This main objective of this research is to verify if the psychological profile influences the rationality of individuals' financial decision. To this end, a survey was applied to a group of undergraduate students, based on prospect theory and big five personality traits. We found evidence that...

This paper argues for broadening the application of hysteresis to institutions, policy lockin, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should...