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High Earnings Can Hamper Happiness
Behavioral experiments suggest that the modern drive to amass wealth is a holdover from the days when people sought to accumulate resources not for the sake of happiness, but for sheer survival.
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Kahneman Honored With Presidential Medal of Freedom
Nobel Laureate and APS Fellow Daniel Kahneman, a pioneer in the field of behavioral economics, is one of 16 people who will receive the Presidential Medal of Freedom later this year from President Barack Obama
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A Seat at the Table
Youth violence. Unemployment. Heart disease. Teen pregnancy. Climate change. Practically every challenge facing modern society is fueled in part by entrenched behaviors that science can help understand and perhaps change. Historically, the US government has
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When paying more stops paying off
The Washington Post: Everyone likes money. Ask people who say they don’t care about money if they’ve ever turned down a raise. Wait for the awkward pause. But money is funny, too. However much it
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Financial Decision Making and the Aging Brain
Many of the most influential financial decision makers in our society from business to politics happen to be middle-aged. The average age of Fortune 500 chief executive officers and chief financial officers is around the
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American Voices: Dan Ariely
PBS: For many people, saving money isn’t just difficult; it’s a foreign concept. A recent study found that 58% of Americans do not have a formal retirement plan in place.¹ Why is even thinking about
