Anita Hsu’s Reviews > The Winner's Curse: Behavioral Economics Anomalies, Then and Now > Status Update

On the page 143, it mentioned a survey which led to the paper listed in the link here. The paper indicates that from the findings of the survey, people would rather have the increasing wage profiles instead of the decreasing one, while the decreasing one actually generated higher net present value. so why has adult life of job and works turned out to be this way? LOL

Hum he and researches spent lots of time and energy to show the evidence through math that humans favor immediate gains and exercise short term thinking, while I haven't been lost and confused what the heck discount rate means with all finance 101 running through my head

Duh....but as long as both sides have fun.

Thanks for AI otherwise I would be lost between Expected Utility Theory vs Propect Theory, after I was lost between them too many times

sometimes, just sometimes, I wish teh econ books were written in powerpoint slides with symbols and arrows to illustrate how the experiments written in the books were exactly done. these moments are the only moments I like powerpoint slides. sigh