The Psychology of Cryptocurrency and The Digital Economy
Year: 2024
Type: article
Abstract: Cryptocurrencies and digital economy have attracted great attention in recent years and are among the rapidly developing areas. This article examines the psychological effects of cryptocurrencies and the profound effects of the digital economy on human psychology. It is discussed how the volatility of cryptocurrencies affects investors' risk perception and decision-making processes. Additionally, the effects of features of the digital economy, such as anonymity and security, on individuals' financial behavior and emotional well-being are discussed. The article discusses how the disciplines of psychology and economics have been integrated to understand these issues and potential directions for future research. In conclusion, understanding the psychological dimensions of cryptocurrency and the digital economy represents an important area in both academic and applied studies, and this article aims to contribute to the expansion of the literature in this field. Keywords: Cryptocurrency, digital economy, psychological effects, financial decisions, risk perception, emotional well-being, anonymity, security, investment psychology, volatility, technology acceptance.
Author: SIRAKAYA, Yeşim, Assoc. Prof.
Institution: St Clements University Higher Education School
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6949485848
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