I was first challenged to take on the economics perspective in high school. From these early days, I soon discovered a fascination in evaluation of human behaviour both in markets and everyday life. Since then, studying these phenomena at the University of Melbourne has been very enjoyable. In particular, classes in industrial economics, behavioural economics and international trade policy have been very insightful. I find that ESSA is a great opportunity to refine my thoughts and observations and share them with like-minded students. I'll be contributing regularly to economic discussion here and hope to hear from you. In my spare time I'll inevitably spend too much money online and cook terribly inedible meals.
Why irrationality is sometimes a rational strategy for the homo economicus.
Consumerism is the tendency to gratify oneself and consume in ever increasing amounts.
Part Two in a series on Planned Obsolescence: How competition can withhold innovation.
What is planned obsolescence? An explanation and brief history.
In this year’s David Finch lecture, Mr. Richard Koo provides enlightening analysis and a persuasive solution for some of the world’s most troubled economies.
An outline and analysis of PLS: Prize-Linked Savings, and the behavioural economics of lotteries in general.
Redeemable gifts and in-store discounts are on offer, and nearly everyone is being invited to join the program at zero cost.
One of the consistent comforts Australians can depend on is the competitively low prices at the big supermarkets. With Coles and Woolworths now calling a price war on fresh produce, it appears as if these giants are altruistically looking out for us, or are they?
We may think of Boxing Day as a great time to buy, but it is also a fantastic time to sell.
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