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A Research Agenda for Economic Psychology

Edited by Katharina Gangl, University of Goettingen, Germany and Erich Kirchler, University of Vienna, Austria
This book presents state of the art reviews on classical and novel research fields in economic psychology. Internationally acknowledged experts and the next generation of younger researchers summarize the knowledge in their fields and outline promising avenues of future research. Chapters include fundamental as well as applied research topics such as the psychology of money, experience-based product design and the enhancement of financial capabilities. The book is targeted particularly towards researchers and advanced students looking to update their knowledge and refresh their thinking on future research developments.

Extent: c 240 pp
Hardback Price: $130.00 Web: $117.00
Publication Date: April 2019
ISBN: 978 1 78811 605 3
Availability: Not yet published (pre-order)
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  • Economics and Finance
  • Behavioural and Experimental Economics
  • Economic Psychology
Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.

Presenting state-of-the-art reviews on classical and novel research fields in economic psychology, this Research Agenda studies the fundamentals, perceptions and understanding of economic phenomena and behaviour. Internationally renowned experts as well as the next generation of researchers summarize the field and outline promising avenues of future research.

Research topics are addressed from an interdisciplinary perspective, providing a broad spectrum of thought on economic psychology. Exploring important gaps in research, chapters include theoretical as well as applied themes and cover novel research fields, to keep the reader abreast of contemporary developments. These include the psychology of money, product design, financial capabilities, sustainable consumption, diet, ethical conduct, gender inequality, the sharing economy, basic income, happiness, and tax psychology.

Researchers and advanced students of economics and psychology looking to update their knowledge and refresh their thinking on future research will greatly benefit from this timely book.
‘This book presents a highly interesting collection of economic-psychological contributions on important contemporary topics in society. What makes this book outstanding is that it combines an applied, problem-oriented perspective (e.g., on indebtedness, gender inequality, tax evasion) with up-to-date reviews and stimulating ideas for research. It incorporates many current developments (e.g., digital transformation, sharing economy) and debates (e.g., corporate responsibility, basic income), and therefore provides a valuable overview on current economic psychology.’
– Erik Hölzl, University of Cologne, Germany

‘The chapters are succinct, offering straightforward and accessible reviews of research areas in economic psychology. Some of the topics are familiar ones including chapters on money, debt, tax, wealth and happiness, while others are more novel such as those which cover the influence of digital technology on product design and the ‘Sharing Economy’. This is a book which mainly deals with applying Psychology to economic behaviour, which it succeeds in doing. This applied focus includes providing policy advice about changing behaviour in order to encourage healthier eating habits and the more efficient management of household finances.’
– Alan Lewis, University of Bath, UK
Contributors include: S. Asbach, J.M. Bauer, J. Bosak, S. Diefenbach, K. Gangl, A. Gasiorowska, B. Hartl, M. Hassenzahl, D. Hilton, E. Hofmann, J. Khan, E. Kirchler, C. Kulich, C. Loibl, T.L. Milfont, K. Patel, L.A. Reisch, G. Rivers, D. Schwartz, M. Sommer, D. Stimmler, O. Stravrova, C. Tanner, I. Vlaev
Contents:

1. Economic psychology: Selected contributions to an emerging discipline
Katharina Gangl and Erich Kirchler

2. Lay people’s and children’s theories of money
Agata Gasiorowska

3. Improving financial capability
Krishane Patel and Ivo Vlaev

4. Role of ‘owned’ money and rational spending
Jashim Khan and Gary Rivers

5. Debts and over-indebtedness of private households
Cäzilia Loibl

6. Psychology in product design
Sarah Diefenbach and Marc Hassenzahl

7. The interplay between intrinsic motivation, financial incentives and nudges in sustainable consumption
Daniel Schwartz, Taciano L. Milfont and Denis Hilton

8. Behavioural mechanisms and (un)healthy dietary choices: A research agenda for better evidence
Jan M. Bauer and Lucia A. Reisch

9. Preventing wrongdoing and promoting ethical conduct: A regulatory focus approach to corporate ethical culture
Diana Stimmler and Carmen Tanner

10. The persistence of gender inequality in the workplace: Still a long way to go?
Clara Kulich and Janine Bosak

11. Sharing economy
Barbara Hartl and Eva Hofmann

12. Basic income: Insights from social experiments and simulations
Maximillian Sommer

13. Status quo and future research avenues of tax psychology
Katharina Gangl

14. Happiness and economic prosperity
Olga Stravrova and Simon Asbach

Index