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Psychodynamics, also known as psychodynamic psychology, in its broadest sense, is an approach to psychology that emphasizes systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experience.
The concept of framing is adopted in prospect theory, which is commonly used by mental accounting theorists as the value function in their analysis (Richard Thaler Included [12]). In Prospect Theory, the value function is concave for gains (implying an aversion to risk), indicating
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. [1] [2] Behavioral economics is primarily concerned with the bounds of rationality of economic ...
Daniel Kahneman (/ ˈ k ɑː n ə m ə n /; Hebrew: דניאל כהנמן; March 5, 1934 – March 27, 2024) was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith.
Friedman's challenges to what he called "naive Keynesian theory" [9] began with his interpretation of consumption, which tracks how consumers spend. He introduced a theory which would later become part of mainstream economics and he was among the first to propagate the theory of consumption smoothing.
The Economics of Illusion:Critical analysis of contemporary economic theory and policy. USA: Squier Publishing company. Murad, Anatol. What Keynes Means. USA. Hirai, Toshiaki (2008). Keynes Theoretical Development- from the tract to the General theory. Milton Park, Abingdon: Routledge.
Psychoanalysis [i] is a therapeutic method and field of research developed by Sigmund Freud.Founded in the early 1890s, initially in co-operation with Josef Breuer and others' clinical research, [1] he continued to refine and develop theory and practice of psychoanalysis until his death in 1939.
Three Essays on the Theory of Sexuality, sometimes titled Three Contributions to the Theory of Sex, written in 1905 by Sigmund Freud explores and analyzes his theory of sexuality and its presence throughout childhood. Freud's book describes three main topics in reference to sexuality: sexual perversions, childhood sexuality, and puberty.