Second Language Translates Into Clearer Thinking
New research finds people make more rational financial decisions when they consider their options using their second language.
By Tom Jacobs
April 24, 2012
A research team led by psychologist Boaz Keysar reports using one’s second language reduces or eliminates certain biases that otherwise infiltrate our decision-making. Specifically, our aversion to potential loss — a bias that can lead us to pass up promising opportunities for potential gains — diminishes as we ponder options in a language learned later in life.
“People who routinely make decisions in a foreign language rather than their native tongue might be less biased in their savings, investment, and retirement decisions,” the researchers write in the journal Psychological Science. “Over a long time horizon, this might very well be beneficial.”
Read the full article at http://www.psmag.com/education/second-language-translates-into-clearer-thinking-41740
Read a related article at http://www.wired.com/wiredscience/2012/04/language-and-bias
Access the original article at http://pss.sagepub.com/content/early/2012/04/18/0956797611432178