stackyFACTSWhen home appraisals surge or portfolios temporarily spike, individuals experience the wealth effect. Despite not having realized a single cent in actual tangible gains, the sheer psychological high of seeing a larger number on a screen dramatically boosts their daily spending on frivolous luxuries.
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Despite the myth that he died a misunderstood pauper, Mozart was actually earning the modern equivalent of hundreds of thousands of dollars a year at the peak…
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If you earn a hundred dollars at your job, you carefully budget it for electricity and groceries. If you find a hundred dollars on the street, you immediately…
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If you raise the price of a cheap pen by a few bucks, people will riot in the streets over the perceived injustice. However, if you quietly slip an extra…
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Why do theme parks and music festivals desperately want you to pay for everything using a cute wearable wristband?
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When you rule an empire, casual wagers take on a terrifyingly expensive dimension. Bet by Mark Antony that she couldn't spend a massive fortune on a single…
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If someone hands you an extra dollar, how much of it will you immediately burn on a snack? The marginal propensity to consume mathematically calculates the…
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