Learning Objectives:
 

LO 11-1: Discuss the historical, learning, and developmental aspects of money.

LO 11-2: Explain how and why behavioral economics works.

LO 11-3: Identify variables that influence individuals’ choices about buying and saving.

LO 11-4: Summarize scientific findings about money and happiness.

Learning Objective: 11-2

Hall, J. C. (2014). Homer economicus: The Simpsons and economics.
Description: This excellent and humorous book relates the main ideas of behavioral economics to episodes of The Simpsons.

Learning Objective: 11-3

Lindström, M. (2008). Buy ology: Truth and lies about why we buy. New York: Doubleday.
Description: This book examines factors and experiences that influence our buying behavior.

Articles that should be Available via Your Library

Learning Objective: 11-4

Whillans, A. V., Dunn, E. W., Sandstrom, G. M., Dickerson, S. S., & Madden, K. M. (2016). Is spending money on others good for your heart?. Health Psychology, 35(6), 574-583. doi:10.1037/hea0000332
Description: This research study found that spending money on others improves health in later adulthood.

Learning Objective: 11-4

Aknin, L. B., Barrington-Leigh, C. P., Dunn, E. W., Helliwell, J. F., Burns, J., Biswas-Diener, R., & ... Norton, M. I. (2013). Prosocial spending and well-being: Cross-cultural evidence for a psychological universal. Journal Of Personality And Social Psychology, 104(4), 635-652. doi:10.1037/a0031578
Description: This cross-cultural study found that spending money on others universally increases well-being.