behavioral economics

 

A place for optimism in a new, uncertain world

Since the economic bust and resulting recession, people often ask me whether I’m optimistic about our future. When we think about optimism from the perspective of behavioral economics, two important questions come to mind in light of our present circumstances. First, where do we naturally fall on the range from pessimism to optimism? And second, [...]

Sure, we’re thrifty now, but what about when the economy improves?

Work hours slashed. A spouse laid off. The family funds gone with Bernie Madoff. For one reason or another, the recession has forced most of us to take a long, hard look at our budget and give our spending habits a good old overhaul. And that hasn’t been all bad. Surveys show that we’re saving [...]

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