Business of Life

Selling $20 bills

If you wonder why so many people, especially doctors, lose so much money with their investments, it could be that they were students of Max Bazerman who has quite a lucrative sideline selling $20 bills.

Psychologist Max Bazerman says that during the past ten years he has earned more than $17,000 by auctioning $20 bills to his MBA students at Northwestern University. In the course of almost two hundred of his actions, the top two bids never totaled less than $39, and in one instance totaled $407.

HT Ming the mechanic via growabrain