Comments on: Nudge: Econs, Humans, and Choice Architecture http://thefinancebuff.com/2008/09/nudge-econs-humans-and-choice-architecture.html like a friend telling you about money ... Thu, 19 Nov 2009 19:44:17 -0600 http://wordpress.org/?v=2.8 hourly 1 By: charter helicopters http://thefinancebuff.com/2008/09/nudge-econs-humans-and-choice-architecture.html/comment-page-1#comment-1259 charter helicopters Wed, 24 Dec 2008 06:37:22 +0000 http://thefinancebuff.com/2008/09/nudge-econs-humans-and-choice-architecture.html#comment-1259 I know when it came to the bank I chose I was lucky to have had an account in a local credit union my whole life. Not only was I used to not paying any monthly fees they knew me and my family by name. When I opened a business I had to have a "big bank" to take care of some of the IRS withholdings and such but even then I shopped around and got a bank that charges me no fees. I call that the "Lucky Human" approach that later revaluated by "Econ"ing. I also believe parents are to blame for not jump starting their kids into thinking about the long term. Heck, my 5 year old is already putting money away for his first car. I think it's good to start with the end in mind. Keep up the great posts. James Helicopter Pilot I know when it came to the bank I chose I was lucky to have had an account in a local credit union my whole life. Not only was I used to not paying any monthly fees they knew me and my family by name. When I opened a business I had to have a "big bank" to take care of some of the IRS withholdings and such but even then I shopped around and got a bank that charges me no fees. I call that the "Lucky Human" approach that later revaluated by "Econ"ing.

I also believe parents are to blame for not jump starting their kids into thinking about the long term. Heck, my 5 year old is already putting money away for his first car. I think it's good to start with the end in mind.

Keep up the great posts.

James
Helicopter Pilot

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