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What’s an acceptable level of income inequality in America? Some surprising insight into this complex question comes from a remarkable recent study by Michael Norton of the Harvard Business School and Dan Ariely of Duke University. You might be surprised by the results, whatever your political persuasion or net worth.
Recent research suggests that a major, news-making recession can actually be good for marriages.
Recent research involving smokers reminds us that good behavior can sometimes lead to bad outcomes—not least when it comes to money.
Research tells us that people experience more fully—and remember more fondly—the last things they do on vacation.
New research reveals that the kind of cash we carry around with us affects how generous or thrifty we are when we spend money.
A new year, a new batch of resolutions. Alas, these promises to ourselves, undoubtedly heartfelt, rarely produce long-lasting results. Worse, failed resolutions could be harmful if they lead to depression, self-loathing or what we might call “boomerang behavior.” With this in mind, we assembled five pieces of advice, gleaned from behavioral economics and related fields, that might help you make this year’s resolutions a little stickier.
Most people are attracted to choice; the more options the better. But research tells us that too much choice makes it harder for us to choose—and less satisfying after we do.
New research reveals how our moods, good and bad, can increase our willingness to spend more for certain products and services—and less for others.
A new study shows that we have debt account aversion, a strong preference to pay off smaller debts first, even when it makes more sense to pay down larger balances on loans with higher interest rates.
The seeming economic success of this year’s Black Friday-But-Really-Thursday got us wondering what we as a country have gained in terms of what psychologists often term well-being, i.e., happiness.
The real holiday shopping blunder isn’t starting to spend too early, but spending the wrong way. And it can hurt you twice over.
