Comments on: More mental accounting forms: the “endowment effect” and “nudge theory”

By: J. Money

J. Money — Wed, 03 Apr 2019 10:45:40 +0000

In reply to Kate. Oooooh thank you!!! That sounds like a fantastic listen!

By: Kate

Kate — Wed, 03 Apr 2019 10:17:10 +0000

Oh! I love this guy! I heard him on the Freakonomics podcast and could never remember the expression “mental accounting” to read more about it. Thanks!

Here is the podcast:
http://freakonomics.com/podcast/richard-thaler/
People Aren’t Dumb. The World Is Hard. (Ep. 340)

By: J. Money

J. Money — Fri, 29 Mar 2019 18:03:04 +0000

In reply to Chadnudj.

Woww that is cool! Love seeing all the applications with it!

And yes to that book too – been on my list for a while and then keep forgetting about it… I think its time to finally scoop it up from the library :)

By: J. Money

J. Money — Fri, 29 Mar 2019 17:54:49 +0000

In reply to Your Money Blueprint. Haha... I like the way you think ;)

By: Chadnudj

Chadnudj — Fri, 29 Mar 2019 14:15:14 +0000

In reply to Chadnudj. I also will absolutely recommend Thaler/Susstein's book Nudge, if you're into this sort of stuff....great insight into easy ways to improve our world by turning human inertia/laziness/misperceptions to a socially optimal advantage.

By: Chadnudj

Chadnudj — Fri, 29 Mar 2019 14:10:43 +0000

As someone familiar with Chicago (at least from some pics on your site), you’ll appreciate the great example of the nudge effect on Lake Shore Drive and Oak Street, where the lines on the curve (designed to get you to slow down) are not evenly spaced but instead are put at increasingly closer distances as you approach the curve to give you the illusion of going faster (so you thus slow down even more):
https://nudges.wordpress.com/tag/traffic/

By: Your Money Blueprint

Your Money Blueprint — Fri, 29 Mar 2019 07:46:42 +0000

In reply to J. Money. The nudge theory - email subscribers to eliteedgemoney.com :)

By: J. Money

J. Money — Thu, 28 Mar 2019 18:51:48 +0000

In reply to Becky. That emergency fund thing is totally real!!! Even us $$ bloggers have a hard time spending it because it just looks so nice and pretty sitting there finally after years of building it up!! Who wants to spend any of it and have to re-fill again?? ;)

By: J. Money

J. Money — Thu, 28 Mar 2019 18:46:47 +0000

In reply to Dana. YES IT WILL!!! That's awesome they're doing that!! :)

By: J. Money

J. Money — Thu, 28 Mar 2019 18:45:05 +0000

In reply to Erica.

HEYYY COOL!!!

On both your neighbor’s retirement and you finally stopping by to say hi to me :)

Hello! *Waves*