Replacing the inconsistencies of the current calendar, in finance and production, the 13-month calendar would create positive externalities for businesses.
The behavioral economics ideas from our everyday economics are confirmation, expectations and projection bias, frames, temporal discounting and sunk costs.
People and nations might perpetuate a bad investment because they look back at their past sunk costs. Instead they should compare future cost and benefit.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
