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These studies suggest that financial decisions are influenced by personality traits, psychological factors, emotions, risk attitudes, and the ability to process information.
20 papers analyzed
The psychology of financial decision-making explores how psychological factors influence individuals' financial behaviors and choices. This field integrates insights from psychology, behavioral finance, and economics to understand the cognitive, emotional, and social drivers behind financial decisions.
Personality and Financial Management:
Cognitive Biases and Emotional Factors:
Behavioral Finance and Decision-Making:
Neuroeconomics and Brain Activity:
Financial Literacy and Education:
The psychology of financial decision-making is a multifaceted field that incorporates personality traits, cognitive biases, emotional factors, and educational interventions. Understanding these psychological underpinnings can help individuals and financial professionals make better financial decisions, ultimately leading to improved financial well-being and economic outcomes.
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