Ten Money Mistakes to Avoid
Book Review: Dan Ariely and Jeff Kreisler, "Dollars and Sense: How We Misthink Money and How to Spend Smarter", Harper, 2018. If you are familiar with the research on cognitive heuristics and biases, then you have probably heard of Dan Ariely -- the Duke professor who founded the Center for Advanced Hindsight and wrote a number of bestsellers including "Predictably Irrational", "The Upside of Irrationality" and "The (Honest) Truth About Dishonesty". His latest book is a collaboration with the comedian Jeff Kreisler, who speaks a lot on the topic of money. It is called, in a punny way, Dollars and Sense (although there is also a British edition titled Small Change: Money Mishaps and How to Avoid Them ). In the Introduction, the authors emphasize the relevance of a book like this: we all think about money on a regular basis because it touches most aspects of our lives. Yet by thinking about it, we don't necessarily make good decisions....