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Channel: MIT News - Topic - Behavioral economics
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Study: At most a third of us show a consistent approach to financial risk

Take a moment to consider some of the financial choices you’ve made in recent years. Do you have a consistent approach to your money, either by playing it safe or having a willingness to take risks? Or...

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New insight into how people choose insurance plans

Economists often talk about “moral hazard,” the idea that people’s behavior changes in the presence of insurance. In finance, for instance, investors may take more risks if they know they will be...

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