Psychology and the economy

• How has psychological research impacted the economy?

  It has improved how hospitals, schools, and businesses operate.
• What is a simple definition of the economy?

  The production and consumption of goods and services.
• Why is a well-educated and healthy population important for the economy?

  They can be efficient employees.
• What is one way to encourage a population to consume more goods and services?

  Make people want to buy those goods and services.
• How can psychological research help improve tax collection?

  By using social influence to encourage compliance.
• What are five examples of how psychological research has improved the economy?

  1. Maternal deprivation research leading to better child-rearing advice.
  2. Social influence research improving tax collection and recycling.
  3. Conditioning theories applied by companies like Facebook.
  4. Neurotransmitter research leading to effective drug treatments.
  5. Eyewitness testimony research improving legal processes.
• What did Rutter's research on Romanian orphans demonstrate?

  A lack of early maternal affection can negatively affect development.
• How have hospitals improved visiting hours for unwell children?

  By prioritizing maternal contact in the first hours of life.
• How has social influence research been applied by governments?

  To improve tax collection and increase charitable giving.
• What behavioral theory has Facebook used to keep users engaged?

  Skinner's operant conditioning through social rewards.
• What is variable ratio reinforcement and how is it used?

  It provides rewards unpredictably to drive compulsive behavior.
• What role do neurotransmitters play in mental health treatments?

  They are targeted by drug treatments to reduce symptoms.
• How has research on eyewitness testimony improved the legal system?

  It has led to more careful use of eyewitness evidence in court.
• Why is improving the criminal justice system beneficial for the economy?

  It saves the government money in the long run.
• What are some other areas where psychological research has improved society?

  • Physical health
  • Relationships
  • Advertising
  • Human resources
  • Productivity
  • Educational techniques
• What is the significance of understanding the wider implications of psychological theories?

  It shows a deeper understanding of human psychology.
• What resources are available for patrons on psycboost.com?

  Bonus resources, tutorial videos, and a Discord channel.
• Who supports psycboost on Patreon?

  Students and teachers.
• What is the purpose of the tutorial videos on psycboost.com?

  To provide worked examples and exam tips.
• What is the focus of the next research methods video mentioned?

  Reliability.