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A collection of 3 posts
E-con? Economics and Irrationality
behavioural economics

E-con? Economics and Irrationality

I was working, alone and bored, on a pretty quiet Thursday last week. As anyone familiar with behavioural economics would know, there isn’t much of an incentive for me to work harder than adequate if I’m being paid hourly. My boss knows this, and he knows he’s
Apr 6, 2015 3 min read
Banking on luck: are prize-linked bank accounts the perfect product for non-savers?
bank

Banking on luck: are prize-linked bank accounts the perfect product for non-savers?

If you needed $2,000 in a week, would you have enough savings? This scenario could easily become reality.  For example, an emergency ambulance or a family’s flights, say for a funeral, could cost more. Yet according to the BT Financial Health Index, about a third of Australian households
Mar 19, 2014 4 min read
Prospect Theory: Lotteries that Save Money
economics

Prospect Theory: Lotteries that Save Money

Every now and then, the media makes a big deal out of winning the lottery. When the prize pool billows into something incredible, attention is turned to who the next multi-millionaire will be. Do these stories make you dream of living a life in the lap of luxury?Many see
May 27, 2012 4 min read
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