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How much money have you wasted?

  • Writer: Zoe Lim
    Zoe Lim
  • Jun 14, 2021
  • 1 min read

Updated: Jun 15, 2021





I was pleasantly surprised to find out that the article had nothing to do with health concerns! It was an article on Behavioral Economics set in the context of bubble tea! How refreshing (pun intended)!


I resonated with the "time inconsistency" or the "hot-cold empathy gaps" problem that was mentioned. Far too often, I would overspend on food or groceries especially when I am hungry. I would regret afterwards when I'm full and have finally regained common sense as I stare at the final bill or the excessive food I now have to try to store, or worse, dispose of.


I found this theory to be true in other aspects of life too, for example during times of stress at work or times of frustration. It is in these times of discomfort that I tend to make decisions quickly and emotionally which I may later regret.


With life experiences comes wisdom. Over the years, I've learnt to give myself enough time to cool down and think through before reacting or making a rash decision. I rather wait than to regret the outbursts of fickle emotions. Similar to the bubble tea example, I found that doing something I enjoy to satisfy the "hot-cold empathy gap" while I allow feelings to subside very helpful.


As the saying goes, it is wise not to make important decisions when we are emotional.


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