By Jerilyn Klein Bier
Financial advisor and physician Carolyn McClanahan, co-founder of Whealthcare Planning LLC, is hearing three main themes from advisors who’ve begun using the company’s new health and eldercare financial planning software with clients. Read more...
By Martina Barjaková
Most of us probably believe that we are in control of our own decisions. We have our opinions, beliefs and principles, we know what we like and dislike and we always decide in accordance with our preferences. Read more...
By Cynthia Harrington, CFA
We usually think of the term “technology” in very modern, even futuristic contexts. Yet the word has a long history, deriving from the Greek tekhnologia, meaning “science of craft” or “systematic treatment” of actions. These traits have been with us since humans first discovered tools. Read more...
James Saft, US News, 6 September, 2017
Pretend we are at the race track and I pick your pocket, take a 10-dollar bill, replace the wallet surreptitiously and then 'give' you the money with instructions to put the funds on a horse. Read more...
Jason Hreha, Medium, 21 June , 2017
How should we think about behavior change in light of our strong, biologically-determined predispositions? Read more...
Clifford Asness and John Liew, Institutional Investor, 3 March, 2014
"The Nobel committee decided to split the economic prize between Eugene Fama and Robert Shiller – and that's okay."
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(This is being posted now because it is a superbly written article on the behavioral versus efficiency perspectives in financial markets. It is written by two acclaimed experts in the field, and is destined to be a classic. It is required reading at my Behavioral Finance Course at UC Berkeley...Rick Lehman)
Kristina Bott, Alexander W. Cappelen, Erik Ø. Sørensen, and Bertil Tungodden, Harvard Business Review, 20 July, 2017
"In a new study, we show that moral motivation is important for tax compliance, and that a moral appeal in a letter from the tax authorities substantially reduces tax evasion."
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Neal Cole, Conversion Uplift (UK), 30 March, 2016
"Behavioural economics supports the idea of a non-linear decision making process as it provides clear evidence of how important our interactions with other people are in the choices we make."
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Christopher K. Merker, PhD, CFA -- CFA Institute, 14 August, 2017
"It turns out boards and investment committees are like everything else — imperfect entities run by imperfect people. They can be distracted, emotional, self-interested, unengaged, and at cross-purposes, often with members who lack investment training or experience."
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