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Monetary Wisdom
Monetary Aspirations Impact Decision-Making
- 1st Edition - May 16, 2024
- Editor: Thomas Li-Ping Tang
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 4 3 - 1 5 4 5 3 - 9
- eBook ISBN:9 7 8 - 0 - 4 4 3 - 1 5 4 5 4 - 6
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… Read more
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Request a sales quoteGlobalization 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
Graduate students, researchers in the field of applied psychology, Industrial/organizational psychology, behavioral economics
- Cover image
- Title page
- Table of Contents
- Copyright
- Contributors
- Acknowledgment and Dedication
- Introduction Monetary wisdom: Crafting an inspirational, memorable, and practical theory and telling an interesting story
- Monetary Wisdom: A definition
- Connecting a rigorous scientific mind and a creative artistic brain
- Basic constructs
- The theoretical background of money and the meaning of money
- Behavioral economics and Monetary Wisdom
- Four types of measurement scales
- When money talks, everyone listens
- Measuring the attitude toward money
- Incorporate contextualization
- Becoming choice architects and ethical and moral decision-makers
- Developing an inspirational, memorable, and practical theory
- Time is money
- Neural ballet
- References
- Section A: Money, monetary values, and motivation
- Chapter 1 Money is power: The love of money and materialism among Czech university students
- Abstract
- Acknowledgments
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- Appendix A
- References
- Chapter 2 Are you satisfied with your pay when you compare? It depends on your love of money, pay comparison standards, and culture
- Abstract
- Introduction
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- References
- Section B: Monetary values, temptation, and dark consequences
- Chapter 3 Falling or not falling into temptation? Multiple faces of temptation, monetary wisdom, and unethical intentions across genders
- Abstract
- Acknowledgments
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- Appendix
- References
- Chapter 4 Temptation, monetary wisdom (the love of money attitudes), and environmental context on unethical intentions and cheating
- Abstract
- Acknowledgments
- Theory and hypotheses
- Discussion
- Conclusion
- Appendix
- References
- Chapter 5 Avaricious justice-seeking dishonesty—Aspiration, dissatisfaction, and low transparency incite cheating: The dark side of monetary decision-making
- Abstract
- Introduction
- Theory and hypotheses
- Methods
- Results
- Discussion
- Conclusion
- References
- Chapter 6 Theory of monetary wisdom: Money attitudes predict religious values, making money, making ethical decisions, and making the grade—Academic achievement
- Abstract
- Acknowledgments
- Theory and hypotheses
- Methods
- Results
- Discussion
- Conclusion
- Appendix
- References
- Chapter 7 Is the love of money the root of all evils? Income, the love of money, pay satisfaction, commitment, and unethical intentions among Hong Kong professionals
- Abstract
- Acknowledgments
- Theory and hypotheses
- Methods
- Results
- Discussion
- Appendix A Items of the love of money scale (LOMS)
- References
- Chapter 8 Intelligence vs. wisdom: Does ethics intervention enhance learning and virtue? Money, the love of money, Machiavellianism, and dishonesty across majors and genders
- Abstract
- Acknowledgments
- Theory and hypotheses
- Moderator
- Methods
- Discussion
- Conclusion
- Appendix
- References
- Chapter 9 Behavioral economics and Monetary Wisdom: The Enron Effect—Love of money, Corporate Ethical Values, Corruption Perceptions Index (CPI), and dishonesty across 31 geopolitical entities
- Abstract
- Acknowledgments
- Theory and hypotheses
- Methods
- Results
- Discussion
- Conclusion
- References
- Chapter 10 Behavioral economics and monetary wisdom: A cross-level analysis of monetary aspiration, pay (dis)satisfaction, risk perception, and corruption in 32 nations
- Abstract
- Introduction
- Theory and hypothesis
- Methods
- Results
- Discussion
- Conclusion
- References
- Section C: Leadership, creativity, and honesty
- Chapter 11 Do leader and member perceptions of the LMX excite member creativity? The mediating role of employee positive emotion
- Abstract
- Acknowledgment
- Theoretical background and hypotheses
- Methods
- Results
- Hypothesis testing
- Discussion
- Conclusion
- References
- Chapter 12 Love of Money and unethical behavior intentions: Do perceptions of Authentic Supervisors' Personal Integrity and Character (ASPIRE) make a difference?
