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THE USE OF EDUCATIONAL PSYCHOLOGY TO EXPLAIN ECONOMIC BEHAVIOR

THE USE OF EDUCATIONAL PSYCHOLOGY TO EXPLAIN ECONOMIC BEHAVIOR Over the past decade, there has been increasing evidence describing investment and social interactions as direct determinants of traits that are assumed to evolve as a function of the experiences of agents, the stability and malleability of personality traits and preferences, the presence of behavioral tendencies for job training policy, and the importance of accurate predictions of risk preference. This paper aims to analyze and discuss psychological and neuroeconomic understanding of risk preference, the special nature of money in incentives, the causal impact of personality on outcomes, and the role of cognition in shaping personality. JEL Codes: H75; P36; D03 Keywords: trait; personality; economic behavior; social interaction http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

THE USE OF EDUCATIONAL PSYCHOLOGY TO EXPLAIN ECONOMIC BEHAVIOR

Economics, Management, and Financial Markets , Volume 9 (1): 112–117 – Jan 1, 2014

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

Over the past decade, there has been increasing evidence describing investment and social interactions as direct determinants of traits that are assumed to evolve as a function of the experiences of agents, the stability and malleability of personality traits and preferences, the presence of behavioral tendencies for job training policy, and the importance of accurate predictions of risk preference. This paper aims to analyze and discuss psychological and neuroeconomic understanding of risk preference, the special nature of money in incentives, the causal impact of personality on outcomes, and the role of cognition in shaping personality. JEL Codes: H75; P36; D03 Keywords: trait; personality; economic behavior; social interaction

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2014

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