Comments on: Behavioral economics question of the day http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Michael Martin http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3907 Thu, 09 Jul 2009 02:59:11 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3907 Don’t buy lottery tickets…and don’t play roulette. Like the lottery, it’s a game of negative expectation

http://www.huffingtonpost.com/michael-ma rtin/broke-the-new-american-dr_b_225806. html

http://martinkronicle.com/2009/07/04/bro ke-the-new-american-dream/

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By: ac http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3898 Wed, 08 Jul 2009 22:06:29 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3898 is it too late to buy yen?

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By: daniel http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3897 Wed, 08 Jul 2009 21:11:34 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3897 go to a casino and do a martingale strategy for up to 5 spins.

30 black/red
60 black/ red
120 black/red
240 black/red
480 black/red

if you hit on any of these you will be up $30 which is a 3% return..

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By: Drewbie http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3893 Wed, 08 Jul 2009 20:48:25 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3893 Don’t bother putting it in a savings account, unless you get bi-monthly interest. Otherwise, it’ll actually cost you money. Interest isn’t figured by the start to finish balance, only on the initial balance, minus any withdrawls. Any deposits recieve no interest. So, if you have $100 in your account, deposit $50, then withdraw $50, you’ll only recieve interest on the $50 that was there “the whole time.”

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By: Gram http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3892 Wed, 08 Jul 2009 20:42:57 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3892 good post, they did a follow up story on this at http://www.darkpooltraders.com

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By: Ignacio http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3891 Wed, 08 Jul 2009 20:37:55 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3891 Dear Sir:

Use your money to help me pay for some administrative fees to release one million dollars that are deposited in a Nigerian bank, which used to be owned by a recently deceased former dictator. In reward for your assistance, I will give you 30% of the funds released prior to the date your credit card bill is due.

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By: ThatSueAgain http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3889 Wed, 08 Jul 2009 19:56:53 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3889 Either make the payment to the credit card early or put it in your savings account where your earnings already go (you do that don’t you?) to earn interest while it waits, and draw it out when the statement arrives. If you really need help with this arduous concept, think of it like that second job you worked to make the extra $ for that big bill you have coming. I don’t see the temptation to spend it, that would be like an irresponsible teenager. I may have to consider whether I want to read an irresponsible teenager’s blog ;)

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By: Matthew K http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3887 Wed, 08 Jul 2009 19:18:51 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3887 Give it to your wife.

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By: Matt http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3886 Wed, 08 Jul 2009 18:40:05 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3886 Just put something in your shopping cart at your favorite online store, and leave it there until the bill is paid. Window shopping in this manner can be very satisfying.

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By: Tony NSW http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/comment-page-1/#comment-3884 Wed, 08 Jul 2009 18:22:23 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/behavioral-economics-question-of-the-day/#comment-3884 Good morning Felix, sit on the couch and relax.

I think you are suffering “from cash out phobia”. There is no need to panic or feel overly guilty as most US consumers (and pollies) have the condition.

Lets use ‘reverse opperant conditioning’ here, print your penpal monthly statement on A3 paper and stick a copy on the back of the toilt door and other strategic locations.

Soon your anxiety will abate.

(Felix) Thanks Doc.

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