The fear of being without money motivates us to work hard, once we start earning, due to our desires we start thinking about all the wonderful things money can buy. As we continue working hard and getting better pay, our desires also increase. Whatever we earn is spent and we are left with nothing. We repeat the pattern of get…

Here we seek to explore and understand how we make decisions including investment decisions; not how we are expected to make decisions but our actual behavior. Economic theory as given to us by Adam Smith, the father of modern Economics, assumes that we are rational beings meaning that we are risk- averse, self-interested and are keen to maximize our own…