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Aug 21, 2023 · What it is: Psychological capital is a collection of four healthy psychological states that enhance well-being and performance—hope, efficacy, resilience, and optimism. Together, the four states contribute more than the sum of their parts. In the workplace, individual employees can build psychological capital to enhance their personal ...
Mar 6, 2022 · The negative impact of behavioral biases in investment management can go in one of two directions: investors either keep a losing position too long, or they sell a well-performing stock too soon. But losses can also manifest in a different manner.
This introductory chapter provides the meaning and overview of psychological capital or PsyCap. After first providing the current perspective and need for PsyCap, attention is given to the contributions of positive psychology, positive organizational scholarship (POS), and positive organizational behavior (POB).
- Investing in People – A Source of Competitive Advantage
- A Concept For All Life Domains
- Definition and Measurement of Psychological Capital
- Application of PsyCap in Leadership and Coaching
- PsyCap Greater Than Its Parts
- A Take-Home Message
The concept of Psychological Capital (PsyCap) was originally designed for organizations. Pioneer Fred Luthans suggested that growth in organizations needs to focus on psychological rather than educational development. He argued that human resources can serve as a competitive advantage as they are more inimitable by competitors than physical, struct...
Under the umbrella of positive organizational behavior (POB), the “study and application of positively oriented human resource strengths and psychological capacities”, Luthans developed the concept of Psychological Capital (PsyCap) as a source of competitive advantage. In line with this idea, many studies have since confirmed that high levels of Ps...
Psychological Capital is defined as “an individual’s positive psychological state of development” (Fred Luthans, et al., 2007) which is characterized by having high levels of HERO; the four elements of Hope, (Self-)Efficacy, Resilience, and Optimism. The concept of PsyCap has become even more relevant with recent findings in the area of neuroplasti...
As Shawn Achor (2011) claims, we are successful when we are happy, not the other way around. So if we are more hopeful, efficacious, resilient and optimistic, we are more likely to “weather the storm” in a dynamic organizational or a challenging personal environment. Hence, the concept of Psychological Capital is equally important for coaches and l...
The concept of Psychological Capital is made up of the four elements of Hope, Efficacy, Resilience, and Optimism, with the commonality of appreciation and the positive appraisal of events. Developing one resource tends to boost the other ones as well. While there is a lot to be said for every one of the components, the concept of Psycap is greater ...
The concept of Psychological Capital is strongly linked to increased wellbeing, work, and life satisfaction. Developing even one the four areas of hope, efficacy, resilience, and optimism in employees and coachees has a positive effect on the other elements. Many of the tools in positive psychology are based on appreciation and are closely linked t...
Feb 15, 2024 · It refers to the mental and emotional factors that influence an investor's decision-making process when it comes to buying, holding, or selling investments. This includes a range of cognitive biases and emotions that can impact an investor's perceptions, attitudes, and behaviors.
- Investor psychology is the study of the emotional and cognitive factors that influence the decision-making process of investors. It refers to the m...
- Cognitive biases are systematic errors in thinking that can affect investors' judgment and decision-making. These biases often lead to irrational i...
- Greed, fear, regret aversion, overreaction, and underreaction are some emotional factors that can affect investment decisions.
- Investors can use several strategies to manage their investor psychology, such as diversification, a long-term investment approach, using professio...
- Investor psychology affects individual investors and contributes to broader market behavior, including market anomalies, bubbles, and crashes. Unde...
Jul 24, 2018 · Positive psychological capital (PsyCap) is an individual’s positive psychological state of development that is characterized by: (1) having confidence (efficacy) to take on and put in the necessary effort to succeed at challenging tasks; (2) making a positive attribution (optimism) about succeeding now and in the future; (3) persevering ...
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Aug 22, 2011 · This chapter summarizes the theory-building and research findings to date on positive organizational behavior (POB) and psychological capital (PsyCap). The chapter then concludes by featuring a number of future directions for needed research and extensions of the domain of psychological capital.
