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Children may learn coping with poverty
United Press International: Although the poor have a higher risk of heart disease, stroke and cancer, many children who grow up poor have good health as adults, Canadian searchers say. Edith Chen and Gregory E. Miller of the University of British Columbia say poor children are less likely to have a predictable routine and a stable home; their parents may have to work multiple jobs to make ends meet and may not be able to afford to fix a leaky roof, for example. Miller and Chen propose a strategy that might reduce stress and improve health they call "shift-and-persist." The first part, shift, means reappraising things that are stressful.
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The Surprising Benefits of Corporate Disunity
Huffington Post: I love reading accounts of the West Wing's inner workings, because they are studies in the predictable quirkiness of human psychology. Presidents and their trusted staffs always arrive in the White House with a unified message and team spirit, and they inevitably disintegrate into factions -- ideological purists and pragmatists, seasoned vets and young Turks. It's just as true of Obama's West Wing today as it was of Nixon's and FDR's, and probably every presidency back to the founding. The common wisdom is that such factions are a bad thing, not just for the White House but for any complex organization.
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Study of the Day: Why Teams Don’t Always Make the Best Decisions
The Atlantic: PROBLEM: Important decisions are often reached when people collaborate. But can confidence in one's teammates also backfire? METHODOLOGY: University of Pennsylvania's Wharton School researchers Julia A. Minson and Jennifer S. Mueller asked 252 people to estimate nine numbers related to United States geography, demographics, and commerce, either individually or in pairs after a discussion. They were then offered the estimates of other individuals and pairs and allowed to revise their own, so the final estimates could come from the efforts of two to four people. The subjects also rated their confidence in their judgments.
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Your (Virtual) Future Self Wants You To Save Up
NPR: A retirement crisis is looming. As people live longer, one study finds that half of all households are at risk of coming up short on retirement money. And while many working households may feel they simply don't have enough to spare for retirement, experts say some of the biggest barriers to saving up are psychological. Now, new research has found a way around that barrier: providing a virtual glimpse into the future that could help motivate young people to save more for retirement. "When you make a decision now about yourself in the future, that distant self almost feels like a stranger," says Hal Hershfield of New York University's Stern School of Business.
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What the poor can teach the rich
MSN: Wow. I thought taxes were a hot-button issue. But taxes are nothing, nothing, compared with how we feel about social and economic classes. My column "Why are the rich such jerks?" -- which summarized some recent research about the behavior of wealthier people compared with poorer people -- drew more than 600 comments on MSN Money and 1,700 shares on Facebook. Many people were so busy condemning the rich, the poor, each other or the research that they missed my point: that stereotypes about rich jerks could give some people an excuse not to take care of themselves financially. Who wants to be wealthy if the wealthy are all vile, greedy, evil creatures? Read the whole story: MSN
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Your Pet, Your Money, Your Call
The New York Times: Of course you can be an ethical pet owner even if you cannot or will not spend huge amounts of cash on exotic medical treatments for your dog or cat. To say otherwise would restrict the pleasures of animal companionship (and the often exaggerated health benefits of pets) to the rich. And in fact, when it comes to veterinary medicine, more is not always better. One of my colleagues recently spent nearly $8,000 on cancer treatments for her dog. Has she done anything wrong? No – it is her money, after all.
