There are Free Lunches Statement of Intentions

There are Free Lunches: Behavioral Clues to Live Happy in the Economic World is a blog that intends to present updated and relevant information about the "hidden" and only recently uncovered dimensions of the economic science: the behavioral factors. With this blog we intend to promote in Europe and in the rest of the World, the top research articles and perspectives on behavioral economics, decision making, consumer behavior, and general behavioral science. We aim to be followed by journalists, academics, managers, civil servants, and everyone who wishes to improve their daily interaction with the economic world and consequently, their lives' happiness.

Wednesday, 20 April 2011

1 owns 40 - Something most Americans dont' Know

According to the Normal distribution (which describes the distribution of most human dimensions from height to intelligence, and let me say it, merit and hard-work) the range between the media minus one standard-deviation and the media plus one standard-deviation must contain 66,6% of the observations. As Dan Ariely - I wonder in which of the following 5 years is he going to win the nobel prize - shows us, when it relates to wealth (shouldn't it be a human dimension?) thinks are not quit like that. And the most impressive thing, although most of the americans would desire it (from Republicans to Democrats), they don't know the real distribution of wealth in America and they mistake it with the wealth distribution of Sweden (much closer to the Normal distribution).
You can check here all the details of the Study: ""

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