science

Journal of Economic Psychology

Journal of Economic Psychology is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Journal of Economic Psychology rather than just read about it. In short: The Journal of Economic Psychology is a bimonthly peer-reviewed academic journal covering behavioral economics. It was founded by Willem Frederik (Fred) van Raaij in 1981 and is published by Elsevier on behalf of the International Association for Research in Economic Psychology, of which it is the official journal.

Key takeaways

Journal of Economic Psychology belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Journal of Economic Psychology to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Journal of Economic Psychology from memory before moving on to harder problems.

Reference excerpt

The Journal of Economic Psychology is a bimonthly peer-reviewed academic journal covering behavioral economics. It was founded by Willem Frederik (Fred) van Raaij in 1981 and is published by Elsevier on behalf of the International Association for Research in Economic Psychology, of which it is the official journal. The editors-in-chief are Carlos Alós-Ferrer (University of Zurich) and Eldad Yechiam (Technion - Israel Institute of Technology). According to the Journal Citation Reports, the journal has a 2022 impact factor of 3.5.

References

External links Official website

Worked examples

Example 1 — a first encounter with Journal of Economic Psychology

Start with the simplest possible case. Write down what Journal of Economic Psychology claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Journal of Economic Psychology before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Journal of Economic Psychology ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Journal of Economic Psychology

In research: Journal of Economic Psychology appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Journal of Economic Psychology in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Journal of Economic Psychology is common in secondary-school and first-year university syllabi. It links to neighbouring topics Academic journals associated with international learned and professional societies, Academic journals established in 1981, Behavioral economics, so understanding it makes those chapters shorter.
In everyday life: Look for Journal of Economic Psychology outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Journal of Economic Psychology in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Journal of Economic Psychology means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Journal of Economic Psychology out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Journal of Economic Psychology in simple terms?

Why does Journal of Economic Psychology matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Journal of Economic Psychology?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Journal of Economic Psychology.