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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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The White House Budget: Does It Distort The Science of Choice?
President Obama’s budget proposal released this week has turned the arcane term “chained CPI” into a controversial buzz phrase. This new calculation for the Consumer Price Index (CPI) assumes that as prices rise, consumers will
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La tristezza ci “costa” davvero: si è meno prudenti economicamente (Financial costs of sadness)
la Repubblica: “SADDER but wiser” (“Più triste ma più prudente”) diceva due secoli fa il filosofo inglese Samuel T. Coleridge, sostenendo l’idea che la tristezza proteggesse l’uomo dalle scelte sconvenienti. Il detto viene oggi smentito
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Life in the Red
The New York Times: The belt-tightening was the easy part. Cancel the cable. Skip the air conditioners. Ration the cellphone, unplug the wireless Internet, cook rice and beans — done, and done. The larger problem
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Why you need to gauge your human capital
Reuters: The end of the year is a good time to illuminate your personal financial situation in a different way. Instead of focusing exclusively on financial capital – how much money you have accumulated –
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Americans increasingly stuff holiday stockings with gifts for themselves
The Washington Post: They say it’s better to give than to receive, but They haven’t been to the mall lately. Americans are doing more and more holiday shopping for themselves, data over the last decade
