What I'm curious about is, would a sin-tax on cigs have the same effect
as, say, high interest rates on the dollar? If it's harder to borrow
cigarettes because the borrowing cost is higher, does the value of a
purchased cig become higher due to its scarcity in the money system?
jonathan
On Thu,
I recently obtained my series 7 license, but during the six weeks of
studying, a great deal of my material involved economic impact of various
fiscal and monetary policy, and also of course the laws of compounding
interest.
I think I figured out the problem with society today. Business prays on
--- Jonathan Kalbfeld [EMAIL PROTECTED] wrote:
... Business prays on
countless individuals who can not distinguish the difference between cost
and price.
You mean pray as in to implore and beseech, saying I pray you buy my
product?
Or do you mean prey as in predation?
If the latter, this
Suppose I can spend $10 on a widget that I want or
invest the $10 at the best possible rate. The
invested money will grow to, let's say, $100 in some
period of time. But that $10 isn't worth $100 today,
it's only worth $10 today. The widget and the
investment have the same** value today, right?
Psychologists have conducted experiments where the
subjects are (randomly) split into two categories.
They both perform the same task, perhaps a memory
drill, and then one group gets paid money for
participating and the other doesn't. After the
experiment, i.e. the task that the subjects were
On Fri, 15 Nov 2002, john hull wrote:
If someone is willing to make a bet with you, you
should wonder if maybe she knows something you don't.
If you really want to get paranoid about everything you do, read
the lit on the Winner's Curse. In the limit, only the most overoptimistic
of people
I enjoyed Alfie Kohn's book Punished by Rewards, which is a
popularization of much of this research.
http://www.amazon.com/exec/obidos/tg/detail/-/0618001816/qid=1037396034/sr=8-1/ref=sr_8_1/104-2976940-3732712?v=glances=booksn=507846
I haven't read them yet, but Deci and Dweck seem to be a
