Financial Decision Making

While it’s standard practice for supervisors to provide regular feedback to their subordinates, it’s far less common for employees to get the opportunity to candidly appraise their supervisors’ performance. A new study suggests that honesty may be the best policy for ensuring that leaders look out for everyone, not just More

New research from Columbia Business School challenges conventional wisdom about making an initial offer during a negotiation. To get the best deal, you may want to consider offering a range of options rather than a single number. Whether bargaining for catering, a new car, or a starting salary, psychological scientists More

We tend to be economically irrational when it comes to choosing how we use resources like money and time but scarcity can convert us into economically rational decision makers, according to research in Psychological Science, a journal of the Association for Psychological Science. Research from psychological science has shown that More