Economic Decision Making - Social Psychology Lecture 13 Part 5 скачать в хорошем качестве

Economic Decision Making - Social Psychology Lecture 13 Part 5

In this video, we explore the Economic Decision-Making section from Lecture 13, where we apply social-psychological insights to real-world financial behavior. 📌 Topics Covered: The Symbolic Power of Money: How mere reminders of money change our self-sufficiency, independence, and responses to social rejection. Social Influences in the Stock Market: Why investors often follow the herd—fear, greed, contagion, and the endowment effect—and how rumors and media can trigger self-fulfilling prophecies in asset prices. Commitment, Entrapment & Escalation: What drives us to throw good money after bad, how loss aversion and personal responsibility fuel the escalation effect, and strategies for avoiding the sunk-cost trap. Principles for Better Decisions: Why only future costs and benefits matter (sunk‐cost principle), and practical de-escalation techniques to keep us from over-investing in failing courses of action. 📖 Reference: Kassin, S., Fein, S., & Markus, H. (2015). Social psychology (10th ed.). Boston: Cengage Learning. Watch related lectures in these playlists: • Organizational Psychology Lectures -    • Organizational Psychology Lectures 1-17 (S...   • Group Dynamics Lectures -    • Group Dynamics Lectures 1-15 (Short Versions)   • Organizational Behavior Lectures -    • Organizational Behavior Lectures 1-14 (Sho...   #EconomicDecisionMaking #SocialPsychology #BehavioralFinance #SunkCostFallacy #LossAversion #HerdBehavior #StockMarketPsychology #MoneyPsychology #CognitiveBias #InvestmentDecisions #EndowmentEffect #PsychOfMoney #KassinTextbook #FinancialBehavior #DecisionMakingScience #PsychEducation #SIUE #CollegePsychology #PsychMajor