Pragma Synesi – interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

Irrational Valuations

How much is it worth? Forget rationality, your answer may depend on the last number you have heard. From Advisor’s Edge, April 2012:

Irrational valuations

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April 23, 2012 Posted by | behaviour, economics | , , , | Leave a comment

How ‘minimum payments’ screw you

You could write a book on the myriads of subtle ways credit card companies extract every penny they can get from you, but this is a new one for me: people who wanted to pay part of their balance paid less when a minimum payment was shown on their statement. From The Economist print edition:

Credit cards

A nudge in the wrong direction

Dec 11th 2008

Minimum-payment requirements may be counterproductive

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May 24, 2009 Posted by | behaviour, decision making, economics, psychology | , , | Leave a comment