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Economic Psychology Quotes

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Economic Psychology Quotes

“This book consists of the following chapters: 1- ‘The Turkish currency reform’: Naïve inflation, endowment effect, anchoring and the money illusion. 2- Towards a developmental economic psychology: A review of the literature. 3- Economic crisis as trauma and psychotherapy as the guardian of status quo. 4- On father attachment: a preliminary review. 5- Developing at a kibbutz context: a review on recent studies.”

PsychologyChild DevelopmentEconomic Psychology
Book:Economic Psychology & Child Development
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“In this study conducted in Boğaziçi University with 121 In this study conducted in Boğaziçi University with 121 participants, the psychological correlates of the endowment effect are probed. The endowment effect is the asymmetry between the amount that a given individual would like to pay for a certain good and the amount that this individual would like to accept to sell the same good. There are two types of endowment effect: The real endowment effect is the one observed in real or simulated economies, while the hypothetical endowment effect is the one exhibited for imaginary situatiofect is the one observed in real or simulated economies, while the hypothetical endowment effect is the one exhibited for imaginary situations Individualism-Collectivism and perspective taking are considered as psychological correlates of the endowment effect in this study. The study shows that there is at least some relationship between the real endowment effect and perspective taking and that individualism-collectivism is significantly correlated with perspective taking.”

PsychologyEconomicsEconomic Psychology
Book:An Economic Psychological Experiment: Individualism-Collectivism, Perspective Taking, And Real And Hypothetical Endowment Effects
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