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Experience Buying and Selling Reduces Financially Costly Biases
When it comes to decisions about buying and selling, businesses are supposed to use evidence and observations about the market for goods to make profitable decisions. In classical economics, it’s assumed that people make financial
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A bit of cash can keep someone off the streets for 2 years or more
Science: If someone is about to become homeless, giving them a single cash infusion, averaging about $1000, may be enough to keep them off the streets for at least 2 years. That’s the conclusion of
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Can your genes predict future success in life?
CBS: Your genes may play a part in whether or not you’ll enjoy career and financial success, researchers suggest. But, these “success” genes aren’t necessarily your destiny. They may play only a small role in
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Financial Stress Hurts, Literally
Scientific American Mind: Few things feel worse than not knowing when your next paycheck is coming. Economic insecurity has been shown to have a whole host of negative effects, including low self-esteem and impaired cognitive
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Genetic Variations Linked with Social and Economic Success
Psychological characteristics link genes with upward social mobility, according to data collected from almost 1000 individuals over four decades. The data suggest that various psychological factors play a role in linking a person’s genetic profile
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Does Financial Insecurity Lead to More Physical Pain?
Scientific American: A research team led by public policy Professor Eileen Chou at the University of Virginia hypothesized that the confluence of these two trends – greater economic uncertainty and more physical pain – may
