Insights Review

What’s in a Number?

December 16, 2016

In 2012, the 23rd vinyl pressing of The Beatles’ White Album sold on eBay for $13,750. One year later, the very first pressing, White Album No. 1, sold for $35,000, or more than twice as much. This auction result carries a superficial logic: number one is better than number twenty-three....

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Tasting Expectations

September 26, 2016

Beliefs are stubborn. They don’t yield easily to the impress of experience. If you’ve long favored instant coffee over drip coffee, but one day taste a superior cup of drip, that doesn’t mean you’ll change your ways. Below the opinion—this is good coffee!—lies a more enduring...

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The One-Sided Crystal Ball

February 4, 2016

Saving for vacation, a house, retirement. In theory, personal budgets are straightforward: pick a goal and then balance income and expenses to meet that goal. In practice, people are notoriously bad at managing their money. There are many reasons for this—people discount future preferences,...

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