The desire to keep up with the Joneses is a familiar one to many people. But those assessing their own wealth relative to others’ often have a skewed perception. That’s because debt figures more prominently in sizing up one’s own financial position than it does when making inferences about someone else’s, find Chicago Booth’s Abigail Sussman and her coauthors. The result could be a tendency to overspend in an attempt to keep pace with the wealth projected by peers.
An experiment demonstrates that officers can learn to apply critical thinking in stressful situations, reducing the use of force and discretionary arrests.
How to Redesign Police Training to Reduce the Use of Force
Limiting the number of units consumers can purchase at a discount can have a ‘dragging-down effect’ on the quantity consumers buy.
Can Discounts Lead to Lower Sales?
Knowing a better iPhone is coming may ruin your experience of the one you have.
Do You Really Need to Upgrade Your Phone?Your Privacy
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