How Useful Is Fear? Franklin D. Roosevelt no doubt meant to be soothing when he insisted, “The only thing we have to fear is fear itself.” A quick and terrifying tour through the academic literature on fear, though, reveals just … Continue reading The evolution of fear
Annie Duke Will Beat You at Your Own Game Late last year, I wrote to Annie Duke, a former professional poker player, about the possibility of profiling her. Duke, who for years was the leading female money winner in the … Continue reading Profiling a poker player
Learning to love your future self It’s February, deep in the blahs of winter, and clients are behaving oddly: they’re less willing to buy risky equities and more inclined to sell higher-risk holdings. That’s because large segments of the population … Continue reading Connecting with future you
A Psychologist Explains How to Conquer Your Fear of Trying New Things The new year is the perfect time to finally take up ceramics, learn Mandarin, start a book club, start rock-climbing, or plant a garden. In 2018, the Cut … Continue reading Doing what you set out to do
Potential loss can make us behave irrationally There are many instances where a perceived loss makes us behave irrationally. Here’s one of the many stories – of Captain Jacob Van Zanten – in connection to loss aversion. Captain Van Zanten … Continue reading The rash decision of Captain Van Zanten
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee … Continue reading How to encourage safer behavior
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?