Five minutes fast

Dear Economist, I have the habit of setting my watch five minutes fast. This fools me into avoiding being three minutes late for meetings, or the train – well, more often than not – and instead being two minutes early. But if I am a rational economic agent, how do I...

January Dues – Undercover Economist

January was traditionally a good time to pick up bargains, on the stock market as well as anywhere else. This “January effect” was that US stocks rose much more in January than in any other month. Sidney Wachtel discovered the phenomenon in the 1940s, but it wasn’t...

Student fridges

Dear Economist, I live in a student house with six others. All of us drink milk, some a lot, and some a little. Only three of us buy milk, and we buy three different varieties, meaning my preferred type can quickly run out. Worse, my variety (semi-skimmed) seems to be...

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