(Blog Post)
One part of the explanation for public reluctance to embrace reform may be explained by behavioral economics.
--Undervalue future money and overvalue money now,
--Focus on losses over gains, and
--Prefer the status quo over change.
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Ms. Gandhi gives us psychological insight into the anxieties of change. She does so in a succinct and interesting style.
Behavioral economists have found that people in most situations: Undervalue future money and overvalue money now, Focus on losses over gains, and Prefer ... More »
The Publisher had really good insights about her opinion. I iked how she used data to explain how we use numbers and what we should estimate, but what i really liked was her strong conclusion. The conclusion that she stated was a very strong and ferm. She stated their two choices of what they had to do and how we could approach the situation. The writing was very strong and had great detailed work as her introduction states a huge number of costs, but it goes with her explanation.
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