A nice/weird post about shrimp and investing
Posted at 9:23 on Tuesday May 16, 2006
| Filed Under
Investing
A nice post from the Kiplinger blog about boiled shrimp and investing (huh?):
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Comments (6)
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Is this a test to see if we're paying attention? (See May 1st)
Posted by Freelove at May 16, 2006 03:00 PM
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I actually had a macro economics professor in college that taught us about this. He used the analogy of holding Tony Orlando tickets (a performer in Branson), and how even though you spent money on those tickets, if you didn't actually feel like going to see Tony Orlando that day, but you went anyway, you were stupid. Actually, he said that we weren't "maximizing our economic utility," but we knew what he meant. And that he didn't like Tony Orlando.
Posted by Aaron W. Thorne at May 16, 2006 04:39 PM
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Interesting article. I guess it's true, if you waste money on something you don't want to do, then why waste your time actually doing it?
However, what if you don't want to do something but your significant other does? If it keeps them happy, that problably means you will stay happy. What if your wife likes shrimp but you hate it, maybe you will get a much better return after wasting 8 dollars and an hour of time to make it!Posted by Mike at May 17, 2006 07:41 AM
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Freelove: Oops. Man, you guys are sharp.
Posted by Ramit Sethi at May 17, 2006 12:26 PM
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QUOTE:"Freelove: Oops. Man, you guys are sharp "
LOL, Oh I get it! Ramit, Yes - now I'm paying attention :)Posted by Ali Z at May 17, 2006 01:46 PM
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Wouldn't the best thing to do be to either freeze them for some other time when you aren't so pressed for time OR, even better, return them to the grocery store for a refund. OR OR OR check your receipt before you leave the store because crap like this happens all the time (double charges, you don't get the sale price, you accidentally pay for something that you didn't buy, whatever) and be done with the whole damn thing. A small leak (or, more typically, many small leaks) will sink a great ship.
Posted by ruthie at May 17, 2006 10:47 PM
