The Boston Globe: SUPPORTERS OF Bernie Sanders and Donald Trump are seemingly concerned with economic insecurity (whether caused by Wall Street, trade, or immigration). But if new research is correct, then you should be nice to them, since they’re probably in more pain, too. In a series of experiments, people More
People who feel that their financial outlook is shaky may actually experience more physical pain than those who feel financially secure, a psychological study suggests. More
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 this situation: You’re shopping for headphones. An electronics store has the model you want for More
The Wall Street Journal: In luxury real estate, love is cheap and sex sells. An analysis of roughly 1.6 million home listings found that lower-priced homes were most likely to have the word “love” in property descriptions, while homes priced in the millions of dollars were most likely to have More
Over 100 million viewers tune in for the NFL’s championship Super Bowl game and musical Halftime Show. Historically, the NFL foots the bill for the musical entertainment; but in 2015 the NFL proposed that top talent like Katy Perry and Coldplay should instead pay them millions of dollars for the More
PBS: Kristen Doerer: How does being poor affect people’s financial decisions? What factors affect their decision making? Dan Ariely: Well, none of us always make the best financial decisions. One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we’re More
