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Psychological pricing (also price ending or charm pricing) is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, e.g. $19.99 or £2.98. [1]
The Philosophy of Money. The Philosophy of Money (1900; German: Philosophie des Geldes) [1] is a book on economic sociology by German sociologist and social philosopher Georg Simmel. [2] Considered to be the theorist's greatest work, Simmel's book views money as a structuring agent that helps people understand the totality of life.
The history of money is the development over time of systems for the exchange, storage, and measurement of wealth. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter. Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
G. Stanley Hall. Granville Stanley Hall (February 1, 1844 – April 24, 1924 [1]) was an American psychologist and educator who earned the first doctorate in psychology awarded in the United States of America at Harvard College in the nineteenth century. His interests focused on human life span development and evolutionary theory.
Endowment effect. In psychology and behavioral economics, the endowment effect, also known as divestiture aversion, is the finding that people are more likely to retain an object they own than acquire that same object when they do not own it. [1][2][3][4] The endowment theory can be defined as "an application of prospect theory positing that ...
This is where you will determine whether a bill is a one-time payment or recurring payment. Link payments to the bank account from which the funds will be removed to pay your bills. Set up text ...
Edward B. Titchener. Margaret Floy Washburn [1] (July 25, 1871 – October 29, 1939), was a leading American psychologist in the early 20th century, was best known for her experimental work in animal behavior and motor theory development. She was the first woman to be granted a PhD in psychology (1894); the second woman, after Mary Whiton ...
Cognitive revolution. The cognitive revolution was an intellectual movement that began in the 1950s as an interdisciplinary study of the mind and its processes, from which emerged a new field known as cognitive science. [1] The preexisting relevant fields were psychology, linguistics, computer science, anthropology, neuroscience, and philosophy ...