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Possibly but then you must also consider the psychological effect of consciously making an illogical decision... which results in habitually justifying irration

• JoachimSchipper 16y ago
  I think the people giving this advice know enough psychology to know it works (defined as: likely to get people out of debt), and enough mathematics to know it's not optimal. As to the people in debt: if they always consciously made (suboptimal) decisions, most of them wouldn't be in debt.
  • seles 16y ago
    So the way to overcome conscious suboptimal decisions is to keep making more conscious suboptimal decisions? That is what I have been doing wrong... stupid me for trying to change. Jokes aside, you are probably correct, I have always been torn between trying and failing to be perfectly rational versus doing suboptimal emotional things.
    • InclinedPlane 16y ago
      No, the way to overcome suboptimal decisions is to make better decisions, even if they aren't fully optimal.
      • seles 16y ago
        But it an optimal decision is even better than a "better decision that isn't optimal"