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To Dump Bad Investments, First Focus On Your Goals
Bloomberg (HealthDay): People who focus on their hopes and aspirations may be less likely to cling to bad investments, a new study suggests. Volunteers were first given the choice to write about either their personal
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Thoughts of Hopes, Opportunities Keep People From Clinging to Failing Investments
It’s a common problem in the business world—throwing good money after bad. People cling to bad investments, hoping that more time, effort, and money will rescue their turkey of a project. A new study published
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A Sales Promotion That Works for Shoes May Not For Chocolate
The Wall Street Journal: Generally speaking, shoppers prefer bonuses (such as a buy one, get one offer) to discounts (50% off), even if the net price is the same. Among other reasons, “the perception is
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Being Faced With Gender Stereotypes Makes Women Less Likely to Take Financial Risks
Research suggests that stereotypes about women and risk taking can influence how women actually make financial decisions.
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The Psychology of Financial Decision Making and Economic Crises
How could the current financial crisis have happened? While fingers have been pointing to greedy banks, subprime-loan officers, and sloppy credit card practices, these are not the only contributors to the economic downturn. A new
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Financial Barriers to Attending College Affect Academic Goals in Young Students
Most young students do not enjoy homework. However, after being told that good grades will help them get into college and lead to a better life, most students eventually buckle down and start studying. But
