Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Treats a Windfall Differently Than a Paycheck
In episode 152 of Behavioral Economics with Fexingo, Lucas and Luna explore the psychology of windfall gains: why a surprise bonus, a tax refund, or a gift card feels different from regular income, and how that difference changes what we do with the money. They dive into the classic 'house money' effect from experimental economics, the mental accounting research of Richard Thaler, and a striking real-world example involving lottery winners and bankruptcy rates. The conversation also touches on why we're more likely to splurge a bonus than a raise, and what that means for…
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