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Research in Progress

Research in Progress

Financial Markets, Global Economies, Technological Developments

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    Category: Behavioral Economics

    From Pet Rocks to Digital Rocks

    A Pet Rock JPEG was sold for $2.6 MILLION USD earlier this month…

    September 27, 2021September 27, 2021 by Jeff A. Wang

    Marx and Commodity Fetishism: My Love for Playing Cards

    It is natural to correlate fetishism with a sexual connotation, but when Karl Marx discussed the fetishism of commodities, he was instead dictating people’s mysterious notion to enter a social contract of anthropomorphizing commodities.

    October 2, 2020September 27, 2021 by Jeff A. Wang

    Dealing with uncertainty, Black Swans, Coronavirus, Stock Market Crashes

    The flaw that humanity’s approach to probability is that we confuse lack of evidence with proof of certainty.

    March 3, 2020November 22, 2021 by Jeff A. Wang

    Buying Supreme will make you less happy (maybe)

    Conspicuous spending is defined as the purchase of goods and services primarily for showcasing one’s status and economic wealth to society. It is a display of power.

    December 5, 2019October 2, 2020 by Jeff A. Wang

    Decision Making: Sunk Cost Fallacy

    At the end of the day, the sunk cost fallacy is caused by pride, loss aversion, and irrational commitment to past decisions. The sunk cost fallacy makes us stupid. Don’t let it trick you.

    April 15, 2019April 15, 2019 by Jeff A. Wang

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