Monetary Wisdom

Globalization creates economic prosperity for citizens around the world. It changes people’s deep-rooted attitudes, values, and behavioral patterns. Editor Thomas Li-Ping Tang is the first to scientifically capture the meaning of money and coin the contemporary love of money construct. Ardent monetary aspirations involve affective, behavioral, and cognitive subconstructs. Monetary Wisdom: Monetary Aspirations Impact Decision-Making bridges the gaps between behavioral economics, business ethics, decision-making, and the psychology of money. It compiles research from world-renowned experts in 37 countries across 6 continents. This book presents an excellent collection of innovative and multicultural views. Monetary Wisdom investigates how individuals apply monetary aspirations as a lens, frame critical concerns at the proximal and omnibus contexts, and maximize expected utility and ultimate serenity at the individual, organizational, and global levels. The books’ practical implications help readers apply and enjoy these discoveries’ benefits.

• Inspires readers to learn one of the world’s most often used money attitude measures
• Notices that, in modern societies, money is power at the individual level
• Suggests that monetary aspirations (not money itself) predict cheating
• Profiles that reducing stress curbs dishonesty directly and indirectly
• Illustrates that leaders promote employees’ honesty and creativity
• Reveals how corruption expands prospect theory to a global level
• Explores the contexts to achieve balanced aspirations and serenity