Financial Decision Making

Money Makes the Heart Grow Less Fond…but More Hardworking

Money is a necessity: it provides us with material objects that are important for survival and for entertainment, and it is often used as a reward. But recent studies have shown that money is not only a device for gaining wealth, but a factor in personal performance, interpersonal relations and More

Misery is not Miserly: New Study Finds Why Even Momentary Sadness Increases Spending

How you are feeling has an impact on your routine economic transactions, whether you’re aware of this effect or not. In a new study that links contemporary science with the classic philosophy of William James, a research team finds that people feeling sad and self-focused spend more money to acquire More