The psychology of money

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dc.abstract.enMoney is typically defined as a means of exchange - a universal economic force that allows people to fulfil their needs by purchasing goods. Psychological science, however, shows that money may be an end in itself, influencing both social relations and intrapersonal regulations. This chapter provides insight into the psychology of money. We argue that people’s beliefs and behaviours concerning money’s purchasing power and its symbolic meanings go far beyond its understanding as an economic force and diverge from assumptions underlying models developed in economics. We show how people assign subjective value to money, and which factors might affect these valuations. We review studies of the symbolic meaning of money and provide insights into various methods of exploring such a meaning, including money priming and the psychometric measurement of attitudes towards money. Finally, we offer potential new directions for investigating the psychology of money and suggest practical implications of the presented findings.
dc.affiliationInstytut Psychologii
dc.affiliationWydział Psychologii we Wrocławiu
dc.contributor.authorGąsiorowska, Agata
dc.contributor.authorZaleśkiewicz, Tomasz
dc.contributor.editorAltman, Morris
dc.date.accessioned2024-01-03T07:50:37Z
dc.date.available2024-01-03T07:50:37Z
dc.date.issued2023-03-17
dc.description.grantnumber2016/21/B/HS6/01188
dc.description.granttitlePieniądze i etyka. Konsekwencje zorientowania umysłu na wartości rynkowe wskutek kontaktu z pieniędzmi dla przestrzegania lub łamania standardów etycznych
dc.description.physical209–225
dc.description.versionfinal_published
dc.identifier.doi10.4337/9781839107948.00021
dc.identifier.isbn9781839107948
dc.identifier.isbn9781839107931
dc.identifier.urihttps://share.swps.edu.pl/handle/swps/277
dc.identifier.weblinkhttps://www.elgaronline.com/edcollchap/book/9781839107948/book-part-9781839107948-21.xml
dc.languageen
dc.pbn.affiliationpsychologia
dc.publisherEdward Elgar Publishing
dc.publisher.ministerialEdward Elgar Publishing
dc.relation.bookHandbook of research methods in behavioural economics : an interdisciplinary approach
dc.relation.pages532
dc.rights.explanationNie wykupiono open access
dc.rights.questionNo_rights
dc.subject.enmoney
dc.subject.enpsychology of money
dc.subject.ensubjective value
dc.subject.ensymbolic meaning of money
dc.subject.enmoney attitudes
dc.subject.enmoney priming
dc.swps.sciencecloudnosend
dc.titleThe psychology of money
dc.title.journalHandbook of Research Methods in Behavioural Economics
dc.typeMonographyChapter
dspace.entity.typeBook