A better way to make financial decisions

chicagobooth.edu/review | Rational economic theory suggests that people take their current level of wealth into account when they make financial decisions. If you're going to give something up (your time, for instance) in exchange for money, the rational thing would be to consider how much you need the money. However, research from China Europe International Business School’s Xilin Li and Booth’s Christopher K. Hsee suggests people often neglect to do that-but can be prompted to.

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Reminds me of some behavioural finance I learned, great content ❤

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