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- Up one level
- Harvard Decision Science Laboratory
Jennifer Lerner on NPR Innovation Hub, 1/1/2015
- Malcolm Berko: Taking stock: Don't like cigarette-maker, try another that only sells outside the US
Title from The Herald-Sun, June 14, 2018; (title in nwfdailynews.com: MALCOLM BERKO: General Electric could be righting the ship) Dear JR: I think Altria Group (MO-$58), even though it sells cancer sticks to Americans, has a good record of revenue, earnings and dividend growth and is attractive at this price. Some of the most prestigious brokerages have “buy” recommendations on MO, with a price target of $85 in the coming three years. And my neighbor thinks many of MO’s wines, especially those from Chateau Ste. Michelle, compare favorably with wines that are $150 a bottle. But I understand how it feels to almost lose a family member. So stick to your guns and don’t buy Altria. But would you consider Philip Morris International (PM-$77)? PM only sells cancer sticks to consumers outside the U.S.
- News Focus: Economics: Crazy Money
Science 12 December 2008; 322:1624-1626
News Focus
ECONOMICS
Crazy Money
by Chelsea Wald
Humans aren't rational, as the recent economic crisis shows. So why should financial theories assume that they are?
- On the psychology of poverty
On the psychology of poverty
Johannes Haushofer, Ernst Fehr
Science 23 May 2014;344:862-867
Abstract: Poverty remains one of the most pressing problems facing the world; the mechanisms through which poverty arises and perpetuates itself, however, are not well understood. Here, we examine the evidence for the hypothesis that poverty may have particular psychological consequences that can lead to economic behaviors that make it difficult to escape poverty. The evidence indicates that poverty causes stress and negative affective states which in turn may lead to short-sighted and risk-averse decision-making, possibly by limiting attention and favoring habitual behaviors at the expense of goal-directed ones. Together, these relationships may constitute a feedback loop that contributes to the perpetuation of poverty. We conclude by pointing toward specific gaps in our knowledge and outlining poverty alleviation programs that this mechanism suggests.
- Reclaiming Finance for the Common Good: Financial Innovation and Helping Society (67 min, 2012)
Robert James "Bob" Shiller (born March 29, 1946 (see full bio on web page) Lecture at the San Francisco Commonwealth Club, 2012
- Wendy Mariner - Rationing Health Care and the Need for Credible Scarcity: ;Why Americans Can't Say No
Wendy K. Mariner
Rationing Health Care and the Need for Credible Scarcity: ;Why Americans Can't Say No
American Journal of Public Health 1995 (October);85(10):1439-1445.