How storytelling drives finance and economics In his recent presidential address to the American Economic Association, Nobel Laureate Bob Shiller drew attention to the importance of narratives in economics and, particularly, in financial markets. This corroborates some recent research by … Continue reading The force of narrative
The messy emotions behind money Say you’re a shopaholic who has racked up credit card debt, which is forcing you to skimp on essentials. Or maybe you took a pay cut in a new job but are accustomed to certain … Continue reading The emotional investor
Subtle psychological manipulations help people make smarter financial decisions Over the past 5 years, on behalf of state governments, nearly 100,000 Americans were gently manipulated by a team of social scientists. In 15 randomized, controlled trials, people in need of … Continue reading The nuance of nudges
Who do you trust and why does it matter? Would you trust a banker? Stop laughing now…you there, in the back, stop it… Now, seriously, would you? More to the point perhaps, would a banker trust you? And what matter … Continue reading Trust is a massive asset
What Are The Odds of That? Risky Gambling Choices Influenced by Single Brain Connection Whether a person will place a risky bet comes down to a newly discovered tract of neurons spanning two brain regions. The findings could help understand … Continue reading How your brain makes you cautious
Financial nudging works Having a hard time saving for retirement? You aren’t alone. The problem is that unless we automate the process, saving often becomes an afterthought. After all, it’s way more fun to go out to dinner, take trips … Continue reading Nudges or kicks in the pants?
Leveraging Technology To Make Credit Credible The small-dollar credit (SDC) market — think payday and auto-title lending — is ripe for innovation and disruption. Most of the $44 billion industry consists of high-cost, low-quality products that lead people into cycles … Continue reading How to provide cheaper access to credit