Monday January 27, 2020

Nothing rational about capital markets

When will we realise that market competition can actually cause damage to society?

7th June, 2015
2
Dan Ariely

Think about the following question: if there were no rules in the world and you were going to sell a product, what product would you want to sell? What is the best product to sell to maximise your income? What would you pick?

Remember, there are no rules, you’re just trying to maximise revenue.

Well, heroin’s really good because if you acquire customers once they become habitual customers. They need the product all...

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