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

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Stop Giving Your Power Away to Others

Take back your power with these 5 steps on dealing with difficult people! Own your reactions and actions, and shift the dynamic to lessen the sting inflicted by a negative person.
By Internet Archive Book Images [No restrictions], via Wikimedia Commons

10 Cognitive Biases Ruining Your Diet

By Shahram Heshmat Ph.D. on August 25, 2016 in Science of Choice
Cognitive biases lead to craving and overeating thereby contributing to weight gain and obesity

Should We Treat Business School Students Like Customers?

University professors and administrators should be customer-oriented, but we should not treat students like customers.
Catalina Toma

Choice of Partners in Online Dating: The More, the Better?

By Catalina Toma Ph.D. on August 21, 2016 in Virtual You
I examine how the number of matches online daters are provided with (few vs. many) affects these daters' satisfaction with a selected partner.

Are Teachers Our Most Undervalued Leaders?

By Victor Lipman on August 21, 2016 in Mind of the Manager
Some HR executives like to hire teachers because they have outstanding communication and presentation skills – highly valued in the corporate world.
Courtesy Antônio Geraldo da Silva

When Work Can Be Damaging To Your Health

Companies should, through well-trained managers, pay attention to the behavior of their employees.

Increase Funding for Mental Illness Now

The time has come to declare war on mental illness and place a priority on funding innovative neurobiological research for better prevention, diagnosis, and early intervention.

Is Empty Nest a Myth?

By Susan Newman Ph.D. on August 16, 2016 in Singletons
Is sending your child off to college as emotionally draining and stressful as having a newborn or raising a child during the middle school years? What new research tells us.

Who Deserves the Right to Choose Green?

By Michele Wick Ph.D. on August 16, 2016 in Anthropocene Mind
People who earned their income, as opposed to receiving welfare, were deemed more deserving of the right to spend extra cash to cool the planet.

Being Something vs. Doing Something

If the ancient world was over-personalized, than today personal and family life face the threat of becoming ‘professionalized.’

Who Are Psychology's Geniuses? Part 2

I offer a few more nominations for psychologists whose contributions deserve to be called ingenious, and some analysis of what makes them stand out. See if you agree.

On a Cup of Coffee

By Marty Nemko Ph.D. on August 13, 2016 in How To Do Life
Gratitude as an anti-sadness "medication."

Finding Strength in Vulnerability

By Michael F. Kay on August 09, 2016 in Financial Life Focus
Strength is admired and respected as a trait of winners; the weak are cast aside as not having what it takes. We need to reexamine what strength really means.
By Vouliagmeni (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

How to Prevent Cravings?

By Shahram Heshmat Ph.D. on August 08, 2016 in Science of Choice
A key lesson of behavioral economics is the power of the context that shapes behavior and overrides individuals’ intentions.

Is Financial Nudging of American Consumers Backfiring?

Data from Vanguard’s “How America Saves 2016” report raises three red flags.

The Trouble With Diversity Training

By Victor Lipman on August 07, 2016 in Mind of the Manager
Studies show traditional diversity training is ineffective. It often comes across less as genuine education and more as legal obligation. Here's a suggestion to help change that.

How Will the "Endowment Effect" Affect You?

Want to lessen this economic bias? A little experience goes a long way!

Should You Replace Your Car?

By Marty Nemko Ph.D. on August 03, 2016 in How To Do Life
An internal debate that may help you gain clarity.

A Link Between a Prostitute's Age and Her Income

A new study links a prostitute's age with her income. Although a seemingly narrow salacious topic, these findings address a broader scientific question that concerns us all.

Don't Let Others Run Your Life!

Are you sure you're leading the life you want, as opposed to just following the vision of others? This article provides 3 specific steps to help you lead the life you deserve!

Speed Limits: Safe Driving – or Driver Mis-Education?

By John Staddon, Ph.D. on July 30, 2016 in Adaptive Behavior
The US traffic-control is inefficient and dangerous

Music Enhances Beer's Flavor

Listening to music we love can make whatever we're drinking taste much more delicious.
By NOAA Photo Library, NOAA Central Library; Family of Captain William M. Scaife C&GS. (NOAA Photo Library: theb0734) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0) or Public domain], via Wikimedia Commons

How Self-Control Can Help You Live a Healthier Life

Self-control is a vital strength and key determinant of success in everyday life.

A Nation Advances on Its Stomach

By Nigel Barber Ph.D. on July 27, 2016 in The Human Beast
Napoleon said that an army marches on its stomach. Now, economists conclude that how well fed a nation is drives the economy.

The Prisoner’s Dilemma and the "Virtues" of Tit for Tat

You’d probably agree that in an ideal universe you’d do best living your life in accord with the golden rule. But in the real world attempting such an existence is precarious....
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Say What You Mean; Mean What You Say

Learn to say what you mean and feel good about it, leaving others with their confidence and security in place. Consider these seven steps to being a more authentic communicator.

Specific Commitments Can Change Behavior

By Art Markman Ph.D. on July 26, 2016 in Ulterior Motives
Psychology has learned a lot in experimental studies about how to change behavior. Will that work in the real world?

Real Men Don’t Type

In the computer age, the available jobs look to real men like training to be a girl.

Sick and Tired of Politics?

By Renee Garfinkel Ph.D. on July 23, 2016 in Time Out
Take control of your life by paying it forward.

When It Comes to Your Money

By Michael F. Kay on July 20, 2016 in Financial Life Focus
"More than 30 people burned in Tony Robbins' hot-coals walk" Associated Press headline June 24, 2016