Essential Reads

Bringing Down the Cost of Healthcare

By Kathryn Seifert Ph.D. on March 21, 2017 in Stop The Cycle
There are 3 effective ways to bring down to cost of healthcare without reducing quality or outcomes. These include prevention, early treatment and integrated care.

Should You Become an Uber or Lyft Driver?

The economics will vary dramatically depending on your incremental costs.

Do Only Dead Fish Swim With the Stream?

Many people's long-term romantic behavior is similar to dead fish floating with the current, slowly drifting with the stream. Is such behavior damaging? Not always, it would seen.

Moral Incentives for Dummies

By Jeremy E Sherman Ph.D. on March 14, 2017 in Ambigamy
What is basic morality and what incentive system does best to promote it?

More Posts on Behavioral Economics

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Donald Trump, Orchestra Conductor

Like all demagogues, Trump is not a creator but an orchestrator of popular resentment.

The Myth of the Irrational Voter

By Gleb Tsipursky Ph.D. on November 06, 2016 in Intentional Insights
Are we doomed to irrationality in our voting? Recent research suggests that's a myth! We can vote rationally if we follow the steps outlined in this article.

The “Lesser of Two Evils” Fallacy

By Jeremy E Sherman Ph.D. on November 01, 2016 in Ambigamy
If you treat all disappointing choices as choosing the lesser of "evils" you're likely to end up with real evil.

Briffault's Law: Women Rule

If a man seems to have the upper hand in a relationship, the woman may not be taking advantage of Briffault’s law.

Cognitive Dissonance and Addiction

By Shahram Heshmat Ph.D. on October 29, 2016 in Science of Choice
Cognitive dissonance is a case of detecting our own hypocrisy, and hypocrisy is a powerful motivation for finding justifications (excuses) for our action.

How Can You Predict the Future?

By Gleb Tsipursky Ph.D. on October 27, 2016 in Intentional Insights
Wouldn't it be great to predict the future? Statistical methods can help.

How You Respond to Stress Is a Key to Management Success

By Victor Lipman on October 26, 2016 in Mind of the Manager
When things weren’t going smoothly – projects behind schedule, budgets squeezed and she felt under pressure – her management style changed considerably.

How Much Money Should You Spend on a Wedding Gift?

Economics and psychological perspectives provide us with different spending values in response to this common question.

Willy Wonka and Financial Happiness

By Michael F. Kay on October 21, 2016 in Financial Life Focus
Do you have the discipline to make your dreams become reality?
J. Krueger

Why Teach More?

By Joachim I Krueger Ph.D. on October 20, 2016 in One Among Many
Professors teach because they love it (and make a living). Therefore, they will teach more when the opportunity arises, no?

How the Trump Foundation Scandal Hurts the Nonprofit Sector

By Gleb Tsipursky Ph.D. on October 20, 2016 in Intentional Insights
Emotional intelligence research shows how you can be in danger due to scandals that have nothing to do with you!

Pre-Suasion: Before You Try to Persuade Someone…

In Pre-Suasion, Robert Cialdini asks: What is most important if you want to persuade? Hint: it’s not so much what’s IN your message, as in what happens in the moment just BEFORE.

Earth Home Economics: Rebecca Adamson and “Enoughness"

By Darcia Narvaez Ph.D. on October 16, 2016 in Moral Landscapes
"If you don’t change directions, you’re going to end up where you’re headed.” The words Rebecca Adamson's mother told her as a child find new meaning in a globalized world.

The Sports Illustrated Cover Jinx

By Gary Smith Ph.D. on October 12, 2016 in What the Luck?
Is success a curse?

The Emotions of Luxury

By Peter Noel Murray Ph.D. on October 12, 2016 in Inside the Consumer Mind
Emotions are the foundation of why consumers are attracted to luxury brands. And the luxury emotions of the very rich are different than those of the rest of us.

The Psychology of the American Dream

The American Dream is an optimistic, motivating force that propels people to achieve and accomplish things that we might otherwise not strive for.

What’s It All About, Alfie? (And Fred)

By John Staddon, Ph.D. on October 07, 2016 in Adaptive Behavior
Are schedules of reinforcement an accurate template for education? Or is operant conditioning irrelevant? Is education all about 'intrinsic motivation'?

The Subtle but Very Real Human Costs of Reorganizations

By Victor Lipman on October 06, 2016 in Mind of the Manager
Reorganizations have become almost a form of corporate sport. Beyond the obvious costs for consultants and retraining, they often entail unintended long-term human costs.

Intelligence Is No Bar to Irrationality

By Arthur Dobrin D.S.W. on October 06, 2016 in Am I Right?
Have you ever wondered why smart people do irrational things?

The Psychology of Being Middle Class

Poll after poll reveals that most Americans think they’re part of the middle class even if they’re clearly not.

Dealing With Financial Woes During Life Transitions

By Michael F. Kay on October 06, 2016 in Financial Life Focus
Dealing with financial issues during periods of significant change can be nearly difficult, if not impossible.

Irrationality

By Marty Nemko Ph.D. on October 06, 2016 in How To Do Life
A The Eminents interview with Nobel Prize winner, Robert Shiller

3 Decision-Making Principles I Taught My Son

By Gleb Tsipursky Ph.D. on October 05, 2016 in Intentional Insights
How recent research on behavioral economics can help you make better decisions

Why Do We Panic in Emergencies?

By Romeo Vitelli Ph.D. on October 05, 2016 in Media Spotlight
In virtually every disaster, there is always the risk of mass panic which can often cause more casualties than the disaster itself. Can new research help prevent this?

Groping for Sex and More Life

By Kirby Farrell Ph.D. on October 04, 2016 in A Swim in Denial
Terror Management Theory (TMT) offers a scientific way of understanding the spellbinding effects of Donald Trump's fantasies..

How Powerful Is Status Quo Bias?

By Rob Henderson on September 29, 2016 in After Service
Research sheds light on our resistance to change.

Why Lending With Interest Is Felt to Be Immoral

By John A. Johnson Ph.D. on September 28, 2016 in Cui Bono
A mismatch between evolved feelings about fairness in exchanges and modern economic practices might eventually lead to a revolution against the current political/economic system.

Will Trolls Inherit The Earth?

By Jeremy E Sherman Ph.D. on September 27, 2016 in Ambigamy
Trolls take cheap shots, any easy path to attack and self-defense. There's a troll epidemic now. Here's a possible historical explanation for their risky rise.

Medical Errors - A New Leading Cause of Death

Each year, one out of every four hospital patients in the United states will be harmed by the care they receive. Simple cost-free safety behaviors could cut these deaths in half.

The Pursuit of Happiness, Bah, Humbug?

By Marty Nemko Ph.D. on September 26, 2016 in How To Do Life
Many people focus on the pursuit of happiness, but there are other options. It's up to you.