Fellow at Stirling Management School, the University of Stirling, UK. He graduated from the University of Surrey with a BSc in Economics in 2005 and then moved to the University of Warwick to complete an MSc in Economics. At Warwick, he completed a PhD in Psychology in 2009 on the topic of subjective well-being. After his PhD he held positions as a Research Fellow at the Paris School of Economics, the University of Manchester, and at the Institute of Advanced Studies. His current research crosses the boundaries of economics and psychology, and he tries to unite ideas from both disciplines. Specifically he is concerned with understanding how an individual's health and happiness are influenced by the world around them.
Wändi Bruine de Bruin holds a University Leadership Chair in Behavioural Decision Making at the Leeds University Business School, UK, where she co-directs the Centre for Decision Research. She is also affiliated with Carnegie Mellon University, the University of Southern California, and the RAND Corporation. She holds a PhD in behavioural decision-making and psychology and an MSc in behavioural decision theory from Carnegie Mellon University, as well as an MSc in cognitive psychology