Why do we often think we know what we want, only to be disappointed with our purchases and choices? Behavioral economics shows just how irrational humans can be. Here's insight into the surprising ways in which our emotions and thought patterns guide us toward predictable economic decisions.

Recent posts on Behavioral Economics

https://www.stockfreeimages.com/6066759/Beating-the-Market-vector.html

Up with the Wealth Gap!

The tax cut locked in a 21.5% increase in the value of U.S. stocks, the majority of which are owned by the wealthiest 2% of U.S. households. Do Americans get it?

Flipping the Script on Innovation

By Kaja Perina on January 12, 2018 in Brainstorm
There’s endless handwringing about how soon AI and automation will gut today’s workforce. Some organizations flip the equation—and the narrative—with their focus on human labor.
By August Macke - Own work, Public Domain, https://commons.wikimedia.org/w/index.php?curid=829473

10 Reasons Why People Spend Too Much

By Shahram Heshmat Ph.D. on January 10, 2018 in Science of Choice
When we learn how and why we are vulnerable, we can develop practices that help us improve our financial wellbeing.

Aha! Pro-Diversity Cultures Spark Corporate Innovation

By Christopher Bergland on January 10, 2018 in The Athlete's Way
Pro-diversity policies in the workplace improve corporate innovation and a firm's value, according to a new study.
Pexels

Working on How You Work

By Glenn C. Altschuler Ph.D. on January 09, 2018 in This Is America
How to enhance job performance including shedding tasks, redesigning work, matching passion and purpose, challenging colleagues, and engaging in discipline collaboration.

The Big Split

By Sarah C. Newcomb Ph.D. on January 08, 2018 in Loaded
Here’s what you need to know about the psychology of money when it comes to splitting up.

Why Do People Move Countries? Global Warming?

Why do people migrate? Does it have to do with climate change? How should the media explain migrants' reasons for changing their lives?

2018 Predictions: Best if We Don't Count on Them

Empowering ordinary Americans in 2018 requires fighting overconfidence.

Psychology Explains New Year Resolutions, Hits and Misses

55.2% of resolutions were health related (exercise: 31.3%, eat healthy: 10.4%, have healthier habits: 13.5%), 34.4% were work related (save: 20.8%, get out of debt: 12.5%)

Making Choices: The Good, the Bad, the Ugly

By William R. Klemm Ph.D. on December 29, 2017 in Memory Medic
Choices are a gamble. You can't know for certain you have made the right choice.But being paralyzed with indecision is no solution.Reason helps you understand the odds.

How to Win Mindless Loyalty

By Jeremy E Sherman Ph.D. on December 28, 2017 in Ambigamy
Wouldn't it be fun to have people who think you're right no matter what you think or do? A little dangerous, perhaps, but fun. Here's how to get it.

Three Reasons Why You Should Ignore Healthcare Headlines

Should you pay attention to the latest headlines on nutrition? It's probably healthier to ignore them.

The Psychology Behind Wanting the "Hot Christmas Toy"

By Alice Boyes Ph.D. on December 23, 2017 in In Practice
Every year around the holidays there are a few highly-prized toys that are sold out everywhere, or only available for markups on the original price. Let's unpack the psychology.

Tax Bill Blowback

By David P. Barash Ph.D. on December 22, 2017 in Pura Vida
Pundits have been busy opining about the impact of the newly passed tax bill. They've ignored the impact of the psychology of envy and of relative good fortune.

Holiday Shopping: Buy Memories, Not Objects

By Melissa Burkley Ph.D. on December 22, 2017 in The Social Thinker
Most of us know that money doesn’t automatically bring you happiness, but why? Perhaps it’s because we’re spending it on the wrong things.

Regrets in Finance and Romance

By Eyal Winter Ph.D. on December 21, 2017 in Feeling Smart
How does the fear of regret affect our dating behavior?

Is the Fascination of Blockchain Illusion or Truth?

By Po Chi Wu Ph.D. on December 21, 2017 in Jacob's Staff
Technology vs Reality. Illusion vs Dreams. Promises and Stories. What is most important in driving how we respond?

Can Investors Benefit From a Stock Market X-Mas Effect?

The persistence of the ‘September effect’ is remarkable: It is the only month that has a negative average return for 20, 50, and 100 years.

Taking A Beat

By Anna Akbari Ph.D. on December 20, 2017 in Startup Your Life
If having free time gives you anxiety, read this first.

Life, Interdependence, 
and the Pursuit of Meeting Needs

By Miki Kashtan Ph.D. on December 19, 2017 in Acquired Spontaneity
Reclaiming our innate capacity for receiving takes us on a journey of recognizing, accepting, and embracing our needs, and re-developing trust.
Pexels

A 10 percent Raise or a Great Boss—Which Would You Take?

By Victor Lipman on December 18, 2017 in Mind of the Manager
A new management survey addresses this and other questions, and examines common disconnects between managers and employees.

Investing More in Young People

By Nigel Barber Ph.D. on December 14, 2017 in The Human Beast
Parents invest more in their children than they receive in return, and such paying forward makes adaptive sense.

How Fear Is Being Used to Manipulate Cryptocurrency Markets

By Bobby Azarian Ph.D. on December 14, 2017 in Mind In The Machine
The world of cryptocurrency is profitable and intellectually intriguing, but misinformation campaigns that use psychological manipulation are creating chaos for investors.

Can Money Buy You Happiness?

By Amie M. Gordon, Ph.D. on December 14, 2017 in Between You and Me
Money can buy happiness, if you spend it right. Research shows there are more benefits to spending money on experiences than material goods. Here are three reasons why.

Toward a More Self-Correcting Psychological Science

By Lee Jussim Ph.D. on December 14, 2017 in Rabble Rouser
How to make psychology the true science it has always aspired to be.
Health Affairs

The Secret to Weight Loss, According to Behavioral Economics

By Peter A. Ubel M.D. on December 13, 2017 in Scientocracy
Losing weight is incredibly difficult, but behavioral economics may come to the rescue.
By Fiona ellis-chadwick (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

10 Factors That Influence Your Purchase Decisions

By Shahram Heshmat Ph.D. on December 09, 2017 in Science of Choice
Consumers are powerfully influenced by their emotions, environmental cues, as well as by how options are presented to them.
123rf  mehta123

Arguing Politics With Friends? One Word Makes a Difference

By F. Diane Barth L.C.S.W. on December 09, 2017 in Off the Couch
This little word can change how you approach political conversations with friends, family, and anyone else in your life.

Moral Relativism Is Tricky, but Smarter Than the Alternative

By Jeremy E Sherman Ph.D. on December 09, 2017 in Ambigamy
When push comes to shove, we dig in our heels, pretending that nature or the supernatural stands for what we stand for. That's a problem worth keeping an eye on.

The Dangers of Ghosting

By Anna Akbari Ph.D. on December 05, 2017 in Startup Your Life
Put an end to ghosting in your professional and personal life.