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- Mental_accounting abstract "A concept first named by Richard Thaler, mental accounting (or psychological accounting) attempts to describe the process whereby people code, categorize and evaluate economic outcomes. People may have multiple mental accounts for the same kind of resource. A person may use different monthly budgets for grocery shopping and eating out at restaurants, for example, and constrain one kind of purchase when its budget has run out while not constraining the other kind of purchase, even though both expenditures draw on the same fungible resource (income). Similarly, supermarket shoppers spend less money at the market when paying with cash than with their debit cards (and credit cards), even though both cash and debit cards draw on the same economic resource.One detailed application of mental accounting, the behavioral life cycle hypothesis (Shefrin & Thaler 1988), posits that people mentally frame assets as belonging to either current income, current wealth or future income and this has implications for their behavior as the accounts are largely non-fungible and marginal propensity to consume out of each account is different.".
- Mental_accounting wikiPageID "1024314".
- Mental_accounting wikiPageLength "8302".
- Mental_accounting wikiPageOutDegree "22".
- Mental_accounting wikiPageRevisionID "702736557".
- Mental_accounting wikiPageWikiLink Behavioral_economics.
- Mental_accounting wikiPageWikiLink Behavioral_life_cycle_hypothesis.
- Mental_accounting wikiPageWikiLink Category:Behavioral_finance.
- Mental_accounting wikiPageWikiLink Category:Decision_theory.
- Mental_accounting wikiPageWikiLink Category:Microeconomics.
- Mental_accounting wikiPageWikiLink Cognitive_bias.
- Mental_accounting wikiPageWikiLink Decision-making.
- Mental_accounting wikiPageWikiLink Economy.
- Mental_accounting wikiPageWikiLink Framing_effect_(psychology).
- Mental_accounting wikiPageWikiLink List_of_fallacies.
- Mental_accounting wikiPageWikiLink Marginal_propensity_to_consume.
- Mental_accounting wikiPageWikiLink Micropayment.
- Mental_accounting wikiPageWikiLink Modified_utility_function.
- Mental_accounting wikiPageWikiLink Preference.
- Mental_accounting wikiPageWikiLink Prospect_theory.
- Mental_accounting wikiPageWikiLink Psychological_pricing.
- Mental_accounting wikiPageWikiLink Richard_Thaler.
- Mental_accounting wikiPageWikiLink Transaction_cost.
- Mental_accounting wikiPageWikiLink Utility.
- Mental_accounting wikiPageWikiLink Value_(economics).
- Mental_accounting wikiPageWikiLink Value_function_(prospect_theory).
- Mental_accounting wikiPageWikiLinkText "Mental Accounting".
- Mental_accounting wikiPageWikiLinkText "Mental accounting".
- Mental_accounting wikiPageWikiLinkText "mental accounting".
- Mental_accounting wikiPageWikiLinkText "mental accounts".
- Mental_accounting wikiPageUsesTemplate Template:Cite_journal.
- Mental_accounting wikiPageUsesTemplate Template:Harv.
- Mental_accounting wikiPageUsesTemplate Template:No_footnotes.
- Mental_accounting wikiPageUsesTemplate Template:Refbegin.
- Mental_accounting wikiPageUsesTemplate Template:Refend.
- Mental_accounting subject Category:Behavioral_finance.
- Mental_accounting subject Category:Decision_theory.
- Mental_accounting subject Category:Microeconomics.
- Mental_accounting type Field.
- Mental_accounting type Microeconomic.
- Mental_accounting comment "A concept first named by Richard Thaler, mental accounting (or psychological accounting) attempts to describe the process whereby people code, categorize and evaluate economic outcomes. People may have multiple mental accounts for the same kind of resource.".
- Mental_accounting label "Mental accounting".
- Mental_accounting sameAs Q1107958.
- Mental_accounting sameAs Mentale_Buchführung.
- Mental_accounting sameAs Comptabilité_mentale.
- Mental_accounting sameAs חשבונאות_נפשית.
- Mental_accounting sameAs Mental_accounting.
- Mental_accounting sameAs m.03_7p2.
- Mental_accounting sameAs Ментальна_звітність.
- Mental_accounting sameAs Q1107958.
- Mental_accounting wasDerivedFrom Mental_accounting?oldid=702736557.
- Mental_accounting isPrimaryTopicOf Mental_accounting.