Auction politics are not all they seem
The cold, hard stats show that if you want to win at a property auction, just keep throwing in more bids than anyone else
One of the most exciting areas in economics is behavioural economics, where commerce and finance meet psychology. People researching the discipline conduct every manner of experiment about preferences and often look at how people act versus how they ought to act if classical economics held true.
This can be about preferences for discounts or premiums, or how people feel about a loss or a gain, for example. The other week, the Economic and Social Research...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine