Choice Architecture to Improve Financial Decision Making

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 ...

Using Decision Styles to Improve Financial Outcomes

Applying Fairness Theories to Financial Decision Making

This paper explores the role of fairness in consumer financial decisions. Specifically, we investigate how consumers’ perceptions of fairness for financial products can influence their willingness to purchase those products. In doing so, we also consider why perceptions of fairness for financial decisions are different from fairness concerns for other types of consumer products. We also explore...

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...

A Way to Improve Decision-Making

Knowledge discovery in databases is a process that aims at the discovery of associations within data sets. The analysis of geo-referenced data demands a particular approach in this process. This chapter presents a new approach to the process of knowledge discovery, in which qualitative geographic identifiers give the positional aspects of geographic data. Those identifiers are manipulated using...