Joosr

A Joosr Guide to… Misbehaving by Richard Thaler

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  • jacknguyen8917has quoted8 years ago
    think very seriously about the consequences of losing
  • jacknguyen8917has quoted8 years ago
    that risk might put you much further in the hole.
  • jacknguyen8917has quoted8 years ago
    you might find yourself with a sunk cost on your hands.
  • jacknguyen8917has quoted8 years ago
    Before you decide to take advantage of a great deal, remember that it’s only a great deal if it is something you actually want or need
  • jacknguyen8917has quoted8 years ago
    The temptation is too much.
  • jacknguyen8917has quoted8 years ago
    People love a good deal so much that sometimes they buy things they don’t need
  • jacknguyen8917has quoted8 years ago
    Sunk costs are very difficult for people to accept and ignore
  • jacknguyen8917has quoted8 years ago
    your adult son moves off your phone plan and it saves you $20 a month, you don’t have to upgrade your data plan to keep that money in the phone budget. Put that money in savings, or do something fun instead.
  • jacknguyen8917has quoted8 years ago
    She chooses to buy a higher grade of fuel at a cost that is similar to what she paid for the regular grade before.
  • jacknguyen8917has quoted8 years ago
    the immediate enjoyment of smoking is too much for his willpower.
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