Forbes: How were you feeling the day you had to turn in the form telling your benefits department what percent of your salary you wanted to set aside for your 401K? Or the time you were deciding to rack up $5,000 in credit card debt so you and your spouse More
The human mind tends to devalue future rewards compared to immediate ones — a phenomenon that often leads to favoring immediate gratification over long-term wellbeing. As a consequence, patience has long been recognized to be a virtue. And indeed, the inability to resist temptation underlies a host of problems ranging More
BBC Radio: Jo Fidgen interviews psychologist Eldar Shafir about his theories of how scarcity of time and money can both help and harm us. Listen here: BBC Radio More
When it comes to how we value money, all dollars (or Euros or yen or pesos) are not created equal. If someone gives you three dollar bills and then offers a fourth, the prospect of getting that extra dollar is kind of exciting. But if someone offers you 33 dollar More
The Washington Post: Imagine this scenario: You come home from work tired and frazzled, and your little kids are running wild. Perhaps this doesn’t require much imagination. People in such situations might find solace in a popular meditative practice called mindfulness. With mindfulness, you train your mind to focus on More
A boost to income can increase happiness to a certain degree, but research suggests how you spend your money may be equally important as the amount you have. More
