Implications of Psychology for the Economy Flashcards
How has the research by Milgram and Asch influenced the economy?
Researchers like Milgram and Asch demonstrated how situational social pressures could influence an individual’s behaviour.
Organisations used this research to change the behaviour of citizens, by sending letters to people who didn’t pay their tax and including statistics showing the majority were paying their taxes. This project increased taxes paid within 23 days by more than 1.6 million.
These research studies help the government improve the economy by increasing the amount of money available to the government to spend another services
How has research into drug treatments improved the economy?
The action and imbalance of neurotransmitters are linked to mental health conditions.
Drug therapies can act on neurotransmitters, altering how they function in the brain and reducing symptoms.
The development of cheap and effective drug treatments has allowed people to reduce symptoms and return to every life, including work
This has improved the economy by reducing the cost ton the NHS, improving workers productivity at work and increasing the number of workers paying taxes
How have the behavioural theories influenced the economy?
The behavioural theories of classical and operant conditioning have explained how to shape and even change human behaviour.
Social media and computer game companies have used these theories to manipulate users to engage with their products by providing. ore virtual rewards, such as “likes”, “followers” and “levels”.
Thus improving the economy as companies like Facebook can display more adverts, making more money
