Kick the habit
Need help to kick a bad habit? Put some skin in the game. Smokers who paid a deposit, returnable on quitting, were much more likely to ditch the cigarettes than those just given a reward. Read how loss aversion and commitment contracts can help you change for the better - and save money.
Money for nothing
What would you say if your boss offered you money to leave the company? Amazon has done just that, reports The Atlantic. It’s said to be a way of weeding out unengaged workers, while making remaining staff feel more committed. By turning down the chance to quit and walk away with the cash, the remainers become more dedicated to their jobs.
Price of happiness
How much money would you need to earn to feel happy with your lot? Psychologists found that the ideal income for life satisfaction was $95,000 (€77,000). Earning more than this was linked to reduced well-being. The researchers suggest that people start buying more and comparing themselves to others when their wages creep up.