Association of demographic and behavioral characteristics on financial decision making

Policy Applications of Behavioral Insights to Household Financial Decision-Making Behavioral Science and Policy Symposium Financial Decision-Making Working Group

Role Taking Under Financial Risk Decision Making

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

Psychology, Financial Decision Making, and Financial Crises.

It is understandable that people ask how the current financial crisis could happen. As the market actors appear irrational, it is also understandable that people—lay people and experts alike—believe that psychological factors play a decisive role. Is there evidence for such a role, and what is the evidence? This monograph reviews, evaluates, and discusses research—primarily psychological resear...

The Effect of Violent and Melodrama Movies on Risky Decision-making and Behavioral Inhibition in Adolescents

Introduction: Brain functional performance is a collection of outstanding mental processing that provides a framework for achieving goals based on targeted behaviors. Disorders in executive functions make it difficult for a person to perform everyday tasks. One of the phenomena highlighted in various media is the violence that adolescents welcome with the production of violent movies. This stud...

Aging and Financial Decision Making

This study examines how cognitive changes associated with aging impact the financial decision making capability of older Americans. We find that a decrease in cognition is associated with a decrease in financial literacy. Decreases in episodic memory and visuospatial ability are associated with a decrease in numeracy, and a decrease in semantic memory is associated with a decrease in financial ...