Education, education, education
Even short financial training courses can improve the way younger people manage money, according to a study of German teenagers. The study – apparently one of the first to assess the impact of financial literacy training to high school students – found the students were better able to identify risky savings products, less inclined to make impulse purchases and show an increased likelihood to start saving after short sessions with a “finance coach”.
Follow the leader
Booms and busts in property markets can be partially explained by thinking traps such as loss aversion, mental accounting and herd behavior, blogs Psy-Fi . It cites several studies including a review of summer house sales in Finland to show how these concepts affect property prices and transactions.
Less is more
A Harvard Business Review blog post highlights the “Presenter's Paradox” – a mistake it says candidates commonly make during interviews. Researchers found that mentioning additional skills that are not as strong as their main strengths – such as a small amount of Spanish language learning – can lead to a poorer first impression.