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Bernard English

Bernard English
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Showing posts with label Shopping. Show all posts
Showing posts with label Shopping. Show all posts

Friday, July 29, 2022

Binomial distributions | Probabilities of probabilities, part 1 [Watch from 1:36 to 2:55 to see how to use Laplace's Rule of Succession for Amazon reviews]

Sunday, June 23, 2013

BOOK Review FROM The Economist: Happy Money: The Science of Smarter Spending. By Elizabeth Dunn and Michael Norton.

Wednesday, July 13, 2011

The mystery of the Chinese consumer FROM The Economist

"In public, they show off. In private, they pinch pennies."

Sunday, December 26, 2010

Wrong Purchase? Why Shoppers Can't Stop Buying By Sean Gregory FROM Time

"Subjects shown the designer armchair reported higher levels of frustration about the aesthetic mismatch, and said they'd be more likely to buy more stuff to make the living room work."

Friday, December 10, 2010

Outside In: It's So Loud, I Can't Hear My Budget! By Emily Anthes FROM Psychology Today

"Shoppers make more impulsive purchases when they're overstimulated."

Friday, July 3, 2009

What Cheap Stuff Really Costs Us By Tim Morrison FROM Time

"In her new book, Cheap: The High Cost of Discount Culture, Shell argues that our never-ending pursuit of cheap has blighted our landscape, depressed working wages and (yes) contributed to the global financial meltdown."

Wednesday, June 24, 2009

Online Shopping Is Overrated FROM BusinessWeek

Pro: Just Drive to the Store Instead

"Online shopping is mostly a bad experience. Even the best of the online stores are pretty awful when compared with real-world brick-and-mortar shops."



Tuesday, May 19, 2009

Amazon Posts Profit Gains as Offline Rivals Struggle By BRAD STONE FROM The New York Times

"Some analysts say Amazon has benefited from the downturn, with struggles at the Borders book chain, the bankruptcy of Circuit City and turbulence at a rival, eBay, all driving traffic to Amazon.com."

Friday, May 15, 2009

Barter Country by Greg Beato FROM Reason

"Along with being the world’s oldest form of commerce, barter is impeccably au courant. You want sustainability—I’ll trade you my junk for your junk. You want authenticity—there’s nothing more primal than getting paid for your Web design services with 50 pounds of meat. And at a time when the public has soured on impenetrably complex subprime financing instruments, barter is the ultimate antidote."

Wednesday, May 13, 2009

The Real Problem with Credit Cards: The Cardholders by By Barbara Kiviat FROM Time

"Certain economists, though, have another way of looking at that and similar findings. They see a systematic psychological breakdown — as a species we're just really bad at understanding costs that come later on. Instead, we assign a disproportionate amount of importance to what's immediate and tangible."

Incidentally, the government is also pretty good at misleeading the public about how much its services cost. One of the big benefits of the sales tax, from the governments viewpoint, is that it is so easy to pay that consumers often forget how much of the purschae price is actually for the product and how much goes to the government. 



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