By Stephen E. G. Lea;Paul Webley
This quantity comprises essays via well-known economists and psychologists operating on the frontiers of financial psychology. a few essays probe ideals and expectancies approximately rationality, purchaser behaviour and expectancies, and others examine mental factors of financial behaviour and the contribution of experimental economics. The ebook might be crucial analyzing for either psychologists and economists with an curiosity within the most modern study in fiscal psychology.
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Additional info for New Directions in Economic Psychology: Theory, Experiment and Application
Frank, R. H. ( 1 985). Choosing the right pond: Human behavior and the quest for status. Oxford: Oxford University Press. Grasmick, H. , & Green, D. E. ( 1 98 1 ). Deterence and the morally committed. Sociological Quarterly, 22( 1), 1 - 1 4. Kohn, A. ( 1 988). Incentives can be bad for business. Inc, 10(7), 93-94. Koretz, G. ( 1 989). Smokers may be keeping social security healthy . . but pricier smokes may still make economic sense. Business Week (5th June), p. 27. Lancaster, K. J. ( 1966). A new approach to consumer theory.
Thirty people (identified here by numbers between I and 47), of both sexes, 32 Sonia M . Livingstone and Peter K. Lunt different ages, and a range of occupations and social classes were given the following instructions: We are i nterested in your opinions about luxury and necessity. Please use the space below to write down your thoughts on what people need in their lives and what counts as a luxury. Where is the dividing line between luxury and necessity? Please think about luxury and necessity both for people in general and for yourself in particular.
By setting fines equal to the harm the corporate crime inflicts on society, companies will be deterred from certain crimes and society will be compensated for the harm imposed. Thus. ' (Becker, 1 985b). Posner furthers this economic analysis of crime by arguing that fines can be an equally effective deterrent and are socially preferable because they are cheaper to administer than costly jail terms. He arrives at this conclusion using a cost-benefit analysis which weighs the cost of collecting a fine and the cost of imprisonment.
New Directions in Economic Psychology: Theory, Experiment and Application by Stephen E. G. Lea;Paul Webley