Archive for August, 2007
Thursday, August 30th, 2007
Suppose you need $100 to pay a tab at a cash-only bar and your friends are gone. Which of the following options would you choose to get cash?
(a) Withdraw money from the nearest ATM, which is not owned by your bank ($3 fee from your bank, $3 fee ...
Posted in Banks, Motivation | 7 Comments »
Tuesday, August 28th, 2007
Every Tuesday is a Game Theory article at Mind Your Decisions.
This week’s game theory post is motivated by a question from loyal reader JoeP about pricing strategies. If you have a question about personal finances or game theory, feel free to send me a line. Here is what JoeP wrote:
...
Posted in Business, Game Theory | 12 Comments »
Monday, August 27th, 2007
I believe many financial misconceptions arise from poor writing.
The SEC shares this view and in 1994, Arthur Levitt, the SEC Chairman, talked to the National Press Club about the SEC’s campaign for consumer education.
He gave one example of how financial prospectuses are difficult to understand. Here is a passage from ...
Posted in Tangents | 4 Comments »
Friday, August 24th, 2007
In the discussion that followed my book reaction to The No Asshole Rule, one reader commented that he was implementing a personal "no asshole policy" to remove jerks from his life. I fully support the move, but I have an unresolved question: is it possible to remove assholes from your ...
Posted in Books | 4 Comments »
Thursday, August 23rd, 2007
At a bar, I once saw three people at a table receive separate checks, and amazingly, each of them paid in a different method. The first person threw down cash, the second a debit card, and the third a credit card. It got me thinking about why people pay in ...
Posted in Credit Cards | 7 Comments »
