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 of material wealth alone. This article presents 10 questions to help you determine your degree … Read more 10 Questions: Do You Value Wealth or Happiness?

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 theory of cognitive dissonance in the 1950s. Basically, the theory states can be summed up … Read more Benefits of Cognitive Dissonance

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 school. The paper received an A- and I am confident it would have been an … Read more Organizations and Institutions