A group of participants received a mug and were told they owned it; a second group was only shown the mug. When asked how much they would be willing to sell the mugs for, their asking price was more than twice of the second group. The “endowment effect“ is when we overvalue what we feel we own.
psychology
Psychology research demonstrates…
Psychology research demonstrates the psychological benefits of working less. Working fewer hours was associated with improved psychological and health benefits. It also helps with productivity.
Humans often experience ‘illusions of control’…
Humans often experience ‘illusions of control’ over events we cannot actually change. While psychologists in the past thought this meant we evolved to be deluded, some neuroscientists now think these false beliefs are our brain’s rational response to an uncertain and unpredictable world.
The pressure to feel upbeat can…
The pressure to feel upbeat can make you feel downbeat. Embracing your darker moods is better in the long-run, psychology researchers found.
Although less talked about, the trauma…
Although less talked about, the trauma of unexpectedly getting fired is very similar to the trauma of being left by a loved one.
Procrastinators often forget to do…
Procrastinators often forget to do things that they intended to do, especially if they’re unaware of their procrastination.
New research provides evidence…
New research provides evidence that men tend to mellow out when they are with their girlfriend. The study, published in Journal of Social and Personal Relationships, found that the presence of a romantic partner reduces risk-taking propensity in young men.
Research has found gardening at home had…
Having your own garden — and spending time in it — improves health and well-being. Research has found gardening at home had a similar effect on people’s emotional well-being as biking, walking or dining out. The benefits of home gardening were similar across racial boundaries and between urban and suburban residents.
Study shows the ‘key to happiness’…
Study shows the ‘key to happiness’ is visiting more places and having new and diverse experiences. The beneficial consequences of environmental enrichment across species, demonstrating a connection between real-world exposure to fresh and varied experiences and increases in positive emotions.
A psychology study of more than…
A psychology study of more than 4,000 millionaires found that people with more wealth are indeed happier with life. They also found that people who earned their wealth were happier than those who inherited it.