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When we evaluate and compare a range of data points — whether that data is related to health outcomes, head counts, or menu prices — we tend to neglect the relative strength of the evidence and treat it as simply binary, according to research published in Psychological Science, a journal of the Association for Psychological […]
The need to help retirees make prudent spending decisions has led to the growth of a large industry of financial advisors, but a new article suggests that improved policy approaches may be more effective. Published in Policy Insights from the Behavioral and Brain Sciences, the study reviews the psychology behind rapid spending decisions and presents […]
When it comes to making new friends, status symbols actually repel people from making friends with us, according to new research published in the journal Social Psychological and Personality Science. “Often times we think that status symbols — whether a luxury car like a BMW, a brand name purse like Prada, or an expensive watch […]