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Behavioral Economics

A Fed First on Unemployment and Mental Health

The October 20, 2021, release of the Federal Reserve’s Beige Book revealed that the central bank is worried about American’s mental health, and with good...

The Psychology Behind Consumer Spending and Hedonic Adaptation

Consumer debt in the US reached $14.88 trillion in 2020, according to Experian’s consumer debt study. That is a $3 trillion increase in the past decade, and...