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
PBS: Last month, behavioral economist Dan Ariely and his team at the Center for Advanced Hindsight opened up the Common Cents Lab. Its goal is twofold: to examine how those living in poverty misspend their money and to help the poor make better financial decisions. … Kristen Doerer: What’s new More
Unethical behavior isn’t necessarily the price of doing business. An international research team highlights steps organizations can take to combat unethical behavior on the job. More
Some of the most urgent issues that American society faces today — including obesity, consumer debt, risk of terrorism, and climate change — are fundamentally influenced by decision making and behavior at both the individual and institutional levels. Despite this, policymakers have only recently begun to capitalize on insights from More
New evidence suggests that thinking about money may help buffer against the emotional toll of ostracism and social exclusion at work. More
Unlike civilian government employees, active-duty servicemembers must log into a specific website and select how much they’d like to contribute in order to enroll in the Thrift Savings Plan (TSP), a government retirement savings program. The Defense Finance and Accounting Service (DFAS), the White House SBST, and university researchers worked More
