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Gordon Gekko on Handling Other People’s Money
In a scene from the 2010 film Wall Street: Money Never Sleeps, financial trader Gordon Gekko — played by Michael Douglas — defines moral hazard as a situation in which “somebody takes your money and he is not responsible for it.” A team of European researchers cite this cinematic example in a recently published study on how people feel when they take economic risks on someone else’s behalf, rather than their own. Scientists from the Centre de Neuroscience Cognitive in France found that when we entrust our money to someone else, they tend to not handle it as carefully as they would their own.
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For Couples, Mutual Ambivalence Increases Cardiovascular Risk
Pacific Standard: Toxic relationships have long been linked to poorer health. But newly published research suggests that, to increase your chances of developing cardiovascular problems, you and your spouse don’t have to despise one another. Mutual ambivalence will do the trick. That’s the disturbing finding of a team of University of Utah researchers led by health psychologist Bert Uchino. Figuring that totally negative relationships are rare (at home, if not at the workplace), they decided to look at whether having mixed feelings about one’s partner presents a health risk.
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After Committing a Crime, Guilt and Shame Predict Re-Offense
Within three years of being released from jail, two out of every three inmates in the US wind up behind bars again -- a problem that contributes to the highest incarceration rate of any country in the world. New research suggests that the degree to which inmates’ express guilt or shame may provide an indicator of how likely they are to re-offend. The findings show that inmates who feel guilt about specific behaviors are more likely to stay out of jail later on, whereas those that are inclined to feel shame about the self might not. This research is published in Psychological Science, a journal of the Association for Psychological Science.
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A Solution for Bad Teaching
The New York Times: IT’S no secret that tenured professors cause problems in universities. Some choose to rest on their laurels, allowing their productivity to dwindle. Others develop tunnel vision about research, inflicting misery on students who suffer through their classes. Despite these costs, tenure may be a necessary evil: It offers job security and intellectual freedom in exchange for lower pay than other occupations that require advanced degrees. Instead of abolishing tenure, what if we restructured it? The heart of the problem is that we’ve combined two separate skill sets into a single job.
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Be Happier: Spend More Money on Others
Pacific Standard: If you want to feel happier—and who doesn’t—what should you do with that $20 you have in your pocket? The evidence is clear, according to a new research paper: You should use it to help someone in need. Psychologists Elizabeth Dunn and Lara Aknin, along with Michael Norton of Harvard Business School, report that the benefits of helping others “are evident in givers old and young in countries around the world, and extend to not only subjective well-being, but also objective health.” Writing in the journal Current Directions in Psychological Science, they demonstrate this counter-intuitive thesis by describing a series of studies, many of which they conducted themselves.
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Watch This Baby Video, It’s Good For Your Creativity
Fast Company: It takes us an average of 25 minutes to get to work every morning. We bump bumpers on the freeway, shoulder shoulders on the subway. By the time you get to your desk, you'll feel fried--and unable to think creatively. Which is precisely why you need to watch this baby laugh. In a study published in the journal Psychological Science, a team led by researcher Ruby Nadler found the hilarious trumps the tragic in cases of creativity. Her team gave subjects audio and video inputs, each on a range of negative, neutral, or positive emotional impact.