Economics In Real Life

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Cognitive Biases. Or 5 of them.

After yesterday’s mammoth post (Number 900, and it was all about Big Business and Big Economics), I thought I’d share something more visual. Here it is: Happy Wednesday Rolling Alpha posts opinions on finance, economics, and the corporate life in general. Follow me on Twitter @RollingAlpha, and on Facebook at www.facebook.com/rollingalpha.

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The (Honest) Truth About Dishonesty

I’m a big Dan Ariely fan. I’m also running a bit short on time this morning. So in lieu of a longwinded post, I’d like to direct your attention to this youtube clip of Dan talking about one of his more recent books (and here is the link for the subscribers: RSA Animate – The Truth […]

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Psychopaths, Sociopaths, Economists?

Yesterday, I started talking about Ayn Rand. Specifically, I may have called her a psychopath. And I wanted to talk a bit more about that. What Makes A Psychopath*? *Psychopath and Sociopath are often used interchangeably – although sometimes, they are used to distinguish whether the source of the condition is nature (psychopathy) or nurture (sociopathy). […]

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The Economics of Online Dating: Go Fishing In A Supermarket

In my circles of twenty-somethings, the world of internet dating is still considered a last-ditch desperado attempt to find someone willing to put up with you and your weird obsession with fridge magnets and/or origami and/or whatever. There is stigma and judgment and sanctimonious holier-than-thou. Which I find confusing, because online-dating makes so much sense. […]

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Marriage with Accrual? As financially dirty as it sounds.

I’ve been asked to write something about the financial implications of marriage. Specifically: what it means to marry out of community of property with accrual. The general sentiment: Yay, we’re getting married! Even though this is forever, we’re not being silly about this. We know things can end sometimes. So we’ve kept the pre-nup simple. Just the […]

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Shopping: You’re Doing It Wrong

It’s Black Friday in America. And in some other places. On Monday, it will be Cyber Monday. The stores are already bedecked with their bargain and LOW PRICE and flashy “Only 2 per customer” signs. I have no doubt that the queuing has already begun. Here’s a fun fact: the reason it’s called “Black” Friday is because […]

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The Investor Sentiment Saga. And being part of the herd.

I found this: Which I feel ties in quite nicely to yesterday’s post. So the thing is: we know this. As in: everyone knows this. This is not new. It is not news. We’re generally aware of the fact that market bubbles are not the time to buy – because that’s when everyone is buying. […]

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Uber or drive?

When To Give Up Your Car And Uber Indefinitely…

South Africa also has a sharing economy - but at what point do you decide to embrace it and just uber everywhere instead of owing a car?

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The Economics of Spite, and Nose-Cutting

The origin of the phrase “cutting off your nose to spite your face” is (ironically) found in the lives of the saints. Specifically: ancient Christian nuns. And in particular: St Ebba the Younger of Coldingham. St Ebba was the abbess of a convent during the 9th Century, when England was frequently attacked by barbarians (Danish pirates AKA […]

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Why Do We Still Get Emails From Nigeria?

We’re all familiar with the Nigerian bank-employee/government-minister/lawyer that has found you on the internet and identified you as the long-lost only surviving relative of some poor deceased cocoa lord with an heirless fortune that you can claim, if you’ll just contact the sender on <prepaid cellphone number>. And pay a little something to secure your […]

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