July 15, 2010
In times past, all it took to get an interest rate cut on a credit card was asking for one. But no longer. Today when you call to ask for an interest rate reduction on your credit card, the representative on the other end of the phone call will likely have been trained to listen [...]
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July 14, 2010
Nobel laureate Herbert Simon coined the phrase “satisficing” to describe a decision making process that takes the shortcut of defining what is acceptable and then settling on the first alternative that meets those minimum requirements. It’s a play on satisfy and sacrifice, meaning that you sacrifice the best alternative for one that adequately satisfies your [...]
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