This is the seventh article in the Behavioral Finance and Macroeconomics series. We will explore the effect that behavior has on markets and the economy as a whole, and how advisors who understand ...

Working memory and attention are closely related concepts. Working memory is defined as the ability to control attention, and distraction (e.g., irrelevant emails or text messages). WMC is critical ...

Self-control, the ability to override or change internal impulses for the benefit of longer-term, strategic goals, has always been treasured as an admirable human trait. For example, Confucius taught ...

Self-control is a highly prized quality in our society. The ability to walk a straight and narrow path while resisting the temptation to deviate is something we admire in others and strive to attain ...

In Greek mythology, the story of Odysseus and the Sirens illustrates a paradigmatic example of self-control. When the hero of Homer’s epic prepared to travel past the Sirens, mythical creatures who ...

Society is awash in instant and constant gratification. From the abundance of consumer choices around nearly every corner to technological advances that have put every song, video, product, service ...

Mmmm, a hot fudge sundae. The diet is supposed to start today, but surely it can wait until tomorrow – or maybe the next day. Many people know what’s good for them and choose to do the exact opposite, ...

As the old adage goes, there's no handbook for parenting. But ask anyone who has raised a child into adulthood, and they'll ...