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Dollars & Sense

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Why smart people do stupid things with their money

Most people are generally intelligent, reasonable and knowledgeable, but if left to their own devices, they are capable of doing some really dumb things with their money. On occasion, this paradox has left me breathless. Have you ever wondered why it is so hard for people to learn from their own financial mistakes? Turns out that there is a new science that explores these questions and it can help us all discover how to keep emotions out of our financial decision-making. It’s called neuroeconomics.

Neuroeconomics is a hybrid of neuroscience and psychology. Its promise is to help crack the smart yet stupid riddle for the first time. By using the wonders of brain-imaging technology, scientists are able to get down to the biological bedrock of financial decisions. What scientists are discovering is that emotions are located in a more primitive part of the brain than rational thought.

Jason Zweig, expert and author of a new book on neuroeconomics, Your Money and Your Brain, gives us this example. When you unexpectedly lose money on an investment, a part of your brain called the insula becomes intensely active. The insula is one of the main centers in the brain for processing disgust; the neural response of someone who has just lost money is barely distinguishable from the activation in the brain of a person who has just smelled vomit or stepped in dog doo. It's literally a sickening feeling, and it creates an almost irresistible urge to get rid of the thing that made you sick. Being slaves to our emotions can lead us astray financially,

Read more at LifeAfter50.com

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Let look over the horizon and speculate about what the future holds for annuities.
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Let look over the horizon and speculate about what the future holds for annuities.
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http://www.retirementcommunity.com/news/finance/index.1.html
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Conversely,I think it's a selecting process,knowing what's the most important and what's the least.And then be a simple man.
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U.S. Department of Labor awards $10 million to projects promoting careers in science, technology, engineering and math
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If holiday pressures get the best of you, shorten daily exercise sessions to 10 minutes, but no less. Human nature being what it is, you might get caught up in the regimen and decide to expand the 10-minute rule.
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Title of this post is Dollars & Sense which contain the correct use of Dollars or in other words money because she said right that so many people looking intelligent having handsome money but they don't know how use that money and they did a lot of stupid things. They use money for useless things. So, we must have know which is best way of use of money.
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The dollar sense is done and attained for the right and productive manners. It is methods of the satisfaction and contentment. It is skillful and professed. It is the duty and obligation of the future and all forms of the prospective times.
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If outgoing president George W. Bush hasn’t been worried about how history will view his two terms in office, he should start now. Pundits and prognosticators are already suggesting him as poster boy for worst president in history.
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When you unexpectedly lose money on an investment, a part of your brain called the insula becomes intensely active.
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Leslie on 07/26/2016 00:25:39
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