Personality, Relationships, and Decision Making with Relational Dynamics: Personality and Relational Dynamics

Economics And The Psychology Of Decision Making

Economics has attempted to predict the ebb and flow of resources and human interaction with the market of supply and demand. Psychology has attempted to understand human behavior and predict patterns of behavior that appear to be advantageous to society (non-pathologic) and non-advantageous (pathologic). Just as markets change in the world’s economy, what is considered pathology changes within psychology in response to the normative view in a particular setting (e.g. culture) or time period (e.g. Victorian Era). An effort has been made since the conception of both disciplines to discover “the model” for prediction, yet in reality, models created for dynamic forces require fluidity rather than a fixed equation. The difficulty with prediction and a “moving target” is that the model must also be able to adapt to fluxions (Hubbard & Kane, 2013). Chaos Theory is a related model that attempts to understand the immediate and long term effects created by a single event or variable on others, or a combination of multiple events and how they transform into something greater than conventional addition (Gleick, 1987).