Nick Naumof

The popular belief is that people are fully rational, that they do all kind of cost-benefit analyses and somehow always reach the optimal ...

The idea of this post came while I was chatting with a Dutch gentleman who mentioned several times that people in the East of The Netherl...

One of the fundamental assumptions of rationality and normative economics is that people’s preferences are stable. In other words it goes ...

We have learned in school that distance is spatial. For example young people in Europe learn that Australia is far away and North Africa ...

Do you know the difference between tax evasion and financial (tax) consulting? The only difference is the point of view. … or at least wh...

People don’t like to lose things or money. Earlier this year I wrote a post called “ It’s hard to say good bye ”  which described applied...