Thread: Spending less than you make - it works
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Old 06-24-2009, 05:28 AM
am_vanquish am_vanquish is offline
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Quote:
Originally Posted by Inkstain82 View Post
Human beings aren't inherently rational, we have a lot of cognitive biases to overcome.

Here's a few that tend to get people in the most trouble financially:

Hyperbolic discounting - Wikipedia, the free encyclopedia
Loss aversion - Wikipedia, the free encyclopedia
Pseudocertainty effect - Wikipedia, the free encyclopedia
I found those links to be fascinating. Does anyone have any other fun sources for behavioral ecnomics or "prospect theory"?
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