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Back Page: Driven From Distractions
Lotte van Dillen, of Leiden University, studies the role of affect in consumption, financial decision-making, and judgment, especially under trying circumstances.
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Teaching Current Directions in Psychological Science
“What to Do With Dirty Money?” by C. Nathan DeWall; “Human Strengths Amid the Challenges of Poverty” by David Myers
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What your spending habits say about who you are
Decisions on how you spend your money can signal key traits about your personality, according to a new study. People who tend to be neurotic typically spend less on mortgage payments than others, for instance.
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Your Spending Data May Reveal Aspects of Your Personality
Analyses of financial data from more than 2,000 people show that spending in certain categories signals personality traits.
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Social Class Determines Whether Buying Experiences or Things Makes You Happier
What is the best way to spend money to increase your happiness? A series of studies suggests that it may depend, in part, on how wealthy you are.
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Why the Most Important Idea in Behavioral Decision-Making Is a Fallacy
Loss aversion, the idea that losses are more psychologically impactful than gains, is widely considered the most important idea of behavioral decision-making and its sister field of behavioral economics. To illustrate the importance loss aversion