Learning mental accounting from Salman Khan and a 5 year old!

On 7 nov 2017, Prof Betsey Stevenson tweeted:

Then on 8 Nov 2017, Archit Puri picks a Salman Khan movie to give us similar lessons:

Salman, as usual, has some economics lessons for us. In a scene from the movie (see image below), he separates his money into different accounts. He does this by putting his cash in multiple earthen pots which are labeled with a spending objective. You can see that there is one for his sister’s marriage and another for his grandmother’s medical expenses.

Hosuefull economics….amazing as always….

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