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The Simple Mind Trick That Will Boost Your Savings in No Time
TIME: Human nature being what it is, probably the best strategy to ensure you’ll sock money away and achieve long-term savings goals is to involve your fickle, easily distracted brain as little as possible. As renowned economist Richard Thaler explained in a recent Q&A with MONEY, it’s very difficult for humans to control our impulses, and therefore the wisest approach to saving is to remove it as a choice. Invariably in our lives, stuff comes up, and if it’s an option, we’ll find more pressing and seemingly good uses for money other than incrementally trying to hit goals that won’t be realities for decades.
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Royal Baby Name ‘Charlotte’ Makes Top 10 List
Live Science: For the second year in a row, more parents have donned their boys with the name Noah than any other name, the Social Security Administration announced this morning (May 8). And Emma knocked Sophia from its pedestal as the most popular baby name for girls. Emma had been the second-most popular baby girl name the past two years. Noah was followed by Liam, and Emma by Olivia, for the second-most popular baby names of 2014. Read the whole story: Live Science
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Is Gender Identity Biologically Hard-wired?
PBS: JUDY WOODRUFF: Now another installment in our series Transgender in America. A small number of children as young as 3 are beginning to understand their gender identity as something different from what they were assumed to be at birth. NewsHour special correspondent Jackie Judd has our story of doctors and families living through these discoveries. JACKIE JUDD: Eight-year-old Skyler Kelly is hoping for a career in the Major Leagues and enjoys the privileges of being big brother to 4-year-old Luke. It is not how life started for Skyler. Read the whole story: PBS
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New Research From Psychological Science
Read about the latest research published in Psychological Science: Not So Innocent: Toddlers' Inferences About Costs and Culpability Julian Jara-Ettinger, Joshua B. Tenenbaum, and Laura E. Schulz How do perceptions of competence and motivation influence children's social evaluations of others? Children watched two puppets push a button on a toy. When the button was pushed, the toy played music. One puppet correctly pushed the button on the first try; the other puppet correctly pushed the button only after several unsuccessful attempts. When asked, both puppets refused to help the child's accompanying parent push the button.
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The Seduction of a Sunny Day: How Weather Biases Car Buying Behavior
An analysis of 40 million car sales reveals the weather on the day of purchase can bias buyers towards choosing a car they may later regret.
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The Mechanics of Preventing Procrastination
The Atlantic: Procrastination is, in essence, stealing from yourself. The reason goals are so hard to reach, many psychologists think, is because each person believes they are really two people: Present Me and Future Me. And to most people, Future Me is much less important than Present Me. Present Me is the CEO of Me Corp, while Future Me is a lowly clerk. “Instead of delaying gratification,” people “act as if they prefer their current self’s needs and desires to those of their future self,” write psychologists Neil Lewis of the University of Michigan and Daphna Oyserman of the University of Southern California in a new study in Psychological Science.
