| Getting the goalpost to stop moving |
| 06/13/21 Behvaiour |
"So having some ability to deny an extra dollar of work, or a potential opportunity, a bigger house or a nicer car, is essential if you want to use money to make a better life."
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| Well-being rises with income |
| 01/24/21 Academia Behvaiour |
"Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. This suggests that higher incomes may still have potential to improve people's day-to-day well-being, rather than having already reached a plateau for many people in wealthy countries."
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| Keep calm |
| 09/05/15 Markets Norman Rothery Stingy Investing Behvaiour |
"Smart investors stay on course even when the going gets tough. They fully expect to encounter hardship on occasion and can stick with their time-tested strategies over a complete market cycle. In other words, they stay calm and carry on." [$]
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| Financial education unlikely to be of any help |
| 07/28/08 Government Education Behvaiour |
"Teaching people how to manage their money is unlikely to make them any better off, research by the financial regulator reveals. As Britons struggle to adjust to rising inflation, higher borrowing costs and general economic uncertainty, it has emerged that there is little evidence that the millions poured into financial education programmes are of any help."
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