This is the seventh article in the Behavioral Finance and Macroeconomics series. We will explore the effect that behavior has on markets and the economy as a whole, and how advisors who understand ...

Working memory and attention are closely related concepts. Working memory is defined as the ability to control attention, and distraction (e.g., irrelevant emails or text messages). WMC is critical ...

Self-control is the capacity to override one’s impulse or desire in order to attain another goal (Mischel, 2014). The alternative to exercising self-control is indulging in an action that momentarily ...

In Greek mythology, the story of Odysseus and the Sirens illustrates a paradigmatic example of self-control. When the hero of Homer’s epic prepared to travel past the Sirens, mythical creatures who ...

Self-control keeps us from eating a whole bag of chips or from running up the credit card. A new study says that self-control makes the difference between getting a good job or going to jail — and we ...

You’ve likely seen the video before: a stream of kids, confronted with a single, alluring marshmallow. If they can resist eating it for 15 minutes, they’ll get two. Some do. Others cave almost ...

Philosophers and psychologists have been discussing the importance of self-control for ages. Plato, for example, argued that the human experience is a constant struggle between our desire and ...

So much of our lives are affected by our ability (or inability) to reach a goal. Whatever the plan may be, willpower, self-control, and motivation are at the forefront. Yet, too often, we pressure ...

Individuals' autonomy and sense of control are associated with the quantity and frequency of their alcohol consumption and ...