It's money, stupid.

[digitaldiscipline]

Economic Irrationality is, apparently, intrinsic.

Sorry, ikilled007, Mises is tilting at windmills, and not many folks are capable of overcoming millions of years' worth of evolved altruism.

[courtesy of jaylake's daily linkfest]

Comments

[the-siobhan.livejournal.com]

But if the cost of goods and services is the same in both cases than you have more buying power if you have more dollars, no matter what other people have.

Or am I misunderstanding what you mean by buying power?

[etcet.livejournal.com]

That's what I took it to mean, too, but we've got a lot of folks here who are going to drill down to secondary and tertiary effects and not be answering that question in a vacuum, which is probably how the researchers intended.

[the-siobhan.livejournal.com]

People are also very good at thinking up rational reasons after the fact for decisions that are initially based solely on emotional response.