When facing a tough decision, it pays to trust your gut.
- A recent study examined the accuracy of predictions of soccer matches on a popular betting website.
- The users were allowed to revise their bets up until the match started.
- Surprisingly, the results revealed that the revised bets were much more likely to be incorrect.
It's not the act of buying but how you spend money that improves happiness and life satisfaction.
- To prove money can't buy happiness, people point to millionaires and lottery winners who ruined their lives.
- Psychological studies have shown that learning how to spend your money can improve overall happiness.
- We explore eight money-spending principles that research suggests can bolster life satisfaction.
Need to know how an election will turn out? Call your bookie.
- A new study finds that gamblers reacted more quickly to news on Brexit than currency traders.
- On the night of the referendum, gamblers and odds makers figured out what would happen hours before traders, experts, and the BBC.
- The results are bad news for the idea that markets are perfectly efficient.
Looking at the 2011 earthquake in Japan, researchers found that natural disasters make men — but not women — more fond of taking risks.
- The 2011 earthquake in Japan was among the most intense earthquakes to occur in recorded history.
- Thanks to regularly distributed surveys, however, it also became a unique research opportunity to compare civilians' behaviors from before the earthquake with their behavior after.
- Now, researchers have found data that suggests being exposed to a natural disaster tends to make men more prone to engage in risky behavior, like gambling and drinking, over the long term.
A study from May 2018 found that most lottery winners report greater life satisfaction over a long-term period.
- The study asked more than 3,000 lottery winners about their mental health, happiness and life satisfaction years after winning big cash prizes.
- Most winners reported greater life satisfaction, but less significant changes in mental health and happiness.
- The recent Mega Millions and Powerball jackpots could be different, however, given the sheer size of the prizes.