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What can't TRAITS explain? Hamilton: We could predict whether you'd go for healthy food or fast food, but we can't predict chocolate or vanilla. We can tell if you'd support a third-party, independent or major-party candidate, but we don't do a good job predicting who is a Democrat vs. a Republican...

Author: /time Magazine | Title: How We Make Decisions | 11/12/2009 | See Source »

...that degree of spending good for the economy, especially in a recession? Well, yes and no. Let me talk about that in a couple of different ways. First of all, the economy consists of buyers and sellers. You think about why we spend in the first place. We spend in order to produce satisfaction for buyers. We don't spend in order to help sellers. It's fine if we do help sellers, but we're trying to produce satisfaction. If the spending we engage in doesn't produce any satisfaction, then it's hardly a measure of well-being...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

...them holiday gifts, because they are people whose preferences I know a lot about. The problem arises in the situations where we have to give a gift, but we have no idea what the recipient wants. I'm not against giving gifts in the situations where we have a good idea what people want...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

...expect to have an influence, or is this a totally uphill fight? I hope to have a small influence. I think people are ready. I'm not the only person who sees some madness in our behavior. And so I think people are looking for opportunities to do good for the world. I think people enjoy giving; there's something joyful about giving. And I'm not against that. I'm happy to see the same amount of spending, but if we could just eliminate the really sloppy stuff, and maybe shunt some of [the gift-giving] to good causes...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

...know not to send you a Christmas gift! Well, I'm not against it. Why don't you do something good for someone else and say it's in my name, and everyone's happy...

Author: /time Magazine | Title: Why We Shouldn't Give Christmas Gifts | 11/12/2009 | See Source »

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