Consumers display an expense prediction bias in which they underpredict their future spending. The authors propose this bias occurs in large part because: 1) consumers base their predictions on typical expenses that come to mind easily during prediction, 2) taken together, typical expenses lead to a prediction near the mode of a consumer’s expense distribution rather than the mean, and 3) expenses display positive skew with mode < mean. Accordingly, the authors also propose that prompting consumers to consider reasons why their expenses might be different than usual increases predictions – and therefore prediction accuracy – by bringing atypical expenses to mind. Ten studies ( N = 6,044) provide support for this account of the bias and the “atypical intervention” developed to neutralize it.

In working to build a better, more just future, post-secondary institutions play a crucial role in shaping the students of today and tomorrow. Many institutions already employ a number of innovative programs aimed at broadening students’ horizons. We can now look forward to seeing these initiatives grow. As students, we outline our views on some of the challenges and possible avenues for change in post-secondary education. Efforts to strengthen student leadership, optimize experiential learning, and develop a more holistic educational approach are important. Current challenges to post-secondary education lie within aspects of accessibility, funding, relationship disconnect, and segregated educational approaches. Strengths and challenges encountered within post-secondary education can frame learning boundaries to be deconstructive or constructive. Both boundary modalities can play important roles in designing the future of post-secondary education in Canada.

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