Life is busy and maybe even overwhelming at times. Work, family, friends, hitting the gym, scheduling, and taxi service for your kids—it's a lot. Finding time to dig into the meat of your finances can be a battle you ignore at your peril.
It’s never failed to happen that people wake up and take note when I mention the basic set of questions the answer to which comprises a decision-making system: Who makes which decisions? Who provides input? Who hears about it? How and when are the decisions made?
Often the most popular skills based courses are those on negotiation. They teach among other things the gentle but very important arts of haggling and persuasion: in short how to get a good deal. Why is it so important and what is the fundamental psychology of haggling?
They met in a airport because of a book that one of them was reading, the same the other had recently read. The conversation was so stimulating that they decided to continue it online and share it with their readers. They both believe this will be the first of an endless series of talks about the subject—what makes people tick—that tickles them the most.
For many years, we thought humans were rational. Homo economicus was the protagonist of the human story, and he knew what he was about. He was the James Bond of decision making, and he didn't let the universe push him around. The only problem was that he didn't exist.
I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too. –Steve Martin
Sensitivity is often praised as one of the most important pillars of a good romantic relationship. Although this is indeed the case, too much romantic sensitivity can overburden a relationship. How then can we find the optimal balance of sensitivity in the complex romantic realm?
At first it seems obvious that manipulating performance measures is unethical: teachers teaching to the test, managers manipulating earnings upward to sell its shares at a high price, and so forth.
But things are more subtle than they seem!
Sometimes fast-thinking is not so good. Which raises an interesting question for physicians trying to help patients navigate important medical decisions: Will they harm patients by explaining things so simply that patients make fast, erroneous choices?