Be kind to your future self
Wealthy and not-so-wealthy people are haunted by the same behavioural biases, according to economist Allison Schrager writing on Quartz, but “the poor have much less room for error”. She tells how she taught financial literacy to women in a homeless shelter and found “being impulsive” and “not fully valuing the future relative to the present” were among reasons that prevented them from saving.
It’s my choice
Changing the way you think about New Year resolutions might help achieve them, blogs Psychology Today. It suggests using empowering language – such as “I don’t buy lottery tickets” rather than “I can’t buy lottery tickets” – highlighting the fact you made a choice, have willpower and are determined to achieve it.
Strength of “weak ties” updated
Sometimes distant acquaintances can be the more useful than close friends and family for finding a new job, blogs author and economist Tim Harford. He details research by Mark Granovetter in the 1970s that finds “weak ties” are valuable because the contact is unusual – and updates it by referencing more recent research involving a “big data” analysis of mobile phone records.