behavioral economics

Stop Picking on Dave Ramsey-These 5 Scientific Studies Say He’s Right (Why Math Loses to Behavior)

9 Comments / Money, Saving, Your Money /

I see a lot of people picking on Dave Ramsey’s less than mathematically ideal debt payoff method, the debt snowball.  Interestingly, social science says he’s right. When it comes to paying off debt, similar to investing, what matters the most is that it gets DONE. Picking the perfect method for paying off debt doesn’t matter […]

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People Are Predictably Irrational – A Nobel Memorial Prize Winning Theory

12 Comments / Money, Saving, Your Money /

Behavioral economics has overtaken traditional economic theory to rule the day, as we’ve seen through Professor Richard Thaler’s Nobel Memorial Prize in Economic Sciences award. Learn all about this theory, how it’s different from traditional economics, and where you can see it in action in your own life.

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