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Psychology And The Economic Mind

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Psychology And The Economic Mind

SKU# 9780826150424

Cognitive Processes and Conceptualization

Author: Robert Leahy PhD


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This book elaborates on a multidimensional model of decision-making that applies to how individuals make "mundane decisions." Decisions about pursuing relationships, exercise, work, or anything where people might have to "invest" time or behavioral effort are examples. The author utilizes cognitive-developmental theory to understand how children and adolescents make sense of economic inequality.

This modern portfolio theory model of decision-making applies economic concepts to everyday life and may help us understand why individuals differ in their willingness to take risks. It also contributes to our knowledge of personality disorders such as depression and mania.

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Product Details 

  • Publication Date October 21, 2002
  • Page Count 256
  • Product Form Hardback
  • ISBN 13 9780826150424
  • EISBN 9780826150431

Table of Contents 

    Part I: Portfolio Theory and Decision Making
  1. An Investment Model of Depressive Resistance
  2. Decision Making and Mania
  3. Depressive Decision Making: Validation of the Portfolio Theory Model
  4. Decision Making and Personality Disorders

  5. Part II: Pessimism and Self-Limitation
  6. Strategic Self-Limitation
  7. Sunk-Costs and Resistance to Change
  8. Pessimism as Risk Management

  9. Part III: Acquisition and Dissatisfaction
  10. Insatiability
  11. Modifying the Cycle of Dissatisfaction
  12. Cognitive Therapy on Wall Street: Schemas and Scripts of Invulnerability

  13. Part IV: Development of Conceptions of Inequality
  14. The Development of Concepts of Economic and Social Inequality

  15. Appendix 1: Conceptions of Class
    Appendix 2: Conceptions of Individual Differences in Intelligence