In the period prior to the 2007 housing crisis, it was easy for people to refinance their
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In the period prior to the 2007 housing crisis, it was easy for people to refinance their homes. If people choose 15-year (rather than 30-year) mortgages as a savings commitment device (as suggested in exercise 29a.6), might the ready option to refinance have made self-aware but present-biased people worse off?
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Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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