Why Keeping Up with the Joneses Is Problematic
People tend to see themselves as worse off than others, mostly because they focus on their own indebtedness.
Why Keeping Up with the Joneses Is ProblematicHow a widespread fallacy causes bad decisions
People’s tendency to expect the opposite of what just happened could lead to costly mistakes.
The likelihood of granting asylum fell even more after the granting of two previous requests in a row.
Daniel Chen, Tobias J. Moskowitz, and Kelly Shue, “Decision-Making under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires,” Fama-Miller working paper, March 2015.
People tend to see themselves as worse off than others, mostly because they focus on their own indebtedness.
Why Keeping Up with the Joneses Is ProblematicSome are willing to pay a high price to be productive.
The Rise of the New PuritansWhether donors give to express support or make progress toward a goal can affect their donation behavior.
How Charities Can Get More Donors or Bigger DonationsYour Privacy
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