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Robert H. Smith School of Business | SoluSite
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Tag Archives: Robert H. Smith School of Business

Trick Yourself Into Spending Less and Saving More

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Last week we learned about cognitive biases–patterns of flawed judgment or irrational thinking that trick us into making poor decisions, or acting against our best interests. Often, these cognitive biases compel us to spend money foolishly; but we can also use them to trick ourselves into spending less, and saving more. The denomination effect, for example, refers to the tendency ...

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