There is nowadays an extensive literature about irrationality of the economic human decision making. Economic Psychology and Behavioral Finances attempt to provide better models of the economic and financial human reasoning, using knowledge provided by Psychology and Behavioral Sciences....

Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions...

In this paper, we address theoretical developments of choice models in the financial field, starting with the efficient market hypothesis (EMH) in financial markets and its implications, then moving on to a review of the theoretical and empirical challenges posed by psychological and behavioral...

Wie Geld unser Denken beeinflusst. Sobald Geld ins Spiel kommt, verändert sich unsere Einstellung. Geld macht unser Leben berechenbarer, lässt uns kühl kalkulieren, planen und handeln. Allerdings nicht immer. Geld kann auch Gier entfesseln, kann uns leichtsinnig machen, egoistisch oder...