Money & Mind
Not looking at the balance is a decision with compounding consequences
Avoiding financial information is a predictable response to expecting bad news, and it reliably makes the…
· 3 min read
Money & Mind
Why sensible people make predictable mistakes with their own money.
Money & Mind
Owning something raises the price you would accept for it
The same object is valued more highly by the person holding it than by the person considering buying it…
· 3 min read
Money & Mind
A decision that turned out badly was not necessarily a bad decision
Judging choices by their results confuses the quality of reasoning with the roll of the dice, and it…
· 3 min read
Money & Mind
A bargain delivers a pleasure of its own, quite separate from the thing bought
The satisfaction of paying less than expected is a distinct reward, and because it is felt at the moment of…
· 4 min read
Money & Mind
Two people arguing about money are usually arguing about two different rules
Partners rarely disagree about arithmetic; they disagree about what money is for, and until that is said…
· 4 min read
Money & Mind
Very few households can answer simple questions about their own money
Not knowing what comes in, what goes out or what is owed is close to universal, and the reasons are…
· 3 min read
Money & Mind
Generosity works better as a budget line than as a response
Money given away is usually decided at the moment of asking, under social pressure and without reference to…
· 3 min read
Money & Mind
How a payment is made changes how much it feels like spending
The discomfort of parting with money is a real signal that varies with the method of payment, and…
· 3 min read