Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Saves Money in Separate Mental Accounts
Episode 35 of Behavioral Economics with Fexingo digs into mental accounting — the cognitive quirk that makes us treat a $50 gift card differently from $50 cash, even though they're worth exactly the same. Lucas and Luna explore Richard Thaler's classic framing experiment, where people were less likely to spend a windfall on a concert ticket if they had already mentally allocated that money elsewhere. They connect it to real-world examples: why households save for a vacation while carrying credit card debt, and how Uber's surge pricing exploits our mental categories. The hosts…
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