This is the 10th article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

Like it or not, many industries are resistant to change. After all, most people don’t like change, either. The status quo works well (or at least well enough), and the perceived dangers of trying to ...

Change tends to be difficult. This is true whether the change in question is something as personal as a New Year's resolution or as impersonal as updating a business procedure or law. Nevertheless, it ...

I recently read a piece by Miller and Fillat (2023) discussing issues inherent in the “Do Something Syndrome” as it relates to politicians and policymaking. Though the Do Something Syndrome sounds ...

In a recent publication, the authors—a former senior military commander and a defense policy civilian—argued that America’s national security professionals are far too quick to dismiss escalation as a ...

At its core, job hugging means staying in a role even when it no longer feels like a great fit. The reasons vary. For some, it is financial security and for others, it is loyalty to a team or fear of ...

The business landscape of today leaves little room for companies to operate with a mindset anchored in the status quo. Simply put, companies cannot afford it. I've found that traditional status quo ...