Volume 29, Issue 2
DOI: 10.24205/03276716.2020.224
MULTI-FACTOR CHECK-AND-BALANCE MECHANISM OF THE SPREAD OF URBAN FINANCIAL EMERGENCIES AND PUBLIC PSYCHOLOGICAL ACCEPTANCE
Abstract
The public tends to have psychological stress and herd mentality in the face of financial emergencies. This is not conducive to check and balance the spread of financial emergencies. This paper analyzes the process of the spread of urban financial emergencies, explores the psychological changes and stress response factors of the public, and then puts forward a multi-factor check-and-balance mechanism against the spread of urban financial emergencies. The results show that, in financial emergencies, the public has different levels of psychological acceptance, due to the difference in benefits and losses, personal traits, psychological characteristics, behavioral tendencies, temperament and personalities; males, young people and the well-educated have relatively high psychological acceptance, and thus a strong ability to check and balance the spread of financial emergencies. The research lays the theoretical basis for the psychological aids of the public under financial emergencies.
Keywords
Financial Emergencies, Public Psychology, Psychological Stress, Herd Mentality, Psychological Acceptance.