13 days ago by Rags Srinivasan

Homeownership – the American Dream. The one that contributed significantly to the Great Recession and is still responsible for the slow recovery we are seeing. There is some change in this love to own a home, among some demographics, but not much to call it a shift. To explain why we still prefer bu ...

Iterative Path - iterativepath.wordpress.com · 34 references

117 days ago by chadschomber

A couple of things I remember from economics in college — Sunk cost & opportunity cost. And I’m using these two concepts to help me evaluate if I should quit Twitter from a monetary perspective. Bare with me as I do some math. The amount of money a company/person is willing to pay me for my knowledg ...

Untitled blog - chadschomber.wordpress.com · 16 references

122 days ago by Zenu

Cică într-o zi ca ziua de azi, cică un genovez pre nume Cristobal (aka Cristofor) a descoperit cică o Indie. Nu era India aia, da ce contează?! Nu era Columb descoperitorul, căci ca să ne limităm la europeni doar şi tot a fost unul roşcat care i-o tăiase pe dinainte cu juma de mileniu mai devreme. E ...

Madrizen - madrizen.com · Rank: 48,279 · 18 references

123 days ago by Bri Williams

I walked away. Her best offer was $16.50 a week for gym membership, better than the $18 I was already spending as a casual member, and yet I turned down the offer. Why? Pricing psychology is such an important part of every business and behavioural economics can go along way towards understanding why ...

People Patterns - bri-williams.blogspot.com · 2 references

128 days ago by Ross Kaplan

Recognizing “Sunk Costs” I certainly don’t do it often, but every couple years or so I find it necessary to “fire” a Buyer I’ve been working with. Or shall I say “ non-Buyer.” While the specifics can and do vary, the root cause is invariably the same: lack of motivation. Once you’re honest with your ...

City Lakes Real Estate Blog - rosskaplan.com

145 days ago by Bri Williams

An article on the gender difference in booze buying behaviour grabbed my attention the other week. "Cheap Booze for him" headlined a story about some Roy Morgan research that identified that blokes were driven by bargains, whereas women sought helpful customer service ("Cheap Booze for him" by Inga ...

People Patterns - bri-williams.blogspot.com · 2 references

156 days ago by jason roy

Whether or not you should weigh past expenditures in your judgment depends on the question you want to answer. Sometimes you should ignore sunk costs, like when deciding whether to continue playing Farmville ( link): The urge to stay the course and keep your farm flourishing gets more powerful the m ...

N=1 - neq1.wordpress.com · 2 references

165 days ago by Travis Wilson

I immediately rebuked myself after I pressed the button for the elevator to take me to my sixth floor office. "You dummy!" I said to myself, "you said you wanted to take the stairs this week!" But it was too late: the elevator had been called. So I had a choice in front of me: to do what I had origi ...

The Daily Leap - thedailyleap.blogspot.com · Rank: 147,469 · 2 references

199 days ago by tom acox

I was out last week with a friend who put a card down at the bar to start a tab. After about an hour she decided she was ready to leave. However, she had only ordered one beer and had not reached the $10 minimum the bar requires to run a card. There was a generic ATM in the bar that charged a $1.99 ...

the unqualified economist - theunqualifiedeconomist.com · 3 references

200 days ago by Ian

A couple of months ago, I was particularly scathing about the crop of Facebook games that I was playing, particularly ones that had no end. The result? I no longer play any games on Facebook whatsoever. As I bemoaned at length, not one of them was adding to my life in any appreciable way. I wonder i ...

Only Dreaming - onlydreaming.net · Rank: 150,288 · 6 references