Tag: behavioral

10 Questions: Do You Value Wealth or Happiness?

In typical financial planning an individual will seek to maximize wealth, perhaps adjusted a bit to smooth income over the course of their life or due to risk considerations. Economic planning, in contrast, favors optimizing on happiness or utility instead

Tagged with: , , , ,

Benefits of Cognitive Dissonance

Cognitive dissonance is a state of discomfort or stress resulting from an individual holding some combination of conflicting cognition and behaviors. Cognition refers to attitudes, values, beliefs, and so on. (Definition source 1 and source 2.) Leon Festinger originated the

Tagged with: , , , , , , , , ,

Organizations and Institutions

This article will rigorously define, compare and contrast organizations and institutions. This article is a bit long but worth the read. It is an improved version of part of a paper I wrote for a public policy class during graduate

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,
Top