Where the real ghetto dogs come to maximize.
AKA “When non-economists try to maximize”.
I liked this:
What is rational behavior, anyway? In economic terms, Mr. Ariely said, “rational would mean that you take all possible information into account and you make the optimal decision. But I have a more relaxed definition, which is that rational decisions are those you make and don’t regret later.” […]
What do you think, Beef?
The logical way to fight generational risk is to borrow money to make large, regular investments in stocks while young, then use a proportion of later savings to pay back the loan rather than to pile into the stock market in middle age. That sounds risky, but it is, in fact, […]
But even Costco was forced to rein in its no-questions-asked policy a year ago because so many people were returning televisions, computers and big-ticket electronics. The problem was that prices were dropping for these items, and a year-old TV was worth only a fraction of what it was sold for. The chain was racking up […]
