Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – September 6, 2016

Lottery fever

Lottery fever

Government sponsored 'super' lotteries are having harmful effects on people who play them regularly, especially those who are poor, argues this New York Times article. Some of us lose a paltry $10-$20 a year but for millions of regular lottery players this could mean a difference between a comfortable retirement and extreme poverty over a lifetime.

Emotional impact

Emotional impact

Emotions affect decisions but their influence may have been underestimated, suggests this article on the use of beta blockers. It highlights that when we change the way we feel about something, it will probably change the way we think about it too. Those who were given beta blockers showed reduced loss aversion but no change in willingness to take risk. 

True altruism

True altruism

People tend to give more to charity as they age and the desire to see others better off peaks after 45, finds a new study. General benevolence increases as the years go by but the study suggests that life experiences plant the seeds of altruism. Income, gender, political orientation play no part but religiosity shows a moderate positive relationship.

Ian Bright
Ian Bright

Senior economist at ING
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