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Modern Psychological Studies

Periodical Title

Modern Psychological Studies

Volume

18

Number

1

Page Numbers

pages 66-78

Department

Dept. of Psychology

Publisher

University of Tennessee at Chattanooga

Place of Publication

Chattanooga (Tenn.)

Date

2012

Abstract

Often, critics of academic scholarship point to the failure of academic findings translating to practical applications. This paper tackles an issue that most people deal with every single day, how to make smart decisions with their money. The literature scrutinizing the psychology of monetary decisions is vast. However, in a literature so comprehensive it can be easy to miss the forest for all the trees. By returning primarily to two authors who did much of the foundational research on the subject and expanding upon their work, this paper examines the overwhelming prevalence, causes, and future implications of irrational monetary decision making.

Subject

Psychology--Periodicals

Keyword

decision-making; money; heuristics; positive psychology

Discipline

Psychology

Document Type

articles

Extent

13 leaves

Language

English

Call Number

BF1 .M63 v. 18 no. 1 2012

Rights

Under copyright.

Included in

Psychology Commons

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