Psychopathic traits behind the rise and fall of Madoff
"There are likely to be plenty of people in the world of corporate finance with similar psychopathic traits to Bernie Madoff."
Social drinkers don't earn more
Have you ever felt pressured to join an afterwork drinking party, even if you’re more inclined to having some tea than getting tipsy?
People save more money when their goals fit their personality traits
Saving is difficult – it requires us to overcome the psychological hurdle of making a sacrifice in the present to benefit us in the future.
The best way to close gender pay gaps
"The method developed by our team allocates raises starting with the people who are most disadvantaged and stops when one of two things happen: You close the pay gap or you run out of money.”
Benefits of big city life - only for the elite
“The higher-than-expected economic outputs of larger cities critically depend on the extreme outcomes of the successful few."
Americans' spending declines consistently after age 65
The findings contradict traditional wisdom that spending will be constant or even increase during older age.
The expansion of capitalism led to a deterioration in human welfare
A new international study claims that capitalism has not made us happier, or richer, or more equal.
Home ownership does not make you happy
A big yard, more space, or admiration from family and friends; the reasons for home ownership may vary, but the goal is the same: ultimately, it’s intended as an investment in happiness.
How to easily lose money on the market
Specialized ETFs which invest in specific popular industries or themes are based mostly on hype and tend to lose value almost as soon as they are launched.
Financial literacy declining in America
Not only are scores on a measure of financial knowledge declining, but a growing number of people think they know more than they do.
It takes only small amounts to corrupt many (eye) doctors
Eye doctors who receive even small financial incentives from pharmaceutical companies are up to twice as likely to prescribe brand name eyedrops for glaucoma instead of cheaper generic versions.
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