Psychology And The Economy

• How has psychological research influenced hospitals and schools?

  It has shaped their operations for efficiency
• What is a simple definition of the economy?

  Production and consumption of goods and services
• Why is a well-educated population important for the economy?

  They can be efficient employees
• What psychological techniques can influence consumer behavior?

  Techniques that manipulate desire to buy
• What are five examples of psychological research improving the economy?

  1. Maternal deprivation research
  2. Social influence nudge unit
  3. Conditioning in social media
  4. Role of neurotransmitters in drug treatments
  5. Cognitive interview in legal systems
• What did Rutter's research on Romanian orphans show?

  Lack of maternal affection harms development
• How have hospitals improved due to maternal deprivation research?

  Better advice on child rearing and visiting hours
• How does social influence improve tax collection?

  By encouraging conformity to pay taxes
• What is the role of operant conditioning in Facebook's design?

  It uses social rewards to engage users
• How does variable ratio reinforcement affect user behavior?

  It drives compulsive behavior through unpredictability
• What impact have neurotransmitter studies had on mental health treatments?

  They led to effective drug treatments
• How has research on eyewitness testimony improved the legal system?

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

  It saves 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