Exuberance is rational: or at least human

Article Abstract:

Richard Thaler of the University of Chicago School of Business is a rising celebrity because his behaviorist theories run amok of traditional economic theory. Consumers are not rational in their spending and saving choices, says Thaler, who documents anomalies in a day-to-day models of choice he calls 'mental accounting'.

Psychological aspects, Research, Innovations, Personal finance, Savings, Economists, Opportunity cost, Opportunity costs, Thaler, Richard

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Alone at the top

Article Abstract:

Sanford Weill's extrordinary career as a builder of financial industry conglomerates, topped by his takeover of Citigroup, is analyzed. He is also interviewed at his Saranac, NY, retreat.

Officials and employees, Cover Story, Interview, Chief executive officers, Company Profile, Weill, Sanford I., Citigroup Inc. (New York, New York), C, Capitalists and financiers

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The bond

Article Abstract:

One of the hundreds of thousands of air travelers forced to drive by the airline shutdown following the World Trade Center attacks discovers a bond among such travelers.

Social aspects, Automobile travel, World Trade Center and Pentagon Attacks, 2001

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