Friday, June 20, 2008

Thought of the Day

I think unconventional failures provide more opportunities in the future than ordinary success.

Tuesday, May 06, 2008

Thought of the Day

Isn't there really only 2 parts to education? Asking the right questions and knowing where to find the right answers.

Friday, May 02, 2008

Tuesday, April 29, 2008

Thoughts of the Day

“四处望,皆唯图温饱之辈,胸无大志,如此何取天下?”

" I have not been wined and dined to my satisfaction" - Plato, The Republic, Book I

Monday, April 28, 2008

Why Things Cost $19.95

Pretty good read on the psychology behind pricing at Scientific American:

That is, if we see a $20 toaster, we might wonder whether it is worth $19 or $18 or $21; we are thinking in round numbers. But if the starting point is $19.95, the mental measuring stick would look different. We might still think it is wrongly priced, but in our minds we are thinking about nickels and dimes instead of dollars, so a fair comeback might be $19.75 or $19.50.


leading to :

they found that sellers who listed their homes more precisely—say $494,500 as opposed to $500,000—consistently got closer to their asking price.


[from : Scientific American]