Newsmakers

Meir Statman, Glenn Klimek Professor of Finance, was quoted in an article discussing how financial apps can influence a person’s ability to achieve their new year’s resolutions. With a financial stake, percentages show a promising correlation between finance and new year’s resolution achievements. Statman brings into consideration the point that with diet or exercise there is personal effort that needs to be made, but that financial resolutions only require set up.

An excerpt from the article:

The higher rate of successful new year’s resolutions for financial decisions may be tied to a symbiotic relationship between human psychology and financial technology. Specifically, willpower — or the lack thereof — can be taken out of the equation, said Meir Statman, a finance professor at Santa Clara University and author of “Finance for Normal People.”

Read the full article here

Learn more about Professor Meir Statman