The Power of Positive Information in Finance
Positive information can make us feel good, while negative information can make us feel bad. This is evident in the stock market, where people log in to check their accounts more frequently when the market is high and avoid it when the market is low. However, bad information cannot always be avoided, and people may need to intervene to change the outcome. This takes energy and may be a reason why people avoid negative information.
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Changing behavior is a common goal for many people, whether it's their own behavior or someone else's. However, using warnings and threats to scare people into changing their behavior may not be as effective as we think. Research has shown that warnings have limited impact on behavior and may even have a boomerang effect. Instead, the power of positive information can be a more effective way to influence behavior.
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