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.
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