- Abstract
- Acknowledgment
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- Appendix A
- References
- Chapter 13 Does moral leadership enhance employee creativity? Employee identification with the leader and leader-member exchange (LMX) as two mediators: Discovery from China’s emergent market
- Abstract
- Acknowledgment
- Introduction
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- Appendix
- References
- Chapter 14 Do victims of supervisor bullying suffer from poor creativity? Social cognitive and social comparison perspectives
- Abstract
- Acknowledgments
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- Compliance with Ethical Standards
- References
- Chapter 15 Do ethical leaders enhance employee ethical behaviors? Organizational justice and ethical climate as dual mediators and leader moral attentiveness as a moderator: Empirical support from Iraq’s emerging market
- Abstract
- Introduction
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- References
- Section D: Monetary Wisdom, well-being, global challenges, and implications
- Chapter 16 Does interpersonal justice enhance organizational loyalty? A theory of justice, organizational citizenship behavior, and individualism: Testimony from Kyrgyzstan
- Abstract
- Introduction
- Theory and hypotheses
- Methods
- Results
- Discussion
- Conclusion
- References
- Chapter 17 European airline cockpit and cabin crew well-being during the COVID-19 lockdown: Does union satisfaction have a buffering effect on mental health, organizational dehumanization, medication use, and job insecurity?
- Abstract
- Theory and hypotheses
- Method
- Results
- Discussion
- Appendix
- References
- Chapter 18 The Matthew Effect in Monetary Wisdom
- Abstract
- Acknowledgment
- Introduction
- The Matthew Effect in the Holy Bible
- What are the meanings of possessions/talents?
- The Matthew Effect in scientific research
- The Matthew Effect at the individual level
- The Matthew Effect at the corporate-industry level
- The Matthew Effect at the global level-CSR
- Agency theory
- Tournament theory
- Selected empirical studies on tournament theory
- Other management theories
- The Matthew Effect in monetary wisdom
- Implications
- Conclusion
- References
- Chapter 19 Detecting honest people’s lies in handwriting: The power of the Ten Commandments and internalized ethical values
- Abstract
- Graphology and handwriting analysis
- A theoretical model of communication and detecting lies
- The major principles of detecting lies
- A case study
- Conclusion
- References
- Chapter 20 Behavioral economics and Monetary Wisdom across 32 cultures: Good apples enjoy a good quality of life in good barrels
- Abstract
- Acknowledgments
- Introduction
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- References
- Chapter 21 Youth materialism and consumer ethics: Gen Z adolescents’ self-concepts (power and self-esteem) as dual mediators and culture (China vs. France) as a moderator
- Abstract
- Theory and hypotheses
- Method
- Results
- Discussion
- Conclusion
- References
- Chapter 22 Monetary wisdom’s practical implications—Does mindfulness excite ethical intentions via diminished avaricious monetary aspirations? Mindfulness training, timing, and practice
- Abstract
- Theory and hypotheses
- Method
- Results
- Discussion
- Limitations and future research
- Conclusion
- Appendix
- References
- Chapter 23 Consumer behavioral economics and monetary wisdom—A penny saved is a penny earned: Monetary intelligence and emotional intelligence impact financial decision-making
- Abstract
- Acknowledgments
- Introduction
- Theory and hypotheses
- Methods
- Results
- Discussion
- Conclusion
- Appendix A
- References
- Index
- No. of pages: 564
- Language: English
- Edition: 1
- Published: May 16, 2024
- Imprint: Academic Press
- Paperback ISBN: 9780443154539
- eBook ISBN: 9780443154546
TL
Thomas Li-Ping Tang
Thomas Li-Ping Tang (Ph.D., Case Western Reserve University) is currently Professor Emeritus of Management, at the Jennings A. Jones College of Business, Middle Tennessee State University (MTSU). He has presented 263 papers in 27 countries and published more than 220 articles/chapters in 6 languages, including 33 on the Financial Times’ Top 50 Journals list. Researchers have substantiated his monetary wisdom in more than 50 countries across six continents and cited him in Bloomberg, CNN, and Financial Times. Köseoglu, Yildiz, and Ciftci (2018) ranked him the 8th in the world for his contributions to business ethics (1960-2015). He has served on the editorial board of 15 journals and as an associate editor for 2. As a recipient of the Career Achievement Award (MTSU) and the Best Reviewer Awards (Emerald and the Academy of Management), he is a Fellow of the International Association of Applied Psychology.
Affiliations and expertise
Professor in the Management Department at the Jennings A. Jones College of Business, Middle Tennessee State University (MTSU).Read Monetary Wisdom on ScienceDirect