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When evaluating a transaction, traditional economic models simply compare the value to the price. Real, human people, however, compare value to price plus other elements, like fairness.
Dan Ariely • Dollars and Sense
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel • 8 highlights
amazon.comcalled Stickk.com that facilitates similar friendly commitments.
Cass R. Sunstein • Nudge: The Final Edition



many people took on more and more risk with the justification that they were playing only with their gains from the past few years.
Cass R. Sunstein • Nudge: The Final Edition
Early experiences with defined-contribution savings plans revealed that Humans could use some help on three fronts: enrolling in the plans, increasing their contribution rates, and improving their investment returns.