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Behavioral Economics
The Shirky Principle states that "institutions will try to preserve the problem to which they are the solution."
One reason saving is hard: We tend to view our "future selves" as complete strangers, and our decisions in the present moment reflect that.
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If a person stands little chance of ever being wealthy, perhaps playing the lottery is a rational decision.
You’ve probably noticed that most retailers use prices ending in 99. That’s intentional.
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The average age of cannabis users is increasing. Weed may fall out of fashion before it becomes legal everywhere.
Treating “oniomania” or compulsive buying disorder is about protecting your finances as well as your mental health.
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FIRE is a lifestyle that promotes extensive saving in order to retire early, despite the fact that early retirement is far from practical.
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Financial illiteracy can become a significant problem. But it’s a problem with a clear solution.
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Mindfulness may be especially useful for gaining more control of your impulses to spend.
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Fear of being scammed can lead us to make decisions that go against our values and goals — both as individuals and as a society.
Personal finance advice is often over-simplified and fails to consider economic research or people’s unique circumstances.
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Day trading has the potential to yield incredible profits, but without a time machine, you’re unlikely to achieve them.
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Between the instability of the real estate market and cryptocurrency fluctuations, everyone has been talking about bubbles. But what are they, really?
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You only have 4,000 weeks of life. Use them wisely.
The history of money is a history of convenience, and spending has never been easier than it is today.
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