Disagreements over money are widely believed to be one of the leading causes of divorce and separation in the developed world. Hence, it is perhaps unsurprising that examination of transitions in and
Read More »
Rich people have fewer friends than the rest, according to a Gallup poll (2004). Respondents whose income was at the top of the scale reported having the fewest friends, while those making the least
Read More »
Psychological distance (due to the passage of time, degree of social familiarity, differences between geographical locations, or degree of reality) is an important factor in transforming tragedy into
Read More »
Which life would you prefer: a life where you experience happiness on a moment-to-moment basis such that you feel happy during your life; or a life that you reflect back on and feel happy thinking
Read More »
Construal Level Theory (CLT) argues that one’s construal level, or the degree to which one represents information concretely vs. abstractly, has a broad influence on attitudes, choice, and related
Read More »
Many of consumers’ goals persist over long periods of time. Saving for retirement and being healthy, for instance, cannot be achieved in one night. These and other ‘ongoing’ goals (e.g., being
Read More »
Positional goods are those whose valuation depends, in part, on the levels held by others. For example, if the productivity of all PhD students doubles, the rising tide of publications would not
Read More »
Previous research has shown that choice closure, defined as the psychological process by which consumers come to perceive a decision to be final, increases satisfaction with difficult decisions (Gu,
Read More »