We're very excited to chat with Behavioral Scientist @ExtonJessica from @ING_news tomorrow at 12 pm EST / 5 pm BST to discuss what actions you can take to overcome your own investing biases.
Interesting take - 'Ambivalent people tend to see both the positive and negative sides to things, and feel conflicted about many topics.' It can feel uncomfortable, but a balanced and nuanced view isn't all bad https://t.co/hXqrzkLomL
Predictions of increased spending post pandemic and useful behavioural tips for sticking to the lock-down silver lining - some are saving much more https://t.co/HbNOCyXn3Z via @wealth
Feeling bored can drive changes in behaviour, such as increased novelty seeking and reward sensitivity.... lock-down boredom has also stimulated a range of new spending choices from home improvement to share portfolios
https://t.co/swBnwR44G0
Negotiating may feel uncomfortable but can pay off - I've previously found 40% of UK home buyers simply offered what was asked. 35% offered only a little bit less while 17% offered more than the asking price - interesting read from@ThisIsMoney https://t.co/Rm4jBGrJyt
Building truthful workplaces: 'Many believe white lies to be unavoidable and mostly harmless ��� perhaps even socially lubricating.' But truth-telling often begets truth-telling, starting small helps https://t.co/ns6w1eH3JH via @psyche_the_mag
'Changing your mind ... requires you to grapple with your own identity. Admitting that you were wrong feels personal.' How to Get Better at Changing Your Mind: treat change as learning and don't make your ideas who you are https://t.co/SsNcVzyVvF via @behscientist
A nice read during another lockdown weekend - a lack of variety contracts our perception of time and limits memory creation. But now is the time to embrace routine, while we might not remember a lot of lockdown, we will keep the skills we develop https://t.co/Z7lx2JPjJ6
‘Mental money laundering’ lifts constraints on spending morally questionable income - Chicago Booth Review https://t.co/sZz7s5fhBC via @chicagoboothrev
“Though consumer-to-consumer sharing has immediate environmental benefits through, for example, decreases in the use of raw production materials, its long-term benefits appear limited,” say @LauraStraeter & @ExtonJessica#EconTwitter https://t.co/DroDfH4ZWT
'When ideas are presented to us, the immediate need is for us to be persuaded. Persuasion, we discover, depends on four factors...' Credibility, authority, relevance and feedback are equally important to objective consideration. https://t.co/yfL29FbLEt
Working from home or living at work? A few WFH strategies - create your own commute, focus your workload on a daily “must win”, put “proactive time” on your calendar, reclaim the social in social distancing, run time-management experiments https://t.co/PXeE7MLQwu