Will You Outlive Your Money? Methuselah was lucky. The Biblical stalwart lived 969 years without any reported money worries. Like him, many Americans now survive to an advanced age—although nowhere near the record set by the man who might have … Continue reading The fear of living longer
The Secret to Weight Loss According to Behavioral Economics Losing weight is incredibly difficult. People who have put on unwanted pounds need all the help they can get to trim their waistlines. Will behavioral economics come to their rescue? Behavioral … Continue reading How to upset the set point
How Our Personal Finances Can Make Us Happy The idea that money generally, and the state of our finances, in particular, should be an essential contributor to our happiness seems obvious. When we handle money wisely give it an appropriate … Continue reading Is money the star of the show?
Six Reasons Why People Give Their Money Away, or Not Do you wish you had more money? Most people do. And even though people work hard to earn their money, many give some of it away, often to help strangers. … Continue reading Motivations for donating
The Elephant In The Room: How The Financial Industry’s Shunning Of Emotions Fails Its Clients I don’t think professor Richard Thaler is going to return my calls anymore. Sure, he was gracious enough to give me an interview after his … Continue reading Financial Planning Done Right
How Irrational Labs Creates “Irrational” Bonuses 70% of U.S. employees are disengaged at work. When we think about how to fix this, most companies turn to financial incentives. Pay-for-performance year-end bonuses are pervasive. But do they work? A meta-analysis of … Continue reading Money and happiness
Go Ahead, Heap Rewards on Your Kid A few months ago, my husband and I met a psychologist who advised us to start using rewards with our 6-year-old. Our son is happy, but he struggles at times with his behavior … Continue reading Incentives for kids?