When Psychologists Began Applying Insights from Psychology to Develop Models

question 9

Multiple Choice

When psychologists began applying insights from psychology to develop models about economic behavior, they were developing the field of

• A) financial psychology.
• B) behavioral economics.
• C) economic psychology.
• D) social-psychological finance.

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Definitions:

Thumbs-up

A hand gesture used to express approval, satisfaction, or that everything is okay, often also used in digital communications to signify agreement.

Cultures

The collective norms, values, beliefs, and practices of a group of people, which shape their behavior and perspectives.

Body Language

Non-verbal forms of communication, including gestures, postures, and facial expressions, used to convey emotions and intentions.

Face-to-face Communication

Direct interaction between two or more people, allowing for immediate feedback and the utilization of verbal and non-verbal cues.