Psychology And The Economy Flashcards
What does economic psychology research
Defect of social, cognitive and emotional factors on economical decisions
How was Kahneman’s researched used
Research into irrational thinking has changed many aspects of professional life e.g. juries and business
Showing examples of irrational thinking to be availability heuristic and framing effect
Give an example of psychology and the economy in social change
The use of social norms to reduce drink-driving
Given example of psychology in the economy and improving memory
The cognitive interview reduces police costs
Discuss psychology and the economy in attachment
Understanding of the importance of emotional care in infancy promotes a healthy adult population
Discuss psychology and the economy in mental health
Research on dementia and drug therapies saves money in an area of vast expenditure
Discuss psychology of the economy in biopsychology
Neuropsychology helps build smart, money-saving machines
