Money buys happiness
Money can’t buy happiness – or can it? The only catch, this study says, is that spending should fit our personality and meet our psychological needs. Then the money spent could turn out as important to our well-being as finding the right job, right neighbourhood or even the right friends and partners.
Are choosers also losers?
How important is it to make your own decisions? A study finds that choosers can be losers, sometimes knowingly. Many people value the chance to choose for themselves – even when the result is a financial loss. Overconfidence in our own abilities can be the culprit but could it also be self-enhancement bias?
Having more information can help investors, as this blog notes. But position on the information food chain and cognitive biases such as the illusion of skill play a big role in making knowledge valuable. It is actually better to have no information at all than to be averagely informed when it comes to investing.