Word: painful
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Dates: during 2000-2009
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...issue” which the film discusses is no issue at all. We are expected to feel a grudging admiration for this Colonel Nicholson as he suffers, and makes his men suffer, for his little point of principle. However, anybody who hates the waste of pain and misery is likely to find his admiration somewhat more grudging than the author expects...
...paying with credit cards less painful? When we pay with cash we consume and pay at the same time, but when we pay with a credit card we are decoupling the timing of consumption from payment. We eat now and pay later, making the pain of paying lower and the enjoyment from the meal higher. We can even push the pain of paying to a more extreme level. Imagine that when you step into the restaurant the waiter tells you that the average diner eats about 50 bites and spends about $50 in this restaurant, making it a dollar...
...spending. This might be a good dieting approach, but not a way to enjoy spending your money. What this idea shows is that the way you pay has important psychological implications on how you view the money you are spending—what we call the “pain of paying”—even though on a rational level, we all know that money is fungible...
...pain of paying related to the stimulus packages? If different payment methods have significant effects on the ease with which people will spend their money, shouldn’t the government administer tax rebates in such a way that minimizes the pain of paying...
...latest flashpoint in the global financial crisis, Iceland is nursing a familiar sort of economic pain in a typically cool way. Over the past two years, the country's banks enjoyed extraordinary growth by borrowing heavily on international capital markets, leading Iceland to rack up a $2.7 billion current-account deficit, equivalent to 16% of its GDP; the comparable figure even in the notoriously indebted U.S. is only 5%. In January banks worldwide clamped down on loans in response to the global credit crunch, and investors began to worry that Icelandic banks had leveraged themselves too aggressively. Rumors swirled that...