Let Research Guide Spending Advice

Why do we spend money? Why do we buy things we don’t need or items that are outside of what we can afford? What advice should we heed if we’re trying to improve our ability to walk out of a store with only what we intended to buy? Some argue that gender, ethnic group membership or socio-economic status alone can explain differences in shopping and spending. Like with other areas of research (including affluent …
If you have ever worked for a leader who lacks confidence, you know how painful your daily slog can be. A leader’s dearth of confidence can suppress opportunities of superstar employees or lead to an inability to secure resources, including pay, promotions, and bonuses, for team members. Great leaders balance confidence with realism and perspective, and have enough self-esteem and self-efficacy to delegate to and develop team members and work for the good of …

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