Economic Psychology An Introduction

includes index and biblioraphy

1 Economic psychology : History and application ....1 Markets ...2 Economics and psychology ...6 Economic psychology ...14 Topic areas within economic psychology ...23 2 Decision making : Normarive models and anomalies ...26 Decisions under uncertainty ....27 Decision anomalies ...34 3 Decision making : Descriptive models and choice architecture ...63 Prospect theory ...64 Descriptive decision models ....76 Designing decision architectures ...80 4 Lay theories : Knowledge and money ...93 Lay theories ...94 Economic knowledge ...103 Money ...113 5 Consumer Markets : Purchasing and credit use ...134 Purchase decisions by individual consumers ...135 Purchase decisions in private households ...142 Credit decisions of individuals and households ...164 6 Labour markets : Wages and entrepreneurship ...175 Supply and demand for labour ...175 Wages ...192 Entrepreneurship ...199 7 Financial markets :Risk and investment ...217 The exchange ...218 over and under reactions to news ...224 Disposition effect ...228 Heuristics ...231 Emotions ...234 Social influences ...235 Trust in financial institutions ...240 8 Collective cooperation : Shadow economy and tax paying ...245 In the shadow of the official economy ...246 Taxes and contributions ...249 Attitudes towards taxes ...257 Tax behaviour : Definitions relevant actors and research methods ...261 Paradigms of tax behaviour research ....268 Synergistic verus antagonic climates : recommended Practice ...281 9 Collective production : Work and unemployment ...285 Work ...285 Unemployment ...293 Determinantys of reemployment ...308 10 Collective prosperity : Wealth and happiness ...311 Life satisfaction ...312 Definitions of well-being, Happiness, satisfaction and quality of life ...313 Measuring satisfaction ...316 National and subjective life satisfaction ...321 Life satisfaction and gross domestic product ...328