The problem with preferences A cynic, Oscar Wilde wrote in his play Lady Windermere’s Fan, is “a man knows the price of everything, and the value of nothing”. This suggests that price and value are two different concepts, which apparently … Continue reading Unknown preferences
Longer deadlines make people donate more money “If you give a donation within three days, an anonymous contributor will donate an additional DKK 10.” This was the message that researchers from the Department of Economics and Business Economics, Aarhus BSS … Continue reading Do deadlines make sense?
How Behavioral Economics Can Help You Retire Rich The behavioral economics expert and professor at Duke University’s Fuqua School of Business is the maestro of the behavioral tweak. His skills, and those of other researchers and experts in fields ranging … Continue reading Deadline + reward = $
The psychological trick that makes it harder to pay off your credit cards Unlike your typical mortgage or car loan, credit cards are a door to open-ended debt. There exist no standard repayment plans, no deadlines to keep you on … Continue reading Anchoring to the minimum payment
Cash isn’t going away, but it will become digital For more than 3,000 years, cash has played a critical role in the way our society functions — due as much to its fiscal value as its emotional and cultural connotations. … Continue reading Thoughtless spending
A Little Nagging Can Help Reduce Credit Card Debt While no one likes to be nagged, a bit of prodding — with periodic emails or online messages — can help consumers reduce their credit card debt, a new study has … Continue reading How reminders can help manage money
Government Cash Handouts Won’t Strengthen Families Heather Boushey, an economic adviser to presidential candidate Hillary Clinton, and the executive director of the Washington Center for Equitable Growth, has a plan to help American families while attacking inequality. She wants to … Continue reading The cons of giving people cash