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Why explain embedded accounting with a deck, when nostalgic old commercials are so much more fun. Introducing Open Ledger, the worlds #1 accounting API, now live from HFØ S25 Demo Day. 🎥👇

22,844 просмотров • 1 год назад •via X (Twitter)

Комментарии: 10

Фото профиля liz 💪 | Alchemy
liz 💪 | Alchemy1 год назад

@openledger @hf0 i'm pumped

Фото профиля pryce
pryce1 год назад

@openledger @hf0 accounting!!!

Фото профиля Walker Williams
Walker Williams1 год назад

@openledger @hf0 🔥

Фото профиля pryce
pryce1 год назад

@openledger @hf0 🔥

Фото профиля Dave Font
Dave Font1 год назад

@openledger @hf0 legend.

Фото профиля Ajay Yadav
Ajay Yadav1 год назад

@openledger @hf0 Love this! Let’s go

Фото профиля pryce
pryce1 год назад

@openledger @hf0 appreciate you Ajay!

Фото профиля Open Ledger
Open Ledger1 год назад

@hf0

Фото профиля Navin Narayanan
Navin Narayanan1 год назад

@openledger @hf0 yooo fire launch video!🚀

Фото профиля Arpit Gupta
Arpit Gupta1 год назад

@openledger @hf0 Love this

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Today, the world lost Gene Hackman, who will be remembered for many legacies. But by behavioral economists, he will be best remembered for explaining mental accounting in this clip with Dustin Hoffman. What is mental accounting? It's our tendency to treat resources like money and time as if they aren't fungible. We create artificial "mental accounts" to help us keep track of resources and avoid overspending. In this clip, we learn that as a poor young actor, Dustin Hoffman kept jars of money with different labels (rent, entertainment, food, etc.) in his house and wouldn't take money out of a jar with one label to pay for expenses in another category. So when he ran out of food money, he went to Gene Hackman for a loan. Hackman was skeptical, however, when he saw that there was plenty of money in other jars! Huge thanks to Richard H Thaler for sharing this clip with behavioral economists everywhere. Many of us show this when we teach our students about mental accounting, which has implications for everything from taxi/Uber/Lyft drivers' tendency to set income targets to the way we respond when we're surprised with a $10 off coupon to the grocery store. I showed it to my The Wharton School MBA students just last week! Here are a few papers of my favorite papers on mental accounting: (1) Mental Accounting Matters: (2) Labor Supply of New York City Cabdrivers: (3) Mental Accounting and Small Windfalls: Video Source:

Katy Milkman

35,211 просмотров • 1 год назад