Jess's list

October 22, 2018 - Great articles from the web on money and your life.

Defaulting data

Defaulting data

How can people get smarter about money? Studies suggest using just-in-time messaging when people need it most, “defaults", which automatically opt people in to savings, and algorithms that give relevant recommendations based on data.

Changing beliefs

Changing beliefs

People methodically change their beliefs about financial futures. Many believe a current trend will continue, until it doesn’t. When a new trend starts, they’ll believe that one will continue instead. This means that forecasts are often incorrect, sometimes with dire consequences for the economy.

Do the maths

Do the maths

The cost of universal basic income (UBI) is vastly overestimated by many, this academic says. That’s because a UBI of one can’t just be multiplied by the entire population. Wealthy people will contribute more through taxes than they’ll gain, so the overall cost is lower.

Jessica Exton
Jessica Exton

Behavioural scientist at ING
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