Let’s Not Be Too Hasty

Decision Fatigue: The more decisions we make, the less sound they are In a fascinating article in The New York Times (Aug 17, 2011), John Tierney examines the solid experimental work behind the emerging concept of “decision fatigue,” a powerful, demonstrable, and previously unrecognized effect that renders us less and less capable of sensible decisions… Continue reading Let’s Not Be Too Hasty

Are Some People Born to Spend?

In a word, yes. And others are born to save. This is the rough conclusion of Savita Iyer-Ahristani in her overview of a careful study of Swedish twins done by Stephan Siegel, at the University of Washington’s Foster School of Business, and Henrik Cronkvist, at Claremont McKenna College in California. Specifically, Siegel and Cronkvist conclude… Continue reading Are Some People Born to Spend?

Men are Coming Out of the Shopping Closet!

We are all familiar with the popularized image of the shopaholic. Think Isla Fisher in the 2009 hit movie, “Confessions of a Shopaholic.”  But growing research shows that the bag-laden fashionista is not the only one struggling to kick the habit.  For many people, the word shopaholic conjures images of a colorfully-dressed, designer bag-laden young… Continue reading Men are Coming Out of the Shopping Closet!

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Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy

“Whoever said money can’t buy happiness, just didn’t know where to shop,” my post-it intones. Without shying away from the unpopular truth about overconsumption and happiness being like oil and water, James Roberts encourages us to step back, notice, and yes, even laugh at our obsession with shiny objects. He helps us see how we… Continue reading Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy