Monetary Wisdom

Monetary Aspirations Impact Decision-Making

By: Thomas Li-Ping Tang (Editor)

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Paperback | 21 May 2024

At a Glance

Paperback
566 Pages

Dimensions(cm)
27.94 x 21.59 x 2.92

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$395.75

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Globalization creates economic prosperity for citizens around the world. It changes people’s deep-rooted attitudes, values, and behavioral patterns. Editor Thomas Li-Ping Tang is the first to scientifically capture the meaning of money and coin the contemporary love of money construct. Ardent monetary aspirations involve affective, behavioral, and cognitive subconstructs. Monetary Wisdom: Monetary Aspirations Impact Decision-Making bridges the gaps between behavioral economics, business ethics, decision-making, and the psychology of money. It compiles research from world-renowned experts in 37 countries across 6 continents. This book presents an excellent collection of innovative and multicultural views. Monetary Wisdom investigates how individuals apply monetary aspirations as a lens, frame critical concerns at the proximal and omnibus contexts, and maximize expected utility and ultimate serenity at the individual, organizational, and global levels. The books’ practical implications help readers apply and enjoy these discoveries’ benefits.

Inspires readers to learn one of the world’s most often used money attitude measures
Notices that, in modern societies, money is power at the individual level
Suggests that monetary aspirations (not money itself) predict cheating
Profiles that reducing stress curbs dishonesty directly and indirectly
Illustrates that leaders promote employees’ honesty and creativity
Reveals how corruption expands prospect theory to a global level
Explores the contexts to achieve balanced aspirations and serenity

Industry Reviews

"Monetary Wisdom: Monetary Aspirations Impact Decision-Making is an indispensable guide to understanding the complex relationship between money and ethics. From exploring the psychology of monetary values to analyzing global challenges in behavioral economics, this book offers a thorough examination of monetary decision-making. . Edited by Thomas Li-Ping Tang and featuring contributions from experts across 37 countries, this book offers a rich tapestry of multicultural perspectives. With its practical implications and innovative research, this book equips readers with essential knowledge for navigating today's world. Monetary Wisdom is a must-read for anyone seeking insight into the intersection of money, motivation, decision making, and morality. " -- Dr. Erico (Erich) Kirchler, Faculty of Psychology, University of Vienna

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