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Latest Daniel C. Molden Stories

2011-02-08 23:25:41

It's a common problem in the business world"”throwing good money after bad. People cling to bad investments, hoping that more time, effort, and money will rescue their turkey of a project. A new study published in Psychological Science, a journal of the Association for Psychological Science, finds that changing people's mindsets can make them more likely to abandon a failing investment. "These situations happen all the time," says Assistant Professor Daniel C. Molden, of Northwestern...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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