For a long time, the psychology of money used a simple hedonic analysis. In human society, money came to be described as a secondary reinforcer that derived its value due to its association with the primary reinforcers like safety, status, and self-respect. In recent years, the study of the psychology of money has moved beyond the relative simplicity of reinforcement models as the importance of money in everyday life requires a better understanding of the dynamics of our so-called financial lives. Money attitudes, money and work, money and love, economic equity, financial capability, financial anxiety, financial literacy, and globalization reveal that money talk activates predictable psychological processes that influence the outcomes of important human exchanges and experiences.
The study of the psychology of money demonstrates that modernity necessitates a money minded approach that influences human behavior in myriad ways that go beyond the explanations of secondary reinforcers. This page will provide access to research in the area of the psychology of money.
You can visit Money Talk’s Peer Reviewed Money Research