Posts From prashant4259

Incentives

People Respond To Incentives : The following example has been taken from Freakonomics Lets say you want to sell your house and for that you hire a real-estate agent. She sizes up its charm, takes some pictures, writes a brilliant advertisement, shows  the house to prospective buyers and negotiates. She’s getting a nice cut for all this work. On the sale of $300,000 house, a typical 6% yields $18,000 as commission. That’s a

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