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Richard Thaler on Behavioral Economics: Past, Present, and Future. The 2018 Ryerson Lecture
In the 2018 Nora and Edward Ryerson Lecture at the University of Chicago, Richard H. Thaler discusses his Nobel Prize-winning research.Richard H. Thaler is t...
Money makes us do things we wish we didn’t, but why is that? Behavioral economists and neuroscientists decode psychological dynamics resulting from 25 million years of human evolution - all so you can make smarter financial decisions.
The surprising reason supermarkets sell flowers | CNN Business
All stores have marketing tactics to get you in the door — stylish mannequins, elaborate display windows, posters screaming about all the discounts you can find inside.
From millionaires to Muslims, small subgroups of the population seem much larger to many Americans | YouGov
When it comes to estimating the size of demographic groups, Americans rarely get it right. In two recent YouGov polls, we asked respondents to guess the percentage (ranging from 0% to 100%) of American adults who are members of 43 different groups, including racial and religious groups, as well as other less frequently studied groups, such as pet owners and those who are left-handed.
NGPF Activity Bank Behavioral Economics PLAY: Dollar Auction Game How much would you pay to receive a one dollar bill? This game will help us explore cognitive biases that come into play when we’re making decisions. Part I: Explain the Rules You are about to participate in a hypothetica...
(5) The Pain of Paying: The Psychology of Money - YouTube
Have a question for Dan? You can submit a question in advance of his live session on February 13 to conversations@fuqua.duke.edu. During that live session, you may tweet questions for Professor Ariely using the #fuquaalumni hashtag. -------------------------------------------------------------------------------------------------------------------------------- The Pain of Paying: The Psychology of Money Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics During this session, you will learn: - why paying with cash for a nice dinner feels worse than paying with a credit ca...
Video: Three Brain Games Videos Demonstrate Why We Fall for Scams - Blog
Here's a few Brain Games videos that I watched over the weekend that can help students uncover scams: Pigeon Drop Con Artist Handbook The Scam Illusion Questions Have you ever fallen for a scam? What techniques do these scam artists use in these videos to con people? Which of the three scams do you think you would most likely have fallen for? What lessons can you learn from these videos so that you are not conned? -------------------- Create A Financial Scam Guidebook is a great activity where students research common financial scams and develop strategies on how to a...
How behavioral science can help credit unions' financial literacy efforts | Credit Union Journal | American Banker
Scientific techniques can help credit unions better understand how consumers are likely to behave in certain instances, allowing CUs to shape their tactics and responses to a variety of situations.
Behavioral Finance QoD #22: When it comes to the cost of a car, research shows that most consumers focus on the ___________ payment during the car buying process. - Google Slides
Question of the Day Behavioral Finance #21 When it comes to the cost of a car, research shows that most consumers focus on the ___________ payment during the car buying process.
Neuroeconomics and Shopping: Don’t Ask the Person, Ask the Brain | Marginal Revolution University
There’s a saying in neuroscience: “Don’t ask the person, ask the brain!” What does this mean in practice? And how does it affect the way we shop? Colin Camerer, a behavioral economist at the
Beat Black Friday with six expert behavioural money tips - Mouthy Money
Black Friday is nearly here, and Neil Bage, a behavioural economics expert and director of behavioural insight at Be-IQ shares his six tips to avoid getting ripped off on the day. Shoppers will spend billions of pounds during the Black Friday and Cyber Monday sales. But you should remember that retailers use a host of…chrome-extension://ldgfbffkinooeloadekpmfoklnobpien/index.html?browser_action#/my/15078363?full=true
Consumer spending makes up almost 70% of the US economy, and businesses are fighting for a slice of the pie. The more we can understand what motivates people to buy, the easier it will be to market to them. Check out the infographic below to see the breakdown of shopping trends by each generation.