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Prof. James Choi's paper "Popular Personal Financial Advice Versus the Professors"

Prof. James Choi read 50 bestselling personal finance books, compared their advice to normative principles derived from economic theory, and published the results in a new paper. The Atlantic's Derek Thompson concludes from Prof. Choi's findings, "Those who spend a lifetime delaying gratification may one day find themselves rich in savings but poor in memories."
The Atlantic: All the Personal-Finance Book Are Wrong

A new working paper by James Choi, a professor of finance at the Yale School of Management, explores how popular personal finance advice — like the directive to save early and consistently — compares to academic research by economists.
Money: Economists Confirm It's Actually OK to Not Save Money in Your 20s.

Related: Read Prof. Choi's paper Popular Personal Financial Advice Versus the Professors