Commentary/Ozan Acar

"Why do people save? So that they can consume more in the future. The day to go on a diet is always tomorrow, but we would never think of postponing a good plate of baklava. I guess this is in our nature as humans. Our emotional intelligence (the limbic system of our brain) makes it difficult for us to oppose the temptation of immediate consumption and resists the idea of saving. Looking at the consumption and saving propensities in Turkey, I could not help but wonder whether the limbic system is obstructing things a little bit more for Turks. A new database by the World Bank supports this notion..."

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