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Behavioral Economics

Created on Wednesday, 13 February 2013 / Financial Fitness Blog
Tags: Behavioral Economics, Money & Meaning, Financial Fitness, Buying Happiness, Mind And Money
There’s nothing like a good buzzword. Here’s one that’s more valuable than you think: behavioral economics. It holds a surprising answer to why, despite all good intentions, careful planning and firm resolve, ... [ +++ ]
Created on Wednesday, 22 February 2012 / Financial Fitness Blog
Tags: Behavioral Economics, Money Management, Financial Fitness
My financial spring cleaning happens early in the year as I prepare to file taxes. That’s when I go through my folder that contains the various documents I’ve accumulated for tax time. If you’re like ... [ +++ ]
Created on Tuesday, 03 January 2012 / Financial Fitness Blog
Tags: Behavioral Economics, Money Management, Financial Fitness, Fun Finance
It’s New Year’s resolution time. We look back at what we’ve eaten, what we’ve spent and what we’ve done—or not done—and something’s got to change! For most of us, our efforts will involve improving our ... [ +++ ]
Created on Tuesday, 06 December 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Mind & Money
Humans are an optimistic breed. We believe we can defy the odds and control our own destinies. When we’re told that about half of all marriages end in divorce, we’re still convinced we’ll live happily ... [ +++ ]
Created on Tuesday, 01 November 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Smart Saving, Financial Fitness, Mind & Money
“Five more! Four! Three . . .” Finally you finish the last rep. What a relief! There are a lot of people in the gym, so you take a swig from your water bottle and quickly regain your composure. Your arms ... [ +++ ]
Created on Tuesday, 20 September 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Money Management, Financial Fitness, Fun Finance
Are you disinterested, bored and frustrated when it comes to paying bills, balancing your checkbook and reviewing credit card statements? Do you feel like the day-in, day-out basics of money management ... [ +++ ]
Created on Wednesday, 07 September 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Money & Meaning, Happiness
I was in junior high. It was 1984, the album was 1984, and the band was Van Halen. “Jump,” the only Van Halen song ever to hit #1 on the charts, began with a dramatic synthesizer solo that became the ... [ +++ ]
Created on Wednesday, 03 August 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Mind & Money, Understanding Risk
... for me to entice you into playing? If you’re like most people, your payoff for heads must be at least around $200 or you won’t... Help me set the stakes for this easy coin-toss game. I’ll flip a ... [ +++ ]
Created on Wednesday, 29 June 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Money & Meaning, Happiness
Imagine yourself in Costa Rica, floating in a pristine, blue-green pool of water and looking up at a lush rain forest canopy. You watch in amazement as, little by little, a three-toed sloth makes his ... [ +++ ]
Created on Wednesday, 01 June 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Money & Meaning, Happiness
The little things in life really count! When we were tiny, it didn’t take a huge financial outlay to amaze us and fill us with joy. Today, a favorite restaurant, a picnic in the park, a night bowling ... [ +++ ]
Created on Tuesday, 03 May 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Mind & Money
I grew up in Dallas but moved to attend grad school in New York City. When I began hunting for apartments, I experienced dramatic sticker shock. This continued with every purchase. Some things I wouldn’t ... [ +++ ]
Created on Tuesday, 22 March 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Money Management, Mind & Money
Do you like a good magic show? A talented, entertaining magician can create mind-boggling illusions. Little do we know, we do the same—all the time. How else can we go from excellent financial fitness ... [ +++ ]
Created on Tuesday, 15 March 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Smart Saving, Money & Meaning, Happiness
Do you remember that cheesy television series, Lifestyles of the Rich and Famous? The show featured the opulent lifestyles of entertainers, athletes and moguls. We watched the parade of excess for over ... [ +++ ]
Created on Tuesday, 08 March 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Smart Saving, Money Management
How are your New Year’s resolutions coming along? This is the time of year they start to slip—or even disappear! Maybe those great after-Christmas bargains were too hard to resist, so the resolution to ... [ +++ ]
Created on Tuesday, 08 February 2011 / Financial Fitness Blog
Tags: Behavioral Economics, Trustworthy Advice
Do you look forward to taking out the trash? That’s the attitude many people have toward personal finance, money management and investing. Avoidance or procrastination is the line of least resistance: ... [ +++ ]
Created on Friday, 19 November 2010 / Financial Fitness Blog
Tags: Behavioral Economics, Smart Saving, Money Management
In their excellent book, Nudge, authors Thaler & Sunstein suggest a variety of public policy adjustments that would help "nudge" people to make better choices.  They discuss the notion of "choice ... [ +++ ]
Created on Wednesday, 20 October 2010 / Financial Fitness Blog
Tags: Behavioral Economics, Easy Investing
No one knows whether the stock market will go up or down.  If we just flipped a coin before deciding to buy or sell, we would expect to be correct about 50% of the time.  If we guess right ... [ +++ ]
Created on Tuesday, 05 October 2010 / Financial Fitness Blog
Tags: Behavioral Economics, Easy Investing
... Not so.  In fact, DALBAR Inc. publishes an annual report of investor behavior that tracks the wacky things that we humans do in the markets.  Across the 20 year period ending 2009, ... [ +++ ]
Created on Tuesday, 28 September 2010 / Financial Fitness Blog
Tags: Behavioral Economics, Financial Freedom
Some of the simplest things in life seem to be the hardest to do.  Weight loss and wealth building come to mind.  Weight loss is simple, just eat less and exercise more.  Yet, that simple ... [ +++ ]