Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.

This paper explores two inter-related themes. One addresses fundamental questions of human nature, arguing that conventional theories of behaviour lack a credible appreciation of the interaction between cognition and context (or what is often termed as the 'environment'). The second consid...

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Main Author: Clark, G
Format: Journal article
Language:English
Published: Blackwell Publishing (on behalf of the Swedish Society for Anthropology and Geography) 2010
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author Clark, G
author_facet Clark, G
author_sort Clark, G
collection OXFORD
description This paper explores two inter-related themes. One addresses fundamental questions of human nature, arguing that conventional theories of behaviour lack a credible appreciation of the interaction between cognition and context (or what is often termed as the 'environment'). The second considers decision-making under risk and uncertainty, focusing upon customary behaviour and the significance or otherwise of conscious deliberation. My argument is intended to be both critical and constructive, exploring the claims of the emerging school of behaviouralism associated with Kahneman and Tversky now sweeping the social sciences. Most importantly, it is argued that economic geography should take more seriously the nature and scope of behaviour recognising its attributes including related social and cultural aspirations. These ideas are illustrated by a set of recent studies dealing with financial decision-making and individuals' attitudes towards risk in personal and occupational pension plans. The importance of this project lies in the urgent need to understand the diversity of behaviour of men and women in, and through, the communities in which they live without being reduced to yet another version of environmental determinism. In conclusion, implications are drawn for understanding the global financial crisis.
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spelling oxford-uuid:827de4bc-cdf6-4ba9-8d04-53d10e9ab21b2022-03-26T21:37:48ZHuman Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:827de4bc-cdf6-4ba9-8d04-53d10e9ab21bEnglishDepartment of Economics - ePrintsBlackwell Publishing (on behalf of the Swedish Society for Anthropology and Geography)2010Clark, GThis paper explores two inter-related themes. One addresses fundamental questions of human nature, arguing that conventional theories of behaviour lack a credible appreciation of the interaction between cognition and context (or what is often termed as the 'environment'). The second considers decision-making under risk and uncertainty, focusing upon customary behaviour and the significance or otherwise of conscious deliberation. My argument is intended to be both critical and constructive, exploring the claims of the emerging school of behaviouralism associated with Kahneman and Tversky now sweeping the social sciences. Most importantly, it is argued that economic geography should take more seriously the nature and scope of behaviour recognising its attributes including related social and cultural aspirations. These ideas are illustrated by a set of recent studies dealing with financial decision-making and individuals' attitudes towards risk in personal and occupational pension plans. The importance of this project lies in the urgent need to understand the diversity of behaviour of men and women in, and through, the communities in which they live without being reduced to yet another version of environmental determinism. In conclusion, implications are drawn for understanding the global financial crisis.
spellingShingle Clark, G
Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title_full Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title_fullStr Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title_full_unstemmed Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title_short Human Nature, the Environment, and Behaviour: Explaining the scope and geographical scale of financial decision-making.
title_sort human nature the environment and behaviour explaining the scope and geographical scale of financial decision making
work_keys_str_mv AT clarkg humannaturetheenvironmentandbehaviourexplainingthescopeandgeographicalscaleoffinancialdecisionmaking