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Prescriptions for Precarity: Highlights from EMERGE

Financial wellness is a trending priority among business managers, policy makers, financial institutions, consultancies, entrepreneurs and, not least, consumers themselves. In fact, we created Decision Fish to build scalable tools that help people achieve financial wellness.  What really is financial wellness, and how are the parties above working to promote it in the US (and Canada)? … Continue reading Prescriptions for Precarity: Highlights from EMERGE

My Super-Simple Retirement Investment Strategy

A 29-year old friend of mine asked me recently, “How do I get started investing for retirement?”* Since I prefer education and coaching to “advice”, here’s what I told him. For me, investments should be simple, cheap and take only smart risks. There are more than 9,000 mutual funds out there. How do I choose one? … Continue reading My Super-Simple Retirement Investment Strategy

Making Change Stick

No matter how compelling a new change is, it’s tough to override the brain’s natural resistance to new behaviors. Fortunately, there is hope. The SAGE Question Framework uses knowledge about habit formation to help you plan and execute your change in a way that will stick. Continue reading Making Change Stick

Nudges: For Your Own Good?

What do classical music in the train station, binge-inducing pre-loaded TV show episodes in Netflix, and those “I voted stickers” you get after voting have in common? Read our latest article, “Nudges: For Your Own Good?” about how government and businesses “nudge” your behavior for your own good…or maybe not (5 minute read). Continue reading Nudges: For Your Own Good?

Objective: Decision

In short an objective decision is a just and fair one, supported by verifiable facts, with which rational and informed people will tend to agree. That said, subjectivity has its place. It’s up to us to determine mindfully the degree of objectivity is required in each case. Continue reading Objective: Decision

Taking the Red Pill: Into the Decision Matrix

Do you want a simple and easy tool for making an important decision? The simplest “tool” is a heuristic. A short-cut like “take the default” or “do what everyone else is doing” may be fine for selecting a restaurant entrée or route to the grocery store. But what about more important decisions like taking a … Continue reading Taking the Red Pill: Into the Decision Matrix

Help Millennials Make Better Financial Decisions

On January 31st, Decision Fish led a lively session on how to Help Millennials Make Better Financial Decisions as part of Impact Hub NYC’s 100 Days of Impact program. 100 Days of Impact is a community program to find out what we can do as a community to address concerns and make an impact. Continue reading Help Millennials Make Better Financial Decisions

The Roots of Decision Making: Decision Trees

I’ve learned (and re-learned) a lot from tutoring middle-schoolers in math at Top Honors.1 For example, if a math problem is too hard to solve in your head, I counsel my student to draw a picture. That’s one of the best features of decision trees: it allows you to draw a roadmap for complicated, multi-stage … Continue reading The Roots of Decision Making: Decision Trees

How to Decide…How to Help People Decide

Think back to the last time you had to make a hard, important decision. Were you picking an asset allocation for your 401k, selecting a health insurance plan or deciding whether it was time to refinance your mortgage? What kind of help did you seek and what kind of help was available? Were you confident … Continue reading How to Decide…How to Help People Decide

Health Insurance Enrollment: A Superhuman Decision

Open enrollment for health insurance began November 16 and the decision isn’t any easier than last year. On the contrary, not only are premiums higher and benefits lower, there’s greater uncertainty about the future of the Obama health care act. On a cold, cloudy Sunday afternoon, I analyzed my health insurance choices.  Our choices and … Continue reading Health Insurance Enrollment: A Superhuman Decision