Psychology

Tweak Your Major, Transform Your Job Prospects

Unemployment among recent college grads is at 9.3% -- but not for every major. The good news is, you can follow your skills and passions and still find a job. The highest-unemployment majors are often related to options that use the same skills, but offer much better odds of a job.

Psychological Keys to Boosting Your Financial Willpower

Dr. Roy Baumeister is a research psychologist who has studied the science of self-control for many years. He's also co-author of the new book "Willpower." We asked him how you can boost your willpower when facing financial temptations and decisions. Here are his secrets.

How Much Risk Should You Take in Your Portfolio?

Determining your risk tolerance before you invest is a lot like choosing a delivery plan for the birth of your child. When the contractions start, even the best-laid plans can go right out the window, because it's impossible to predict how you'll feel watching a chunk of your savings evaporate until it happens.

Do 'Famous' and 'Best' Make Us More Likely to Buy?

It's fair to say that lots of companies exaggerate the excellence of their products, but do consumers buy the hype? Do we actually eat at restaurants because they say they're "famous" or patronize a business because it has "the best" on the sign?

Investing Made Simple: More Options for Small Investors

When it comes to investing your hard-earned cash, today's marketplace offers more options than ever for small investors. But the key to success lies in sticking to a few basic principles -- and avoiding the irrational behaviors that plague our financial lives.

A Bad Job Is Worse for Mental Health Than No Job at All

We all know the psychological impacts of job loss and unemployment can be painful. But a new study reveals something that may surprise some victims of this recession: Having a bad job can be as harmful to your mental health as no job at all -- in fact, it can be even worse.

Five 'Impractical' Majors That Might Make You Rich

There aren't many surprises on the lists of which college majors tend to yield the lowest salaries. But what matters more than your major is what you do with your degree after you graduate. These courses of study may do poorly on average, but the skills they teach could turn you into a big winner.

Investors, Scared and Afraid, Remain on the Sidelines

David Henderson was on the floor of the NYSE on Thursday and Friday as the market tanked. He says that investors remain "scared, afraid and sitting on their hands" and warns that the psychology of the market is changing.

Books@Daily Finance: Balancing Reason and Emotion in Business

Question: What do undergraduates who virtuously hold back from eating a pile of cookies and comptrollers who can't get employees to meet expense-report deadlines have in common? Answer: They're tired. Authors Chip Heath and Dan Heath explain in Switch: How to Change Things When Change Is Hard

When economic stress proves too much

The reported suicide of acting Freddie Mac (FRE) Chief Financial Officer David Kellermann puts a human face on the damage the recession has taken on...

A free Kiss beats a truffle

Valentine's Day is a long three months away, but what would you rather have: the American classic Hershey's Kiss or the Swedish treat, a Lindt...

8 Ways to Sabotage Your Success

Ever know someone who "has it all," then throws it away by doing something stupid or worse--something fatal? The most well-known examples are...

NJ may be the most stressed state

We New Jersey residents are awfully proud of leading the country in car insurance rates, property taxes and political corruption. Now no less of an...