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Psychology of Decision Making in Economics, Business and Finance
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Editors: Klaus P. Hofmann
Book Description:
In a fast-moving world, the necessity of making decisions, and preferably good ones, has become even more difficult. One reason is the variety and number of choices perhaps available which often arenot presented or understood. Alternatives are often unclear and complex paths to them confusing and misleading. Thus the process of decision making itself requires analysis on an ongoing basis. Decision making is often made based on cultural factors whereas the best alternative might be quite different. The subject touches ethics aspects as well as psychological considerations. This new book presents important research on the psychology of decision making related to economics, business and finance.

Table of Contents:

Expert Commentary

Commentary - Psychological Aspects of Decision Making As New Research Topics in Natural Resources Management; pp. 1-6
(T. Hujala, T. Kainulainen and P. Leskinen)

Research and Review Articles

Chapter 1 - Relativity of Financial Preferences: How Choice Options Influence Investment Decision Making; pp. 7-36
(Ivo Vlaev and Nick Chater)

Chapter 2 - Charting the Course of Self Evaluations and Social Comparisons Over Time; pp. 37-63
(Janet A. Sniezek, Phanikiran Radhakrishnan and Tahira M. Probst)

Chapter 3 - Instability And Relativity of Preferences: How Context Determines Utilities And Decisions; pp. 65-86
(Ivo Vlaev)

Chapter 4 - Press Media Influence On Perceptions Of Genetically Modified Food in the UK and Spain; pp. 87-110
(Marta Vilella-Vila and Joan Costa-Font)

Chapter 5 - Comparing Risky and Inter-Temporal Decisions; Views from Psychology, Ecology and Microeconomics; pp. 111-135
(Tobias Kalenscher and Philippe N. Tobler)

Chapter 6 - The Effects of Perceptions on Mode Choice; pp. 137-161
(Maria Vredin Johansson)

Chapter 7 - The Psychology of Decision-Making in Economics: A Review; pp. 163-178
(Jeffrey A. Livingston and Michael A. Quinn)

Chapter 8 - Why Do People Change Thier Minds? Evidence From the Purchase of Long-Term Care Insurance; pp. 179-193
(Anne Theisen Cramer and Gail A. Jensen)

Chapter 9 - Learning, Acceptance and the Perceptions of Risks and Benefits of New Technology Developments in Spain; pp. 195-206
(Montse Costa and Joan Costa-Font)

Chapter 10 - The Conflict between Money and Self-esteem in Investment; pp. 207-215
(Liqing Zhang)


   Binding: Hardcover
   Pub. Date: 2008
   Pages: 227 pp.
   ISBN: 1-60021-917-9
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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Psychology of Decision Making in Economics, Business and Finance