One comment

  1. People still balance check books? Can’t remember the last time I wrote a check. First link,

    Mr. Sims’s argument suggests that it may be rational for busy people not to balance their checkbooks if they feel they don’t have the time, though they know they will make mistakes as a result.

    But if people feel that the work of balancing a checkbook is just too unpleasant, it’s less obvious how to classify their behavior. Some kinds of inattention are even harder to categorize. What about people who decide they don’t have the time to read the news thoughtfully enough to consider whether they will buy a house during a boom, and thus make decisions based on nothing more than hearsay and emotions?

Comments welcome

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s