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Newsletter
Why Are We So Impatient? A Look into Money and Delayed Gratification
Getting excited about saving for the future can be hard. We are not as emotionally tied to the future as we are to the present. In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
Newsletter
Money and Missed Opportunities
Decisions, decisions. There are so many alternatives for when and how to spend our money, and each decision has unseen costs, such as "opportunity costs." Considering all these costs can complicate our spending decisions, but can also make them better. Learn about the risks of ignoring unseen costs in the October issue of Page One Economics, "Money and Missed Opportunities."
Newsletter
Peer-to-Peer (P2P) Payment Services
Technology has certainly sped up our ability to deposit funds and pay bills. With mobile devices and the internet, we are able to access and transfer money faster than ever before. Peer-to-peer (P2P) payment services and smartphone apps make it possible to make and receive real-time payments in our ever-changing world. Learn about the various advantages and disadvantages of this evolution in payment services in the April 2020 issue of Page One Economics, "Peer-to-Peer (P2P) Payment Services."
Newsletter
The Endowment Effect
Shopping for and owning things are exciting and emotional experiences. We take time and energy thinking about what to buy and the role it will play in our lives. In this Page One Economics: Focus on Finance article, we look at the endowment effect—how we place more value on items we own than on items we don’t.
Newsletter
The Anchoring Effect
Consumers often measure whether they got a good deal on a purchase by the difference between the original price and a sales price. The bigger the difference is, the better the deal feels. The original price a consumer is exposed to becomes a reference point, or an anchor. The April 2021 issue of Page One Economics: Focus on Finance explains the anchoring effect and the role it plays in the decision making process when it comes to what consumers are willing to pay for a good or service.