Most pricing structures nudge us to spend more. But there’s a particularly cunning type of pricing that can get us to swap our preference from a cheaper to a more expensive option.
Overseas research says putting the clock forward hurts the financial markets. But not in Australia, according to a real-world study along the Queensland-NSW border.
We don’t actually know how NDIS participants weigh their personal goals and then make choices about achieving them through services, supports, therapies and interventions.
When we lust for riches, fear being left behind and identify strongly with some moral cause all at once, reason and willpower don’t really stand a chance.
Research shows that corporate wellness programs don’t really work. If companies want to boost employee health they should consider designing the workplace to encourage the right behaviour.
Treasury modelling suggests that limiting negative gearing will lead to small change in prices. But behavioural economics shows it all depends on how the policy is framed.
After two Nobel prize wins for behavioral economists, the burgeoning field has demonstrated its importance in shaping effective economic and government policy.
Will you buy the new iPhone straight away?
Or do you buy your smartphone based on its cost-benefits? Either way Apple might be using your own psychology against you.