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Financial Impulsivity Increases as the Workday Wears On
After completing several hours of challenging cognitive tasks, people’s financial decision-making style shifted to favor splurging over saving.
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New Research From Psychological Science
Read about the latest research published in Psychological Science: Instantaneous Conventions: The Emergence of Flexible Communicative Signals Jennifer Misyak, Takao Noguchi, and Nick Chater Humans are often able to communicate even when they don't share the same language. How is this possible? Participants played a partner-based computer game in which bananas and scorpions were hidden in boxes. The goal of the game was to collect as many bananas as possible, but only one player could see inside the boxes and the other player was the only one who could "choose" the boxes. Players communicated nonverbally using a limited number of white tiles.
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Can Training Help People Un-learn a Lifetime of Racial Bias?
Nautilus: In the 1990s, the block I lived on in New York City was chaotic and seedy. From my window, I’d witnessed many drug deals, one stabbing, and the aftermath of one shooting. The mayhem escalated dramatically on the Fourth of July, when it was a good idea to stay somewhere else for the night. But one sweltering Fourth, my travel plans fell through. I’m gazing out my second-floor window when two young men on the street below start throwing cherry-bomb firecrackers into the open window of the apartment directly across the street. After a few minutes of that, one of them leaps up, grabs the fire escape ladder and climbs up and through the open window into the apartment.
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This classic thought experiment explains the weird decisions we make about spending money
Quartz: Some years ago, I interviewed the Nobel prize-winning psychologist and bestselling author Daniel Kahneman. He told me one of his all-time favorite thought experiments, which is something of a classic in behavioral economics. It involves a woman who has spent $160 on two theatre tickets. She is looking forward to the show, but when she arrives at the theatre she can’t find the tickets. She empties out her bag. She goes through her pockets. No sign of them. She feels slightly sick as she thinks of the large sum of money she’s wasted. But what about the show? Will she spend another $160 on replacement tickets, or will she just give up and go home? Read the whole story: Quartz
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How to cope with loneliness
The Guardian: Loneliness is everywhere in the world of psychology these days – the subject of so many studies, articles and talks that you sometimes wish the loneliness researchers would go away, so you could just get some damn time to yourself. Perhaps you knew that loneliness can be lethal: it’s linked to heart disease, insomnia and depression, and is a better predictor than obesity of an early death. But the new spin on loneliness is that we ought to welcome it, in modest doses. “As long as we then do what we should do – reconnect with people – then loneliness is a good thing,” the German psychologist Maike Luhmann told the US website Vox.
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Can a divided America heal?
TED: How can the US recover after the negative, partisan presidential election of 2016? Social psychologist Jonathan Haidt studies the morals that form the basis of our political choices. In conversation with TED Curator Chris Anderson, he describes the patterns of thinking and historical causes that have led to such sharp divisions in America — and provides a vision for how the country might move forward. Listen to the whole story: TED
