Confronting our mortality is not an easy task for most people. However, there are many reasons people should consider just how long they might live. In the case of retirement planning, life expectancy is important in relation to the benefits like Medicare…
Over the last few years, I’ve had some harsh words for bankers, banks, and the culture of the industry. In truth, I could have said worse, and it would have been justified. That’s why the story of this bank—the Hancock Bank of…
One of the most common justifications for hefty C.E.O. compensation packages is that if the leaders of industry are not paid well, the so-called best and brightest will no longer flock to fill the corporate ranks, and will instead go elsewhere. High…
Here’s my column from the WSJ this week — and if you have any questions for me, just email them to askariely@wsj.com ______________________________________________________ Dear Dan, What should I do about parking? I have trouble deciding whether I should go for a paid…
In today’s economy, consumers and financial institutions alike are constantly on the lookout for new ways to reduce spending. As you read this article, consider these questions: what cost-cutting habits has your organization developed, and are they rational? Do you recognize irrational…
Here it is again: holiday gift-giving season – the best win-win of the year for some, and a time to regret having so many relatives for others. Whatever your gift philosophy, you may be thinking that you would be happier if you…
Consider some of illusion at the bottom of the demo page (click here to see it). The two middle color patches look as if they are different, but in fact they are exactly the same. What is gong on here? How can…
Some quick reflections on the ways money is useful and difficult to deal with — and some ways we can fight back.
Money is an integral part of modern life. We constantly make decisions about whether we’re willing to pay for different products and, if so, how much we are willing to pay. In fact, we make decisions about money so often that we…
We usually accept without argument the notion that man is at the top of the animal hierarchy. After all, only mammals have a neocortex – the most recently evolved part of the brain and the center of higher mental functions – and…