subject area
university status  
Cracow, Poland

Investment psychology

Language: English Studies in English
Subject area: economy and administration
University website: www.wse.krakow.pl/en/
Investment
In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development. However, this article focuses specifically on investment in financial assets.
Psychology
Psychology is the science of behavior and mind, including conscious and unconscious phenomena, as well as feeling and thought. It is an academic discipline of immense scope and diverse interests that, when taken together, seek an understanding of the emergent properties of brains, and all the variety of epiphenomena they manifest. As a social science it aims to understand individuals and groups by establishing general principles and researching specific cases.
Psychology
One of the symptoms of an approaching nervous breakdown is the belief that one’s work is terribly important.
Bertrand Russell in: The Conquest of Happiness, Routledge, 12 October 2012, p. 48
Psychology
[Modern psychology] appears as the sickly offspring of average common sense when it is taken as what it professes to be—a science of the inner life. The entire achievements of the so-called science in this respect is outweighed by a single page of Goethe’s or of Jean Paul’s psychology; and it is impossible to evade the bitter truth which Novalis already has summed up, when he says that so-called psychology is one of those idols which have usurped the place in the sanctuary where true images of the gods should stand.
Ludwig Klages, The Science of Character, W. Johnston, trans., p. 16
Investment
With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.
Jim Stanford (2008) Economics For Everyone Part 2, Chapter 7, Companies, Owners, and Profit, p. 91.
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