Posts tagged as:

economics

Let’s face it: almost everyone goes through a financial crisis at some point or another, and finding ways to deal with such situations is essential if you want to come out unscathed. If you have ever wanted to know what to do in the event of a financial emergency – whether it is due to [...]

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The Endowment Effect

The Endowment Effect

by Roman on June 26, 2008

According to the dominant economic theory all decisions made by humans are rational. Humans are looked as beings who make rational decisions in order to maximize their wealth. Scientists even have a name for it – Homo economicus. The problem with Homo economicus is that it is the cornerstone in almost all modern theories that [...]

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