Don’t Tell Your Friends They’re Lucky Cornell professor of economics Robert Frank says he’s alive today because of “pure dumb luck.” In 2007, he collapsed on a tennis court, struck down by what was later diagnosed as a case of … Continue reading Are you lucky?
How to keep your resolutions (clue: it’s not all about willpower) It’s hard to think of a situation in which it wouldn’t be extremely useful to have more willpower. For a start, your New Year’s resolutions would no longer be … Continue reading Willpower comes and goes
Time for Wall Street to Produce Products for People, Not Robots Investors have a tendency to unnecessarily intervene and rebalance their portfolios, which often results in long-term underperformance (see chart below). As Morningstar has eloquently put it, investors “suffer[ing] from … Continue reading People are not robots
The Power Of Saying ‘I Don’t Know’ We are conditioned to having and providing quick, confident answers as a sign of competence and leadership. We behave as though any gaps in knowledge should be hidden at all cost. But is … Continue reading The risks of assuming to know
How liars create the illusion of truth Repetition makes a fact seem more true, regardless of whether it is or not. Understanding this effect can help you avoid falling for propaganda, says psychologist Tom Stafford. “Repeat a lie often enough … Continue reading Does prior knowledge matter?
Why you shouldn’t want to always be happy In the 1990s, a psychologist named Martin Seligman led the positive psychology movement, which placed the study of human happiness squarely at the center of psychology research and theory. It continued a … Continue reading Why aren’t we happier?
Banking apps give us a nudge to end our bad financial habits Inertia is the root of all evil where money is concerned. So could a new generation of smartphone apps help us win the battle against financial complacency? This … Continue reading Is background plumbing good for you?