Dan Ariely provides an example of bank doing the right thing.
“… there is a concept in economics called The Paradox of Thrift. It’s the idea that when everyone in an economy saves money, all at the same time, it can actually result in a loss of savings. If no one’s spending, then no one’s earning either.” This was a real “ah ha!” moment for me […]
I just finished listening to CBC: The Invisible Hand, Episode 10 – Homo Economicus 2.0. The gist of the podcast was discussing the idea of economists modelling human behaviour in the marketplace via a sort of wire frame person acting its own self interest dubbed “Homo Economicus“. In recent years, an attempt has been made […]