The chapter presents an accessible overview of contemporary economic psychology applied to the phenomenon of inflation. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. In addition to reviewing current knowledge on this topic, we considered the practical and policy implications for supporting economic decision making. We examined the central aspects of adult decision making in everyday life and included the theories of economic decision making based on risk, value and affect, as well as theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations of inflation.
The Citizen’s Judgements of Prices and Inflation
PIETRONI, Davide
2017-01-01
Abstract
The chapter presents an accessible overview of contemporary economic psychology applied to the phenomenon of inflation. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. In addition to reviewing current knowledge on this topic, we considered the practical and policy implications for supporting economic decision making. We examined the central aspects of adult decision making in everyday life and included the theories of economic decision making based on risk, value and affect, as well as theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations of inflation.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
