Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – September 13, 2017

Property premium

Property premium

Buying a house? Beware of sellers who bought at the top of the market. They’re more likely to hold out for a higher price than someone who bought a comparable house when house prices were lower, researchers have found. This “history dependence” effect exists even when sellers are mortgage-free.

No regrets

No regrets

Why do people join lottery syndicates? 86 percent of those polled said they did so because they’d be miserable if their colleagues won and they were left out. This regret avoidance/aversion is also key to many other of the decisions we make, the authors of this Business Insider article explain.

Debt psychology

Debt psychology

Debt is debt, right? Not necessarily. Research described by CBC News has found that our subconscious will often label such borrowing as something else, depending on our feelings towards it.  And those who strongly oppose debt when they don’t have any tend to change their attitudes once they have it, to reduce cognitive dissonance.

Ian Bright
Ian Bright

Senior economist at ING
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