Don't Touch My Condiments

Only now that I know a few things about behavioral economics, I will admit that there’s another reason I hoard condiments. It’s called the endowment effect, a behavioral quirk that causes people to put a higher value on stuff they already own than stuff they don’t. The endowment effect explains why you might charge $20 for a collection of old Abba records at your garage sale, but wouldn’t pay someone else $5 for the same records at their sale. ...more

I once counted more

Graph of Your Marriage: What's Wrong With This Picture?

Next time you start to wonder how your marriage is doing, try an experiment. Take a pen and a piece of paper and draw a chart like the one above. The x-axis is how much time you spend on things, and the y-axis is how important each of those things are. Then start thinking of things. ...more

As Simone Signoret wrote: "Chains do not hold a marriage together. It is threads, hundreds of ...more