Comments on: The Rationality of Mobile Spending http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/ In the beginner's mind there are... Sat, 13 Mar 2010 15:32:10 +0000 http://wordpress.org/?v=abc hourly 1 By: Mobiles in Africa - We Need The Eggs at Many Possibilities http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/comment-page-1/#comment-1032 Mobiles in Africa - We Need The Eggs at Many Possibilities Wed, 29 Apr 2009 12:43:52 +0000 http://manypossibilities.net/?p=393#comment-1032 [...] I guess that is pretty much how I feel about mobile access in Africa.  People pay irrational amounts of money for mobile services and they keep doing it because communication is a fundamental human [...] [...] I guess that is pretty much how I feel about mobile access in Africa.  People pay irrational amounts of money for mobile services and they keep doing it because communication is a fundamental human [...]

]]> By: A Modest Proposal - The 1 cent SMS at Many Possibilities http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/comment-page-1/#comment-772 A Modest Proposal - The 1 cent SMS at Many Possibilities Tue, 17 Feb 2009 20:44:20 +0000 http://manypossibilities.net/?p=393#comment-772 [...] do people put up with this?  Partly, I think  it is because behaviour in spending on mobiles is not entirely rational.  Having anchored high prices for SMSes, it is comparatively easy for mobile operators to simply [...] [...] do people put up with this?  Partly, I think  it is because behaviour in spending on mobiles is not entirely rational.  Having anchored high prices for SMSes, it is comparatively easy for mobile operators to simply [...]

]]> By: Bevinda Collaco http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/comment-page-1/#comment-665 Bevinda Collaco Tue, 06 Jan 2009 18:58:29 +0000 http://manypossibilities.net/?p=393#comment-665 What I find amazing are the college students of Goa and some secondary senior school students climbing into buses busy with their mobile phones and I-pods, fighting for their half-ticket student concession. What I find amazing are the college students of Goa and some secondary senior school students climbing into buses busy with their mobile phones and I-pods, fighting for their half-ticket student concession.

]]> By: Steve Song http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/comment-page-1/#comment-662 Steve Song Mon, 05 Jan 2009 08:23:35 +0000 http://manypossibilities.net/?p=393#comment-662 Governments do worse than tax gambling, they sponsor it. What is up with that? It is frustrating the way traditional economics lingers on beyond all "rationality". :-) However the trend of rewarding the mathematic modelers seems to be on the wane and a new generation of experimental economists seem to be the hot properties. See the Economist article this week on the rising stars... http://www.economist.com/finance/displaystory.cfm?story_id=12851150 Governments do worse than tax gambling, they sponsor it. What is up with that?

It is frustrating the way traditional economics lingers on beyond all “rationality”. :-) However the trend of rewarding the mathematic modelers seems to be on the wane and a new generation of experimental economists seem to be the hot properties. See the Economist article this week on the rising stars… http://www.economist.com/finance/displaystory.cfm?story_id=12851150

]]> By: David Rowe http://manypossibilities.net/2008/12/the-rationality-of-mobile-spending/comment-page-1/#comment-661 David Rowe Sun, 04 Jan 2009 10:10:21 +0000 http://manypossibilities.net/?p=393#comment-661 The idea of predictable irrationality is both fascinating and disturbing. Makes me think of a few other examples: 1/ Legalised gambling and heroin both rely on uncontrollable impulses in some peoples wiring. The only difference is that governments tax the former activity. 2/ Traditional economic theory relies on the assumption that the actors are rational. Oops. 3/ My 13 year old daughter just got her first mobile and is manifesting irrational txt-ing and burning of pocket money and suffering plan-confusion. Roll on "Free Telephony". A phone call from anyone to anyone should be a human right and essentially free - like an email (and not like a txt or mobile call). The idea of predictable irrationality is both fascinating and disturbing. Makes me think of a few other examples:

1/ Legalised gambling and heroin both rely on uncontrollable impulses in some peoples wiring. The only difference is that governments tax the former activity.

2/ Traditional economic theory relies on the assumption that the actors are rational. Oops.

3/ My 13 year old daughter just got her first mobile and is manifesting irrational txt-ing and burning of pocket money and suffering plan-confusion.

Roll on “Free Telephony”. A phone call from anyone to anyone should be a human right and essentially free – like an email (and not like a txt or mobile call).

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