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Why you buy what you buy and when
CBC News: A flurry of new consumer studies shed light on the buying choices people make, explaining, for example, why we choose romantic movies over other genres when we feel cold, how our definition of
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Yes, It Is Possible To Be Happy With Spending Less
Business Insider: Increased consumer spending has become an obsession with the economic-recovery crowd. Such spending accounts for 70 percent of the U.S. economy, as measured by the gross domestic product, or GDP. Therefore, the thinking
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Practice Doesn’t Make Perfect When it Comes to Understanding Risk
People aren’t very good at making decisions that involve risk. Many people are afraid of airplanes, although accidents are extremely rare; some people even drive to avoid flying, putting themselves at more risk. A new
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Searching for the real relationship between money and happiness
The Washington Post: Can money make you happy? An entire quantitative field of study, happiness economics, has grown up around that question. In reading the literature, I came to one inescapable conclusion: Happiness economics makes
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The Mechanics of Choice
Hardly a minute goes by in our lives when we don’t make them. Decisions can be as small as our choices of words or what to have for lunch, and they can be as big
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Most people want more income equality
Milwaukee-Wisconsin Journal Sentinel: Earlier this fall, the Journal Sentinel reported that 46% of Milwaukee’s children live in poverty. More recently, the paper compared similarly sized educational systems in Wisconsin and Finland. Those Finnish kids seem
