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Behavioral Economics, Explained

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How to make rational decisions

The role of biases in decision-making

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Behavioral Economics, Explained

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Carnegie Mellon psychologist Vicki Helgeson has found that when people give continually without concern for their own well-being, they’re at risk for poor mental and physical health. Yet when they give in a more otherish fashion, demonstrating substantial concern for themselves as well as others, they no longer experience health costs. In one study, people who maintained equilibrium between benefiting themselves and others even achieved significant increases in happiness and life.

ADAM GRANT

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2. The Power of Powerless Communication

Overconfidence and aggression in relaying a point almost always never works because the listener begins to brush off your arguments as condescending and they will respond defensively.

Powerless communication opens another's ears to hear you out as the listener doesn't feel threatened. Speak...

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1. Sunk Cost Fallacy

When we have invested so much over something, it's hard to let it go even if that investment is already obviously losing. We're at the risk to pour in additional investment, do more and add more resources which in the long run will only cost us more.

Grit is good but know when to quit and l...

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3. Otherish giving

Giving can be burnout-inducing especially when you're only selflessly giving and not receiving anything as other people keep taking from you.

Striking a balance to also promote what's beneficial to you will keep you encouraged and keep your energy up on giving endlessly.

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