When Psychologists Began Applying Insights from Psychology to Develop Models

question 19

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 economics.

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Definitions:

Peak Experiences

Moments of extreme joy, creativity, or fulfillment that are often transforming in an individual's life.

Creative

Relating to the use of imagination or original ideas to create something; inventiveness.

Self-actualized People

Individuals who have realized and fulfilled their potential, achieving the highest level of Maslow's hierarchy of needs.

Personal Weakness

Specific areas or aspects of an individual's character or abilities that are less developed or less effective than others.