Psychology of Money

Kids and Allowance: The Debate that Divides Us

To heck with the fiscal cliff. The financial debate that won’t go away is among parents who just want to know if their kids should work for the allowance they receive. The answer isn’t always as easy as it may seem.

This Is Your Brain on Black Friday Shopping

Who among us hasn’t come back from a shopping excursion, looked over the just-purchased haul, and wondered, What was I thinking? Often, our shopping decisions aren’t the result of a completely logical thought process, but are instead affected by what we smell, hear, and touch, and what people around us are doing inside the store.

Black Friday: Fast and Frenzied

The end of Thanksgiving week represents the high point of American consumption — a purposefully designed fast and frenzied shopping atmosphere at stores all over the country. And that’s exactly how many shoppers like it.

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