Financial Decision Making

Two Hormones Predict Negotiators’ Success

New research recently published in Psychological Science demonstrates that two hormones can exert a strong influence over a bargainer’s success in a negotiation: testosterone and the stress hormone cortisol. Testosterone is often associated with aggressive behavior, so we might assume that the more testosterone the better when it comes to More

Optimism for Technology May Bias Financial Decisions

Facebook claims more than 1 billion users, and Apple is widely cited as the world’s most valuable company. Constant technological innovation over the past few decades influences almost every aspect of our daily lives. However, new research suggests that you may want to think twice before betting on the next More

Real-Time Data May Be the Best Backseat Driver

New technology is allowing auto insurers to offer insurance models that can use an individual’s real-time driving behavior rather than actuarial tables to help determine their insurance costs. Several major insurance companies now offer Pay-As-You-Drive insurance (PAYD), where insurance fees are directly linked to an individual driver’s real world behavior. More