Shopping and Debt
Research
Olson, Jenny and Scott Rick, “Managing Debt and Managing Each Other: The Interpersonal Dynamics of Shared Financial Decisions”
Madrian, Brigitte, Hal Hershfield, Abigail Sussman, Saurabh Bhargava, Jeremy Burke, Scott Huettel, Julian Jamison, Eric Johnson, John Lynch, Stephan Meier, Scott Rick, and Suzanne Shu (2017), “Behaviorally Informed Policies for Household Financial Decision-Making,” Behavioral Science & Policy, 3 (1), 27-40.
Rick, Scott, Beatriz Pereira, and Katherine Burson (2014), “The Benefits of Retail Therapy: Making Purchase Decisions Reduces Residual Sadness,” Journal of Consumer Psychology, 24 (3), 373-380.
Amar, Moty, Dan Ariely, Shahar Ayal, Cynthia Cryder, and Scott Rick (2011), “Winning the Battle but Losing the War: The Psychology of Debt Management,” Journal of Marketing Research, 48 (Special Issue), S38-S50.
Knutson, Brian, Scott Rick, Elliott Wimmer, Drazen Prelec, and George Loewenstein (2007), “Neural Predictors of Purchases,” Neuron, 53, 147-156.
Press
Taking It to the Limit: What Happens When You’re Addicted to Overspending?
Marie Claire
Cash Culture: The History (And Future?) Of Our Love For Paper Currency
WNPR
Credit card or debit card? If you’re trying to save money, make sure you know the difference
WXYZ Detroit
Experts reveal the science behind why it’s so hard to only buy one thing at Target
WXYZ Detroit
#UmichChat Recap: Personal Finance and Debt Management
University of Michigan
Everyone Wants Credit Card Rewards. But What Do They Really Cost You?
The Penny Hoarder
How minimalist millennials are going to extremes to save money
Today
Here’s the trick that fast fashion plays on your brain—and the ugly consequences
Quartz
As our homes get smarter ‘it could become incredibly easy to spend money’
Financial Post
Will Grieving Hillary Clinton Supporters Spend More This Holiday Season?
Chicago Tribune
This Is How Walmart Should Design Its New Website (According to Science)
Inc.
Why Consumers Make Bad Decisions—And How Policy Makers Can Help
Chicago Booth Review
What We Think about When We Think about Gas Prices
Marketplace
The Best Way to Go Shopping: With a Smile
The Atlantic
Are We Hard-Wired to Look for those Black Friday Deals?
Michigan Radio
UM Researchers Say ‘Retail Therapy’ Actually Helps Combat Sadness
Michigan Radio
When You’re Depressed, Stuffing Yourself or Buying Something Makes You Happier
Forbes
Shop ‘Til You Drop: Retail Therapy Works
CNBC
Retail Therapy Could Boost Your Mood
The Consumerist
Why Shopping Can Be Good for Your Health
U.S. News & World Report
Say Buy Buy To The Blues
The Independent
Shopping Makes You Happy. It’s Science
Jezebel
New Study Proves That Yes, You Should Buy That Sofa
Elle Decor
Retail Therapy Is Real: Shopping Makes People Happier, Says Science
Glamour
Shopping Can Make You Less Sad – But There’s A Catch
Refinery29
Shopping To Be Happy? Study Finds It Can Actually Reduce Sadness
Huffington Post
Here Is a Study That Defends Retail Therapy, Unintentionally Echoing Clueless
New York Magazine
Feel-Good Shopping: Retail Therapy Can Have Benefits in Small Doses
The Denver Post
5 Reasons Not To Shop
Refinery29
5 Times You Should Never Go Shopping
Women’s Health Magazine
Can You Really Shop Your Way To Happiness?
Huffington Post
5 Ways to Stop Shopping Right Now
Time
5 Ways to Combat an Online Shopping Addiction
U.S. News & World Report
Where Did Your Shopping Trip Take You?
CBC Radio
Why Does Shopping Feel So Good?
BBC
Shopping Urges ‘Spotted in Brain’
BBC
This Is Your Brain On Shopping
Scientific American
Shop till your Dopamine Drops
The Economist
The Brain: Marketing to Your Mind
Time
Marketing Traps You Should Avoid
Men’s Health
The Neuroscience of Groupon
Wired
Why Black Friday Is a Behavioral Economist’s Nightmare
New York Magazine
How Apple Pay Gets People to Part With More of Their Money
The Atlantic
The End of Cash, Will it Make Spending Zombies of Us All?
Financial Post
Consumer Culture Has Found its Perfect Match
Quartz
This Is What Your Brain Looks Like on a Shopping Spree
Nightline
What’s Better, Sex or Shopping?
MTV
People Make Mistakes When Paying Cards
Financial Security Project at Boston College
Actually, Paying Off Your Smallest Debt First Is A Bad Idea
Business Insider
A Better Way To Pay Off Debts
Time
Why Capping Credit-Card Rates Won’t Help Consumers
MarketWatch
If You Resolve to Pay Off Credit Cards This Year, Do It Right
Baltimore Sun
Why Your Credit-Card Debt Won’t Die
Kiplinger
The Prophet
Pacific Standard
Make Unpleasant Experiences Go By Faster
Chicago Booth Review
The Neurological Pleasures of Fast Fashion
The Atlantic
Millennial Money: Use post-holiday sales to treat yourself
Associated Press
Neuromarketing Could Make Mind Reading the Ad-Man’s Ultimate Tool
The Guardian
The Best Excuse for Hitting the Mall
Women’s Health Magazine
Why Spending a Thousand Bucks Can Make You Feel Like a Million
Bloomberg
Shopping for Things Brings Emotional Benefits
Harvard Business Review – The Daily Stat
When Your Brain Goes Shopping
Science NOW
This Is Your Brain On Shopping
Forbes
The Voices in My Head Say ‘Buy It!’ Why Argue? The New York Times
New York Times
Is My Brain Making Me Buy Things I Don’t Need?
TLC Family
Don’t Wait Till Tomorrow
Business Week
Interview with Jean Chatzky
Oprah & Friends Radio
Your Brain on Gucci
The Globe and Mail
High Price Makes Wine Taste Better
The Times
Consumer Confidence Index Up Third Straight Month
The Philadelphia Inquirer
Psychology of Consumption
Michigan Alumnus Magazine
Third Quarter Trend Report: Learning What Motivates Shoppers
Advertising Age
Surprising Ways to Boost Your Finances
Yahoo! Finance
Should You Tackle Your Small or Large Debts First?
The Globe and Mail
Why We Make the Financially Wrong Choice When Paying Off Debts
FOX Business
Feeling Blue? Go Buy Some Stuff
Harvard Business Review Morning Advantage
Neuromarketing Careers
Science