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A Life on Purpose, Blog

Nobel-Prize Winning Economists Share 4 Ways to Set Yourself Up for Success

11/10/2017

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You may not know him, but the latest Nobel Prize winner knows a lot about your relationship with money. Professor Richard Thaler, author of the best-selling book “Nudge,” was awarded the prize in October for his contributions to the field of behavioral economics—essentially, the study of how and why we make real-life financial decisions.

A lot of behavioral economists’ research centers around the fact that we’re pretty much hard-wired to go against sound economic reasoning and to make a big mess of our finances. But we’re not doomed to failure. We can use what they’ve learned about how our brains work—for and against us—to set ourselves up for success.

Here are four ways Nobel Prize winners say we can do just that.

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  • Home
    • Why Launchpad ?
    • Who is Launchpad For?
    • What are the Benefits?
    • How do we launch? >
      • Launchpad Lite®
      • Launchpad ® Immersion Weekends
    • Who are we?
    • Vision and Mission
    • Mentoring Specialists
    • What Do We Mean by Values?
  • Details
    • Parent/Family Mentoring
    • The Outcome
    • Investment
    • Admissions Process
  • Participant Profile
    • The Challenges Families Face
  • Resources
    • Videos
    • News & Events
    • Inspirational Words
    • Awesome Books
    • More Awesome Books
    • Apps
    • Top Online Courses
    • Collaboration
    • Consulting Services
    • Disclaimer
  • Contact
  • Blog
  • Products for Sale