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From our Wealth Psychology series: University of Toronto’s Lisa Kramer explains why we sometimes react differently to financial information depending on how it is delivered. Find out how you can reframe your finances.
Introducing our new series, Wealth Psychology. Professor Dilip Soman and the team at Rotman School of Management explain some of the ways time, context and the psychology of money itself can influence our financial decisions, and share ideas on how to use them to your advantage.
Part III in our Wealth Psychology series: Professor Dilip Soman outlines the mental magic that happens when we apply labels to our money — and how it might help you save for your goals.
Part VI in our Wealth Psychology series: Professor Lisa Kramer outlines why the person you are when you make a financial decision is different from the person actually does (executes?) it, and offers (tips?) help for getting your inner planner and doer in line.
Part VII in our Wealth Psychology series: Professor Dilip Soman explains why we feel so attached to funds we’ve already spent and share an idea on how you can avoid throwing good money after bad.