Cognitive biases and behavioral economics theories: Why economists often fail to consider long-term environmental sustainability issues?
Long-Term Costs Underestimation Climate change is a growing concern nowadays, especially when our economy revolves around manufacturing and increasing demand for consumption post-industrial revolution. The effects of environmental damage can not be seen in days, but rather be experienced for upcoming decades. Since these effects are not visible to our naked eye in the short […]
Parental mental health issues vs the mental health of their children, particularly during adolescence.
Mental Connection: Parents vs Children Source: https://raisingchildren.net.au/newborns/connecting-communicating/bonding/parent-child-relationships Research has shown that a child’s mental health tends to be more stable when their parents are happy and satisfied in their marriage. This brings a sense of belonging and peace to the children. On the other hand, when parents experience emotional distress and anxiety, their kids can […]
How does social media use influence mental health outcomes such as anxiety, depression, and self-esteem among teenagers?
A byproduct of technological development Social media has become a part of everyone’s lives due to technological advancement in recent years. Various platforms have emerged, including TikTok, Instagram, YouTube, Facebook, etc. They offer individuals a place to express themselves and connect with friends globally. However, there is a cost to this convenience. The emergence of […]
Are consumption choices driven by social influences and peer behavior? The role of social media in buying habits
Where does it all originate from? Humans are social creatures and our decisions are mainly based on group reactions. Human nature has always been like that throughout the history of mankind, whether we make decisions to hunt or to determine where to live. It seems that society’s opinions matter and somewhat influence our own. And […]
How academic stress, high expectations, and competitive educational environments affect mental health outcomes
The underlying problem Students in today’s era are increasingly facing external pressure, not just from studying, but from social media comparison, and expectations from family, teachers, and society. This emerges both from the intensity of the school’s academic curriculum and the high standards set by their relatives and the surrounding community. To these youngsters, it […]
Is Green GDP the determinant for sustainable economic growth? A brief analysis of the metric’s pros and cons and potential usage.
What does Green GDP mean? Throughout history, a country’s economic growth has been mainly measured by Gross Domestic Product (GDP), which is the sum of a nation’s consumptions, investments, net exports and imports, and government spending. Later on, economists developed other metrics for evaluating growth, including GDP per capita and Gross National Income (GNI). Recently, […]
How psychology unfolds the effectiveness of loyalty programs and their influence on repeat purchases
Loyalty programs are on the rise. Loyalty programs are one of the key strategies that most companies use. It is a way for them to retain customers and some of the market shares in the industry, by providing discounts or exclusive offers to the clients to remain shopping at the brand. Why are these customers […]
Are economic gains of wars imaginary? A thorough evaluation of psychological drivers of national leaders in pursuing conflict
Wars and their consequences Committing a war is often the result of conflict on the national level. The decision to declare war relies mostly on the approval of the “Congress” or “Parliament”, depending on the regime of the home country. Evidence has shown that wars cause immense casualties among civilians, and destroy buildings and infrastructure, […]
Economic Recovery in Post-War Societies: How nations recover economically after wars. And how they rebuild infrastructure, revitalize job markets, and utilize international aid.
How wars affect the economy War has happened throughout human history and is always devastating. Recovering from war is not only rebuilding physical infrastructure but also restoring social order and political facilities. War destruction also affects the economy, particularly damaging streets, buildings, traffic, and sewage systems. Wars also disrupted the job markets, causing mass unemployment, […]
How brand loyalty is affected by sustainability practices and its implications on market dynamics
Climate change vs consumer expectations Source: https://www.tehrantimes.com/news/475265/The-key-role-of-nature-based-solutions-in-adapting-to-climate Environmental degradation has recently become one of the most concerning challenges that humans face, due to pollution and emissions from manufacturers and factories deriving from the growing demand for consumerism. Therefore, customers advocate and place more emphasis on protecting the environment. This means that consumers will prioritize brands […]