Financial Decision Making

Extraverted Populations Have Lower Savings Rates

Particular personality traits may have a powerful influence on a country’s economic outlook, according to new research. Across three studies, University of Toronto psychological scientist Jacob Hirsh found that populations that tend to have higher levels of extraversion are less likely to save for the future. Hirsh argues that understanding More

Microlending Success Starts with a Smile

The economist Muhammad Yunus was awarded a Nobel Peace Prize in 2006 in recognition for his pioneering work in microlending – making small loans available to people living in poverty. Yunus believed that entrepreneurs in rural, impoverished areas needed the same things as any other business—capital to get their small More