Post No.: 0307 Furrywisepuppy says: Continuing from Post No.: 0163, people tend to feel more ‘pain of paying’ when paying by cash rather than by card, casino chips or credits, and so people tend to find it easier … Read More
Post No.: 0293 Fluffystealthkitten says: Spending is often extolled as the solution to getting out of any economic recession. It’s true that domestic spending will boost the domestic economy. But no one can spend or consume if they … Read More
Post No.: 0285 Furrywisepuppy says: Continuing on from Post No.: 0253 and the topic of how it’s easier to get richer if you’re already rich, whether one inherits one’s initial wealth or earns it… Anyone can become … Read More
Post No.: 0273 Furrywisepuppy says: Before entering into any major negotiation situation – always do some homework and preparation. Know firstly what it is that you really want – money isn’t always the only goal or the most … Read More
Post No.: 0253 Furrywisepuppy says: This continues on from Post No.: 0234 and the topic of how the rich get richer. I apologise again that it’s going to be more of an info dump than a neat post, … Read More
Post No.: 0234 Furrywisepuppy says: There’ll eventually be a series of posts on this topic about how the rich find it much easier to get even richer by virtue of already being rich; which is tightly related to … Read More
Post No.: 0197 Furrywisepuppy says: ‘Gamification’ is the application of game design elements and principles – such as points, badges and leaderboards – in non-traditional game contexts (e.g. to encourage individuals to be more physically active or engaged … Read More
Post No.: 0163 Furrywisepuppy says: The following is a selection of some of the peculiar irrationalities we exhibit when it comes to money. You might say it continues on from Post No.: 0020 about how people sometimes behave … Read More
Post No.: 0144 Furrywisepuppy says: Any number that you are asked or primed (either manipulatively by another party or unwittingly by yourself or anyone, and either consciously or unconsciously) to consider as a possible solution to an estimation … Read More
Post No.: 0133 Furrywisepuppy says: This post requires understanding what a ‘pie’ means in negotiation contexts, which has been explained in Post No.: 0124. If one creditor is owed £300 and another creditor is owed £100, but … Read More
Post No.: 0124 Furrywisepuppy says: In scenarios involving only two parties (as an example) – the ‘pie’ in negotiation contexts is the net combined benefit arising from the two parties reaching an agreement together, minus party A’s net … Read More
Post No.: 0107 Furrywisepuppy says: Most of us are generally unaware of what techniques and tricks are influencing us as consumers, leading to behaviours like buying frenzies during sales, cult-like followings towards certain brands, people purchasing things they … Read More
Post No.: 0065 Furrywisepuppy says: If you prefer x to y, then you should also prefer a z% chance to win x to a z% chance to win y. We can calculate the ‘expected value’ or ‘expected utility’ … Read More
Post No.: 0036 Fluffystealthkitten says: If you don’t have the faintest idea how something is made or what really goes into making and marketing it then you can end up paying way over the odds when you come … Read More
Post No.: 0020 Furrywisepuppy says: The word ‘free’ seems to have a very special attractive meaning to people when they see it. We should really value the cost as €0 (or whatever currency) rather than nothing because not … Read More
Post No.: 0011 Furrywisepuppy says: $1 saved is rationally just as valuable as $1 earned. But for most people it’s far faster to save money when trying to purchase something (or often to challenge for a refund or … Read More
