BROADCASTS.com

As much as humans think they\u2019re objective beings whose every decision emerges from cold logical calculation, we\u2019re just\xa0irrational, emotional animals. That\u2019s\xa0why stories and anecdotes are more convincing than facts, why people fear losing money twice as much as they enjoy making it, and why the guy making $100k per year feels poor if his neighbors make twice that. This kind of phenomenon is best explained by behavioral economics, a method of economic inquiry that uses psychological, emotional, cognitive, and social factors to explain why we make the often-irrational financial choices we do. And it has some interesting applications for health\u2026

(This Mark's Daily Apple article was written by Mark Sisson, and is narrated by Tina Leaman)