While Sitting at a local restaurant in Cairo, Egypt, I deliberated between Subia and Dom Palm to drink. Two adult women, the mother (in-law?) wearing a burqa and the daughter (in-law?) wearing an abaya sat in front of me. The third member of their party was a little girl, wearing a bright pink frock. She was small enough to be placed right on the table. Dom Palm, I decided, will be the āauthenticā Egyptian taste for tonight.
Car insurance in the United States is a system that more or less works well. You call up insurance agents representing different insurance companies with similar policies but varying quality of service. Then you buy it based on how much insurance premium they charge and how good/bad quality of service you are willing to accept. If you have an expensive car or you are a reckless driver, you end up paying more. The less you use your insurance, the lower your premium becomes over time.
KBB is used in the US for estimating the value of a used car before buying/selling it. While helping friends buy used cars, I felt that it always overvalued the car. I feel there is anĀ anchoring effect in play here.Ā A car owner (seller) feels happier checking the value of their car since it is being reported higher than what they expect. This provides a nice room for providing aĀ discount for converting the buyer....