Monday, August 25, 2008
In their new book "Nudge: Improving Decisions About Health, Wealth and Happiness", U of Chicago economist Richard Thaler (of behavioral finance fame) and Harvard law professor Cass Sunstein gave a few pieces of personal finance advice, one of which coincided with my point in a previous post: buy insurance with the largest deductible available. The others are: don't invest much in your employer's stock, don't pay points on mortages, and don't pay for extended warranties. The book is reviewed in the NYT Book Review.
Posted by Ernie Chan at 1:13 PM