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Last month, I posted an article titled “MBTI Types and Their Finances: What Do We Know.” This article described how an individual’s personality type (nature) contributes to their attitude towards personal finances. This theory emphasizes that the financial decisions we make are a result of our nature. But could they actually be a result ofContinue reading “Financial Decisions: Nature or Nurture?”

As a result of the Covid-19 pandemic, economic impact payments are being issued to Americans across the country per the CARE act (Hansen, 2020). In the past three weeks, some 17 million people have filed for unemployment benefits (Internal Revenue Service, 2020). The goal of the economic impact payments or stimulus checks is to lessenContinue reading “How Americans Are Spending Their Stimulus Checks and The Psychology Behind the Covid-19 Pandemic”

COVID-19 is a disease caused by a type of virus called a coronavirus (WebMD, 2020). A coronavirus is a common type of virus that can cause respiratory tract infections; however, most coronaviruses are not dangerous (WebMD, 2020). Following a December 2019 outbreak in Wuhan, China, the World Health Organization identified a new type of coronavirus. The newContinue reading “The Effects of The Covid-19 Pandemic- “Panic Buying””

Developed by Katherine Briggs and Isabel Myers, the Myers-Briggs Type Indicator (MBTI) is a self report questionnaire which characterizes an individual’s personality type through how they perceive the world and make decisions (The Myers-Briggs Foundation, 2014). The MBTI is based on the theories of Carl Jung. Jung speculated that people experience the world using fourContinue reading “MBTI Types and Their Finances: What Do We Know?”

In a sentence, the Icarus Paradox is a business phenomenon that describes why many businesses abruptly fail after years of success. The theory, coined by Danny Miller, derives its name and essence from Greek mythology; specifically, from the story of Icarus. In Greek mythology, Icarus, son of the master craftsmen Daedalus, escapes imprisonment with hisContinue reading “The Icarus Paradox and The Overconfidence Effect”