Personal Finance
Your Ability to Spot Financial Bullshit Predicts your Financial Well-being
By Taking Care Of My Own Business  โ€ข  July 17, 2022
At least so say the psychology & economics researchers behind the paper: ๐™„๐™ฃ๐™™๐™ž๐™ซ๐™ž๐™™๐™ช๐™–๐™ก ๐˜ฟ๐™ž๐™›๐™›๐™š๐™ง๐™š๐™ฃ๐™˜๐™š๐™จ ๐™ž๐™ฃ ๐™Ž๐™ช๐™จ๐™˜๐™š๐™ฅ๐™ฉ๐™ž๐™—๐™ž๐™ก๐™ž๐™ฉ๐™ฎ ๐™ฉ๐™ค ๐™๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐˜ฝ๐™ช๐™ก๐™ก๐™จ๐™๐™ž๐™ฉ. The researchers claim that young, higher-income males are particularly susceptible to BS. These individuals tend to be overconfident about their level of financial competence, too.ย (what a surprise) The study concludes most people can smell bullshit to some degree. Females were typically more bullshit aware than males. And surprisingly, lower-income subjects had a better BS-sense than higher-income people. The studyโ€™s authors commented: โ€œIt seems reasonable to believe that as income rise[s] consumers become LESS vigilant when it comes to financial matters and therefore LESS alert when it comes to be[ing] affected by impressive financial language.โ€ ๐—ง๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฎ๐—ฟ๐—ฒ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜„๐—ต๐—ผ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฟ๐—ถ๐—ฐ๐—ต โ€“ ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐˜€๐—ธ, ๐˜๐—ต๐—ฒ ๐˜€๐—ฎ๐—ฐ๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฒ, ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ฒ๐—น๐—ฎ๐˜†๐—ฒ๐—ฑ ๐—ด๐—ฟ๐—ฎ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ฎ๐—ฟ๐˜† ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐˜‚๐—บ๐˜‚๐—น๐—ฎ๐˜๐—ฒ ๐˜€๐˜‚๐—ฐ๐—ต ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต. hmm so tempting But not you & I Because โ€ฆ
  • We both know that if something sounds too good
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By Taking Care Of My Own Business
Why you should be Taking Care Of Your Own Business or why you should Tacomob. Hi, my name is Andy.Andreas G. Schmidt (aka Andy) What motivated me to create this website? Well, sometimes, one can observe a lot by watching ...
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