Behavioral EconomicsExpense AccountLet's Talk MoneyMoney BoxMarch 31, 2020by Monika Halan0Opinion | How the gasman almost killed my gig
My #WFH lessons from 20 years ago. And how a gas man almost derailed my plans!
My #WFH lessons from 20 years ago. And how a gas man almost derailed my plans!
Personal income tax in India needs a reset push. Lower tax slabs, lower rates and middle India will let go of their exemptions and deductions.
If you have had the occasion to have economist and Nobel laureate Richard Thaler sign a book for you, it’s likely that you have one that says, “Nudge for good” or “Misbehave for good”. Nudge and Misbehaving are books written by Thaler. Nudge, written earlier than Misbehaving, is about tweaking the choice architecture so that people make better decisions. For example,...
How we deal with risk in our lives depends to a large extent on our growing up years.
If neoclassical economics hypothesis of informed consumers maximising utility lead to the buyer beware market place, behavioral econ with its irrational people who need nudges to do the right thing, leads straight to a seller beware world.
Adam Smith was read wrong. It is not market at any cost. But try telling that to tenured professors in the US universities who have sunk costs to protect.