Modern Psychological Studies
University of Tennessee at Chattanooga
Place of Publication
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.
BF1 .M63 v. 18 no. 1 2012
Mullarkey, Michael C. and Parker, Scott
"None for the money: how we actually make monetary decisions: a literature review,"
Modern Psychological Studies: Vol. 18
, Article 10.
Available at: http://scholar.utc.edu/mps/vol18/iss1/10