$CN HEALTH TECH (01069.HK)$ I was told to buy at 1.45 by mr Scott and sell st 1.65. i was reluctant to buy cause i lost 15k on his advice on guanze medical i  bought it at 4.50 it went to 35 cents

Mental accounting is a behavioral economics concept which refers to the different values a person places on the same amount of money, based on subjective criteria, often with detrimental results.
Simply put, it explain why people think less about some purchases than others?
Let see some real life example of mental accounting.
@Mikebierer: Hate spending $200 on groceries $Bed Bath & Beyond Inc (BBBY.US)$ $AMC Preferred Equity Unit (APE.US)$ $AMC Entertainment (AMC.US)$
@yeftern: Where th...