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Table of Contents
Intro
Preface
Acknowledgements
Contents
About the Editors
About the Contributors
Chapter 1: Exploring the Emerging Field of Financial Therapy
1.1 Introduction
1.2 The Sociology of Psychotherapy
1.3 The Elephant on the Couch
1.4 The Benefits of Psychotherapy
1.5 Is Financial Therapy Psychotherapy?
1.6 Financial Well-Being and Mental Well-Being
1.7 Financial Capacity Building
1.8 The Changing Role of Financial Planners
1.8.1 The Financial Planning Body of Knowledge
1.9 Considerations for the Practice of Financial Therapy
1.9.1 Social Inequalities
1.9.2 Ethical and Legal Considerations for Financial Therapy
1.9.3 The Financial Therapy Association Standards of Practice and Codes of Ethics
1.10 Conclusion
References
Chapter 2: The Brain and Financial Decision-Making
2.1 Introduction
2.2 A Brief History of Neuroeconomics
2.3 The Triune Brain
2.3.1 Reward
2.3.2 Loss Avoidance
2.3.3 Neuroimaging
2.4 Nature over Nurture: The Role of Genetics
2.4.1 Genetics and Biases
2.5 Nature over Nurture: The Role of Personality
2.6 Decision-Making Frameworks
2.6.1 The Dual-Self, 'Elephant' and 'Rider' Decision-Making Framework
2.6.1.1 The Rider
2.6.1.2 The Elephant
2.7 An Integrated Model of Financial Decision-Making
2.8 Conclusion
References
Chapter 3: Practical Application of Neuroeconomics in Financial Planning
3.1 Introduction
3.2 Moving from Theory to Practice
3.3 The Importance of Psychology
3.4 Integrating Neurobiology into Financial Planning
3.4.1 The Brain
3.4.2 The Mind
3.4.3 Interpersonal Relationships
3.5 Implications of Neurofinance and Neuroeconomic Research for Practitioners
3.6 A Cautionary Note on 'Noise' and Investment Advice in South Africa
3.7 Decision Prosthetics in the New Age of Financial Planning
3.8 Conclusion
References
Chapter 4: Models, Resources and Tools Employed in Financial Therapy
4.1 Introduction
4.1.1 Money Scripts
4.1.1.1 Money Avoidance
4.1.1.2 Money Worship
4.1.1.3 Money Status
4.1.1.4 Money Vigilance
4.1.2 Money Disorders
4.1.2.1 Gambling Disorder
4.1.2.2 Compulsive Buying Disorder
4.1.2.3 Workaholism
4.1.2.4 Financial Denial
4.1.2.5 Hoarding Disorder
4.1.2.6 Financial Enabling
4.1.2.7 Financial Dependence
4.1.2.8 Financial Enmeshment
4.1.2.9 Financial Infidelity
4.2 Models in Financial Therapy
4.2.1 Cognitive Behavioural Financial Therapy (CBFT)
4.2.2 Experiential Financial Therapy
4.2.3 Systemic Financial Therapy
4.2.4 Relational Financial Therapy
4.2.5 Narrative Financial Therapy
4.2.6 Ford Financial Empowerment Model
4.2.7 Stopping Overshopping Model
4.2.8 Acceptance and Commitment Financial Therapy for Women
4.2.9 Feminist Financial Therapy
4.2.10 Financial Therapy from a Self-Psychological Perspective
Preface
Acknowledgements
Contents
About the Editors
About the Contributors
Chapter 1: Exploring the Emerging Field of Financial Therapy
1.1 Introduction
1.2 The Sociology of Psychotherapy
1.3 The Elephant on the Couch
1.4 The Benefits of Psychotherapy
1.5 Is Financial Therapy Psychotherapy?
1.6 Financial Well-Being and Mental Well-Being
1.7 Financial Capacity Building
1.8 The Changing Role of Financial Planners
1.8.1 The Financial Planning Body of Knowledge
1.9 Considerations for the Practice of Financial Therapy
1.9.1 Social Inequalities
1.9.2 Ethical and Legal Considerations for Financial Therapy
1.9.3 The Financial Therapy Association Standards of Practice and Codes of Ethics
1.10 Conclusion
References
Chapter 2: The Brain and Financial Decision-Making
2.1 Introduction
2.2 A Brief History of Neuroeconomics
2.3 The Triune Brain
2.3.1 Reward
2.3.2 Loss Avoidance
2.3.3 Neuroimaging
2.4 Nature over Nurture: The Role of Genetics
2.4.1 Genetics and Biases
2.5 Nature over Nurture: The Role of Personality
2.6 Decision-Making Frameworks
2.6.1 The Dual-Self, 'Elephant' and 'Rider' Decision-Making Framework
2.6.1.1 The Rider
2.6.1.2 The Elephant
2.7 An Integrated Model of Financial Decision-Making
2.8 Conclusion
References
Chapter 3: Practical Application of Neuroeconomics in Financial Planning
3.1 Introduction
3.2 Moving from Theory to Practice
3.3 The Importance of Psychology
3.4 Integrating Neurobiology into Financial Planning
3.4.1 The Brain
3.4.2 The Mind
3.4.3 Interpersonal Relationships
3.5 Implications of Neurofinance and Neuroeconomic Research for Practitioners
3.6 A Cautionary Note on 'Noise' and Investment Advice in South Africa
3.7 Decision Prosthetics in the New Age of Financial Planning
3.8 Conclusion
References
Chapter 4: Models, Resources and Tools Employed in Financial Therapy
4.1 Introduction
4.1.1 Money Scripts
4.1.1.1 Money Avoidance
4.1.1.2 Money Worship
4.1.1.3 Money Status
4.1.1.4 Money Vigilance
4.1.2 Money Disorders
4.1.2.1 Gambling Disorder
4.1.2.2 Compulsive Buying Disorder
4.1.2.3 Workaholism
4.1.2.4 Financial Denial
4.1.2.5 Hoarding Disorder
4.1.2.6 Financial Enabling
4.1.2.7 Financial Dependence
4.1.2.8 Financial Enmeshment
4.1.2.9 Financial Infidelity
4.2 Models in Financial Therapy
4.2.1 Cognitive Behavioural Financial Therapy (CBFT)
4.2.2 Experiential Financial Therapy
4.2.3 Systemic Financial Therapy
4.2.4 Relational Financial Therapy
4.2.5 Narrative Financial Therapy
4.2.6 Ford Financial Empowerment Model
4.2.7 Stopping Overshopping Model
4.2.8 Acceptance and Commitment Financial Therapy for Women
4.2.9 Feminist Financial Therapy
4.2.10 Financial Therapy from a Self-Psychological Perspective