The most established national statistics focus on rational behavior, not how people feel.
When Professor Richard Thaler of the University of Chicago received the news that he had won the Nobel Memorial Prize in
He was honored for his contributions to behavioral economics.
I'm not saying that you have to hire a celebrity to make a cameo appearance explaining investment strategies to your clients. But you can think outside the box and use analogies in your own explanations.
I recently attended a fascinating talk on the topic of Behavioral Engineering by my friend Shira Abel. Post that talk, I had an opportunity to ask her a few questions on the same topic.
As January kicks off, close to half of Americans will make resolutions on the perennial quest for self-improvement. Predictably, losing weight continues to be the top goal for 2015. Money-related resolutions, however, rank among the favorites.
Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.
Using it, you would receive an automatic message when you clicked send. "Warning: This appears to be an uncivil email. Do
Taking money over time is a tenet of my faith. I believe in God, the Cincinnati Reds and not taking money in a lump sum.
Can crowdsourcing provide the answers to one of mankind's biggest challenges, namely how to sustain an ever-growing population in a world of ever-diminishing resources?
Unlike anti-smoking advocacy, anti-obesity policymaking is a much less mature field, and the public is still unsure when -- or if -- it wants the government meddling in what it eats and drinks.
Because the money is harder to access, people who take structured settlements are more likely to "get rich slowly" than my professional clients who can cash in a mutual fund or stock whenever they want.
Facebook: Good or bad? Is it nurturing our families and communities by bringing us closer together? Or is it a dangerous threat -- a technology that fosters isolation, anxiety and narcissism?
A region of the midbrain called the ventral striatum may be partly to blame for the fact that millions of Americans fell