Economic Psychology

When it comes to decisions about buying and selling, businesses are supposed to use evidence and observations about the market for goods to make profitable decisions. In classical economics, it’s assumed that people make financial decisions based on rational rules of thumb—buy low, sell high, diversify portfolios, that kind of More

Read about the latest research published in Psychological Science: A Safe Haven: Investigating Social-Support Figures as Prepared Safety Stimuli Erica A. Hornstein, Michael S. Fanselow, and Naomi I. Eisenberger Research has shown that fear learning occurs more readily with certain stimuli such as snakes and spiders, perhaps because these types of More

Scientific American: A research team led by public policy Professor Eileen Chou at the University of Virginia hypothesized that the confluence of these two trends – greater economic uncertainty and more physical pain – may not be entirely coincidental. Chou and her colleagues recently published a paper in Psychological Science summarizing More