As Cognition Slips, Financial Skills Are Often the First to Go When Helen Clark brought her father-in-law, then 83, to the doctor last year, she knew his mind was slowing, but a mental status exam confirmed it. He knew the … Continue reading Fluid vs. crystallized intelligence over time
The Man Who Couldn’t Stop Giving In the early 1990s, a quiet man named João quit his job running the human-resources department of an insurance company in Rio de Janeiro and began selling french fries from a street cart. The … Continue reading The neuroscience of philanthropy
Nudge, Nudge In the world of apparatchiks and backroom boys where the political parties find their leaders, there is usually a hot idea or ideas. These come in waves, obviously. Not long ago, nudging was a big thing. The idea … Continue reading Is loss aversion everywhere you look?
How to Win at Rock-Paper-Scissors “No washing dishes for me tonight.” Beat my sister at a game of Rock-Paper-Scissors (RPS). I was 10 years old and RPS was our “go to” game of fate to decide all kinds of important … Continue reading Psychology for gamers
The Long Marriage of Mindfulness and Money Last month, on CNBC’s “Squawk Box,” Deepak Chopra described the usefulness of meditation for people on Wall Street. Speaking about a friend who manages a hedge fund, he said, “His entire staff meditates. … Continue reading Trading psychology and meditation
Outsmart Your Own Biases Suppose you’re evaluating a job candidate to lead a new office in a different country. On paper this is by far the most qualified person you’ve seen. Her responses to your interview questions are flawless. She … Continue reading Tips for thinking
What happens to today’s opinions tomorrow? Byron Sharp’s How Brands Grow is the only marketing text I refer to on a regular basis. It’s well written and pulls no punches. His conclusions are based on single source datasets tracking attitudes … Continue reading How you change your mind