The Sunk Cost Fallacy

This post was written by Mengmeng Wang, Contributing Writer on December 3, 2008
Posted Under: Psychology of Finance | Comments

A couple of years ago, one of my best friends and I went to see Hollywood Homicide, which was hands down one of the worst movies I have ever seen, made worse by the “technical difficulties” the theater was experiencing that day. About halfway through the bland, monotonous dialogue, the film completely cut out, and [...]

Gambling Is A Bad Investment

This post was written by Mengmeng Wang, Contributing Writer on December 1, 2008
Posted Under: Psychology of Finance, Start Saving | Comments

On the day I turned 18, I went to a nearby supermarket to pick up some dry ice, a pack of cigarettes, and a lottery ticket (and I registered to vote). I wasn’t doing a science project and I don’t smoke, but those are just a few of the cool “rights” that you get when [...]

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