What's money worth? Determinants of the subjective value of money
Article Abstract:
Magnitude production methods and the LISREL model are used to determine the possibility of replicating the validity of Stevens' power function and to examine the determinants which influence the subjective value of money. The results of magnitude production do not support the validity of Stevens' power function for money utility scaling. The LISREL model indicates that the subjective value of money is dependent on monthly net income and on attitudes toward money.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1996
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Money adventure: introducing economic concept in preschool children in South African context
Article Abstract:
A study assessing the efficacy of a program meant to improve the economic concepts such as money, income, expenses and savings amongst South Arica's preschool children is presented.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2005
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Subjective economic well-being in Eastern Europe
Article Abstract:
The author determines several ways to define economic well being, and determines that these indicators may not be accurate in early stages of development.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 2003
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