“”But that’s rational!” spluttered one venerable journalist, when I told him about this. Well, yes–it seems so, doesn’t it?”
An extract from my debate with Dan “Predictably Irrational” Ariely. It’s the first debate to be hosted by Amazon’s “Omnivoracious” Blog - check it out.
I often share a taxi home with friends, and wonder how best to split the bill. When dropping a friend off first, I have received contributions varying from nothing to the full fare. If I get out first, what should I pay? As a woman with a large collection of frivolous shoes, walking home is a last resort.
Frances, Brussels
Last week I mused about whether people in general were saving enough for retirement. (The answer: as far as we can tell, most people are.) This week I have decided to take on a far more important question: am I saving enough for retirement?
Apparently this activity is called “retirement planning”, which strikes me as a silly phrase given the imponderables involved.
Saving for retirement is usually posed as a problem of willpower: foolish, impatient people save too little and doom themselves to an old age devoid of Caribbean cruises. The real problem is not lack of willpower but lack of omniscience...
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