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Large Risks with Low Probabilities: Perceptions and willingness to take preventive measures against flooding
This volume contains studies of one particular category of risky situations, namely, those involving highly negative consequences with low probabilities. Situations of this type involve both natural and man-made disasters (e.g. floods, technological hazards, economic crises, epidemics, etc.). Such risks are characterized by two features: (1) they occur relatively rarely (the probability of their occurrence is very low) and (2) they have extremely negative consequences (they are catastrophic). Such events generally cannot be prevented, but one can both try to anticipate them and undertake actions aimed at ameliorating their negative consequences. Consequently, the first part of the book is de...
Responsible Decision Making
What should I do?, How should I deal with this?, How should I behave?, How should I act? we ask ourselves daily. But, this is only the first part of the sentence, while the full sentence is What should I do ... to achieve such and such?, for example to complete an assigned task, to do well before my boss or a client, to be pleased with myself, to carry out my plans, to make money in the stock market, to pass an exam, to complete an application, etc. These and similar questions that people ask, consciously or not, openly or not, are decisions.What skills must we master, especially when there is a need to make not only elementary decisions, but also decisions that affect the existence, health,...
The Complete Guide to Portfolio Construction and Management
In the wake of the recent financial crisis, many will agree that it is time for a fresh approach to portfolio management. The Complete Guide to Portfolio Construction and Management provides practical investment advice for building a robust, diversified portfolio. Written by a high-profile investment adviser, this book reveals a practical portfolio management framework and new approach to portfolio construction based on four key market forces: macro, fundamental, technical, and behavioural. It is an insight that takes the focus off numbers, looking instead at the role of risk and behavior in finance. As we have seen with the recent finance meltdown, traditional portfolio management techniques are flawed. Investors need to understand those flaws and learn how to incorporate risk management and behavioral finance into their asset management strategies. With a foreword by industry leader Francois-Serge L'habitant, this is your one-stop guide, with new ways for you to manage, grow and preserve your investment portfolio, even in uncertain markets.
A Philosophy of Need
Appeals to 'need' are everywhere. This seminal volume introduces the concept as a vital component in the business of living.
Social and Moral Values
Originally published in 1989, this joint venture of American and Polish psychologists provides an international perspective on the psychological factors that make people attend to the well-being of others and of society. The individual sections focus on: theoretical perspectives in the nature of values; the development of positive values; the place of values in various types of decisions; the regulation of behaviors through values and the relation of values to behavioral outcomes; and sociopolitical, socioeconomic, and historical perspectives on values.
Economic Psychology
A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of interte...
Elements of Applied Psychology
Originally published in 1994, Elements of Applied Psychology provided an introductory survey of the major aspects of applied psychology at the time for students of psychology as a main or ancillary subject. It was the first text to investigate the pressures created by this increased interest in applied psychology, offering insight into the factors which had influenced its patterns and direction. The book comprises 18 chapters, covering both the well-established fields of professional psychology, such as educational, clinical/counselling and occupational/organisational psychology, and areas of developing application at the time, including applied cognitive psychology, economic and health psychology, and psychology and law. The text will still be of value to students considering possible career areas in psychology, students on psychology courses pondering choice of specialism and those students taking psychology as a subsidiary subject in one of the areas covered. It is also consistent with the increasing link between the academic community and practitioners. It will serve to increase the understanding and exchange.
Constructing a More Scientific Economics
John Tomer was a leading intellectual figure in behavioural economics, making distinct contributions to the theory of the firm, social economy, choice theory, and government policy. His underlying methodology as an economist was to incorporate different disciplinary approaches to the subject at hand, whilst maintaining an underlying respect and understanding of how and why humans behave the way they do. This book brings together a collection of scholars celebrating John Tomer’s contributions to the field of economics. Covering key areas of his research, contributing authors discuss the latest research in behavioral economics, the human firm, climate change policy, sustainability, well-being, human capital, and human development. This volume, extending John Tomer’s more scientific perspective rooted in behavioural and institutional economics, should find an audience among both scholars and policy advocates. It can also enrich course delivery, providing students with alternative perspectives and approach to economic and socio-economic analysis.
The Practice of Social influence in Multiple Cultures
This book provides a diverse collection of studies reporting the effects of social influence processes in multiple cultures at both the universal and culture-specific levels. The book is characterized by three distinct features. First, the social influence process is considered as a ubiquitous and pervasive feature of human interaction. Second, the book represents a multicultural approach which includes both cross-cultural and culture-focused examinations. Third, the book emphasizes practical implications of the research presented. This volume incorporates theory and research stemming from three different approaches to social influence: social influence principles across cultures, social inf...
Dual-Process Theories in Moral Psychology
This anthology offers a unique collection of contributions focusing on the discussion about the so-called dual-process theories within the field of moral psychology. In general, dual-process theories state that in cognitive systems, two sorts of processes can be differentiated: an affective, associative process and an analytical, rule-based process. This distinction recently entered the debate on the relationship between intuitive and rational approaches to explaining the phenomenon of moral judgment. The increasing interest in these theories raises questions concerning their general impact on social contexts. The anthology aims at presenting stepping-stones of an analysis of the merits and drawbacks of this development. For that purpose, the authors discuss general questions concerning the relationship between ethics and empirical sciences, methodological questions, reassessments of established terminology and societal implications of dual-process theories in moral psychology.
