Peter Caprariello’s research intersects money and close interpersonal relationships. Specifically, he is currently researching how specifying the relationship context of life experiences versus material possessions affords a more complete understanding of how money can be spent in pursuit of happiness. His dissertation tested whether or not activating self-centered or other-centered motives for spending money on others influences happiness. More broadly, little is known about how relationships influence consumer behavior. He believes that we can develop and extend basic consumer science by better understanding the natural context in which money fundamentally alters, and is altered by, relevant relationship processes. One of his professional goals is to advance research in that broad area.
Center for Behavioral Finance launches website: The Center for Behavioral Finance at Stony Brook University brings together researchers from different disciplines to conduct research in behavioral finance. We aim at producing cutting-edge research in all fields of behavioral finance and (financial) decision making, mostly using experiments, publishable in top-tier journals in finance, judgment and decision making and psychology.