Posted 10 years ago on Dec. 29, 2011, 11:22 a.m. EST by RobPenn
This content is user submitted and not an official statement
is that they don't take into account the state of the people involved.
For instance, the stimulus plan. Am I wrong in saying that it wasn't nearly as effective as they said it would be, if it was productive at all?
In my Psychology of Consumer Behavior class, there was mention of some psychologists who suggested that it would have been more effective if it was called a "Stimulus Bonus" - something extra that you don't have to put into your budget.
I'm not sure I agree. I think people would still have saved it, because the people see what's happening in the economy, as well as feeling it in their own lives, and feel the need to spend their money less and save more for the essentials. I know I would have.
Thoughts? Other examples? Counter Examples?