Another random post.

Hey guys,

Just a quick update on my life for those whom I really care about but don't talk to often on MSN. :) Well, I've already had 2 weeks of lectures and a week of tutorials, been settling in well. Although those who know me would know that I'm really shy when it comes to meeting new people. I've also been playing lots of football lately, which explains the absence of new posts. Hope you guys are doing well wherever you are!

Anyway, on a lighter note, I actually have this really interesting lecturer teaching me Microeconomics and he uses a lot of real-life situations that happens to almost everyone on a daily basis. Just the other day, he gave us this scenario and asked us what we would do when faced with it.

Scenario 1: At a local shopping mall, you can buy a shirt that you want for $40. Just before buying it, a friend tells you that you can buy the same shirt for $20 at another shopping centre 20 minutes away. Where would you buy the shirt?

Scenario 2: At a local car yard, you can buy a new car for $20000. Just before buying it, a friend tells you that you can buy the same car for $19980 at another car yard that's 20 minutes away. Where would you buy the car?

Think about it for a minute for two.

The most common answer (which also happens to be my answer) would be that you would buy the shirt at the other shopping centre 20 minutes away but buy the new car at a local car yard. Of course, the obvious explanation would be that you save 50% when u buy the shirt for $20 but only 0.1% for the car. Don't you notice that people tend to just compare the percentages and not the absolute dollar value of how much they're saving? Whether it's 0.1% or 50%, it's still 20 dollars of your money that you are saving.

That's how people get attracted to all those huge 50% DISCOUNT posters and advertisements but fail to see that it's merely just a percentage and not the dollar value. What I'm trying to say is don't be fooled by those marketing gimmicks! It's just there to create a delusion that you're saving lots of money. Haha, so people ( especially females :P ), think twice before u convince yourself that you're saving that big big percentage of money.

Btw, here's the picture, wing. :)