Imagine you’re on your way back from work and you pop into a shop. You weren’t looking for anything in particular, but an hour later you find yourself walking out with a big smile and multiple bags in tow. What happened? Behavioural economists call it the effect of “shopping momentum”. We like to think we’re rational consumers when it comes to our spending. After all, … Continue reading The Sunday Times’ Raconteur: Can money buy happiness after all?
We are not rational thinkers, but emotional creatures when it comes to making financial decisions. This idea has been gaining currency ever since the acclaimed psychologist Daniel Kahneman won the Nobel prize for economics with Amos Tversky for their work on behavioural economics. Many experiments have shown that it’s easier for us to part with money if we’re paying by card rather than in cash, … Continue reading The Times’ Raconteur supplement: Taking the emotion out of trading
A new show about consciousness takes a terrifying look at how scientists, philosophers and artists deal with “the hard problem” In the 17th century, Descartes famously argued that the body and mind are two different things. Philosophers have been discussing the difference ever since, and this “mind-body problem” is far from solved. Today, science is still struggling to explain how our soggy grey brains give rise to the … Continue reading The Economist’s 1843: The malleability of our minds
Why don’t surgeons have coaches, just like top athletes and singers? Medical professionals are expected to deliver care in a fast and cost-efficient way, while keeping up to date with the most recent technologies. Even the best-trained professionals can benefit from coaching to improve their skills, according to surgeon and author Atul Gawande. Virtual Reality (VR) and Augmented Reality (AR) are set to be in … Continue reading The Times’ Raconteur supplement: Could AR and VR transform surgery forever?
Jonathan Verk, co-founder of coParenter, has first-hand experience of a bruising marriage break-up. “Six years ago, I started going through what ended up being an absolutely brutal litigated divorce,” he says. “I had a front-row seat to see just how bad the system can be for people. And as bad as it was for us, it was devastating for our kids.” After 25 years in … Continue reading The Sunday Times’ Raconteur: Rise of the robot mediator
Investors are always on the lookout for a successful fund manager, so there is a vast array of academic research on how to find one. Identifying successful people in active fund management seems easier than in other industries, as there are huge data sets associated with specific fund bosses publicly available; by contrast, there are probably many reasons and people behind the (latest) failure of … Continue reading MoneyWeek: What makes a successful fund manager?
A row of solar panels may still be the image that pops into most people’s minds when they think of sustainable investing. But the socially responsible investment sector is in fact much broader, and it is steadily becoming more mainstream. Two thirds of investors would like their money to support companies that are profitable but also make a positive contribution to society and the environment, … Continue reading Money Observer: Sustainable investing – should you go active or passive?
The young are vocal about climate change, pollution and inequality. Last year, Swedish schoolgirl Greta Thunberg was catapulted to fame when her climate protest sparked an international wave of school strikes. The youngest-ever US congresswoman Alexandria Ocasio-Cortez has been making waves with her Green New Deal. One of the most powerful recent appeals, however, comes from Sir David Attenborough and his documentary series Our Planet. … Continue reading The Times’ Raconteur supplement: Why impact investing isn’t just for millennials
In recent weeks, most of us have been deluged by a flood of emails asking if we’d like to stay in touch with a certain company or charity. That’s because on 25 May, the European Union’s General Data Protection Regulation (GDPR) came into effect. The basic idea is to create one set of rules to modernise data privacy laws across European member states, currently including … Continue reading Money Observer: GDPR – what investors need to know
Following the recent introduction of Morningstar’s carbon risk rating by Morningstar, we reveal how carbon-heavy the most popular investment funds are An increasing number of investors look to environmentally friendlier and more ethical ways of growing their money, and choosing the right funds is part of that process. When choosing a fund, investors can invest in funds that are specifically ‘ethical’ or ‘responsible’. Alternatively, they can … Continue reading Money Observer: How carbon-heavy are the most popular funds?