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None Of Us Always Make The Best Financial Decisions.
-Dan Ariely
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None Of Us Always Make The Best
Dan Ariely
None Of Us Always Make The Best Financial Decisions.
Views: 86489
Topic
Decision
Financial
More From Dan Ariely
I Don't Know What Exactly The Translation Is But When We Do Consume Something Now, Something Else Has To Give At Some Point.
Giving
Translations
Knows
The Problem Is That People Basically Dangle Debt In Front Of Us. And The Cost For The Poor Of Course Is Much Higher Than For The Wealthy.
People
Cost
Debt
Not All Debt Is Bad. From Time To Time We Should Get Into Debt When There's A Good Reason For That.
Debt
Reason
Should
To Summarize, Using Money To Motivate People Can Be A Double-edged Sword. For Tasks That Require Cognitive Ability, Low To Moderate Performance-based Incentives Can Help. But When The Incentive Level Is Very High, It Can Command Too Much Attention And Thereby Distract The Person’s Mind With Thoughts About The Reward. This Can Create Stress And Ultimately Reduce The Level Of Performance.
Stress
People
Mind
If You Have Loans, The First Thing You Want To Do Is Say, "okay, Look I Have A Credit Card, If I Really Need To Borrow, I Have This Emergency Money That I Can Get, But For Now There Is No Reason For Me To Keep Cash At Zero Percent Interest Rate And At The Same Time, Pay All Of This Money Out. So, I Think People Need To Figure Out Quickly How To Pay Loans And How Much Cash They Should Really Keep.
Zero
Thinking
People
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