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The Smart Way to Teach Children About Money
The Wall Street Journal: It’s time to rethink how we teach children about money. For all the effort parents put into helping their children understand dollars and cents, and for all the effort schools put
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People Value Resources More Consistently When They Are Scarce
We tend to be economically irrational when it comes to choosing how we use resources like money and time but scarcity can convert us into economically rational decision makers, according to research in Psychological Science
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Examining Flip Side Of A Firm’s Social Responsibility Record
NPR: Goldman Sachs has given hundreds of millions of dollars to charity in recent years. In part, its effort to do good has been shaped by the battering its reputation took during the financial meltdown
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Shop Yourself Happy
The Atlantic: This year, a few pure souls might celebrate a freegan Christmas. Some will opt for a “Buy-Nothing” holiday. Others still will pull off a DIY Hanukkah. The vast majority of people who have some disposable income, however
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What Happens When You Make Someone Feel Wealthy
New York Magazine: Since society’s winners tend to get to make the rules, the way winners react to being winners is really important. What’s the psychological effect of feeling like you’ve crawled to the top
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How to Defeat the Impulse Buy
The New York Times: As Thanksgiving approaches, so does the holiday shopping season. Once again, a day traditionally meant to celebrate gratitude will inaugurate a month of rampant consumerism. As a psychologist who studies decision making, I’m
