Category Archives: psychology

Money and Mindfulness

Lately, I have been reading about Mindfulness.  I posted two reviews over at Amazon.com, which I would like to share.  But first, some initial thoughts about the relationship between Money and Mindfulness that I hope to be able to expand … Continue reading

Posted in neuroscience, Practical Advice, psychology, rational vs irrational, thinking vs feeling | Leave a comment

Reducing Spending: Helpful bits of Psychology to Know

1. We are poor at “affective forecasting,” or predicting how we’ll feel—in large part because we tend to project our present emotions into the future. As a corrective, hink not just about how you will feel about getting the item, … Continue reading

Posted in automatic vs controlled, material vs experiential, neuroscience, psychology, situational influences, spending | 10 Comments

You always want to try to get the best deal, right? NOT!

On the face of it, it sounds like trying to get the best deal is a good thing. Who wouldn’t want to get the best possible product for the least possible price? But economic theory and psychology research show that … Continue reading

Posted in economics, psychology, satisficing vs optimizing, spending | 5 Comments

The conflict between psychology and economics

One of the underlying assumptions of economics is the idea of human rationality–that people will attempt to maximize their own well-being, or “utility.” In contrast, some perspectives in psychology–most notably the psychoanalytic–have presumed the fundamental irrationality–the “psycho-logic” (as opposed to … Continue reading

Posted in economics, psychology, rational vs irrational | 4 Comments