Category Archives: satisficing vs optimizing

My Rules for Creating a Solid Financial Future

Yesterday’s (5/17/08) New York Times featured an article by Ron Lieber titiled, “Five Basics for Building a Solid Financial Future.”) This reminded me of other “summary rules” posts I’ve seen, most notably the two below: . After thinking … Continue reading

Posted in earning, investing, pragmatic vs symbolic, satisficing vs optimizing, spending | Leave a comment

You always want to try to get the best deal, right? NOT!

On the face of it, it sounds like trying to get the best deal is a good thing. Who wouldn’t want to get the best possible product for the least possible price? But economic theory and psychology research show that … Continue reading

Posted in economics, psychology, satisficing vs optimizing, spending | 5 Comments