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Don’t Delay! Impatient People are Also the Worst Procrastinators
Across a series of experiments, impatient people were more likely to put things off – even when it meant a financial penalty.
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Why We Think We’re Better Investors Than We Are
The New York Times: From their earliest days, the loosely confederated research efforts that came to be known as behavioral economics spawned a large quantity of studies centered on securities investment. This was not because
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Handling Money Appears to Sway Helpfulness
The cold touch of a nickel may be enough to keep people from helping each other, new research suggests. In a new set of experiments in Poland, a team of researchers found that priming children
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The Kryptonite of Smart Decisions? Overconfidence
Research shows that people in general are overconfident, but entrepreneurs appear to be particularly prone to cockiness. About half of new companies fail within five years, according to the US Bureau of Labor Statistics. Despite
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The Rich Can Learn From the Poor About How to Be Frugal
The New York Times: I try to be frugal. But my instincts as a consumer are mistaken. Behavioral economics suggests that I’m often frugal in the wrong way and that you may be, too. Consider
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How Winning Leads to Cheating
Scientific American: We live, for better or for worse, in a competition-driven world. Rivalry powers our economy, sparks technological innovation and encourages academic discovery. But it also compels people to manipulate the system and commit
