There's A Way You Can Beat The Best Investors. You've Just Got To Know When To Sell
A new study finds finance professionals fail at their jobs in a surprising way. There are lessons for all of us.
behavioral economics
The Behavioral Economics Manifesto Gets Revised
We speak with the Nobel Prize-winning founder of behavioral economics about the new — and last — version of his classic book, Nudge.
The CDC Is Gambling On Relaxed Mask Rules To Get More People Vaccinated
Fully vaccinated people got the green light last week to resume much of their lives without masks. Behavioral experts say that as an incentive to get more people vaccinated, it's far from a sure bet.
Theory Vs. Reality: Why Our Economic Behavior Isn't Always Rational
We don't always behave the way economic models say we will. We don't save enough for retirement. We give money to charity. This week, why we act in ways that go against our "rational" self-interest.
The Limits Of Nudging: Why Can't California Get People To Take Free Money?
Researchers tried to help low-income workers sign up for free money with letters and text messages. They failed.
Daniel Kahneman On Misery, Memory, And Our Understanding Of The Mind
Economic theory rests on a simple notion about humans: people are rational. But a half century ago, two psychologists shattered these assumptions.
Keep Calm And Carry The 1: Investors Often Miscalculate Amid Volatility
Selling after a market plunge, financial experts say, just locks in the loss and prevents investors from participating in the rebound. But human psychology can make that advice excruciating to follow.
No. 1 With A Bullet Point: To Get Research Cited, Make Sure It's Listed First
Sometimes our eyes are just drawn to the top of a list. Using a regular e-mail of headlines sent out to economists, a study found the ones listed higher get read more — and cited more in future work.
How 'Foodies' Were Duped Into Thinking McDonald's Was High-End Food
A viral video shows people lauding fare billed as an "organic" fast-food option that was actually McDonald's. It wasn't just pranksters playing tricks on these poor folks, but maybe their brains, too.