A 'Freakonomics' experiment - some summer fun

THIS POST is meant to be fun and 'non-serious' and what I'm blogging about is also quite cool! (Well, at least I think so anyway).

So I was recently clearing out some old books and came across this old favourite of mine:

If you want to find out what the KKK and estate agents have in common or how sumo wrestlers and school teachers both cheat or what its like to be a drug dealer in Chicago, then I suggest this is the perfect summer read for you. 

Then I went on the Freakononmics website to see what's new and I came across this experiment - run by the Chicago School of Economics and the authors of Freakonomics designed to 'help' you make a major life decision(s). The results, data and follow-up questionnaires from your experiment will accumulate in an academic study.

Its up to you how seriously you want to take the solution but I thought this was a pretty good behavioural economics experiment and also killed some time when I was bored one afternoon.

Here are my results:

Dilemma: 
Should I splurge on electronics (iPad)? I just can't decide whether to splurge on an iPad!
Result:  
After flipping 3 coins, you flipped the coin and got that you should build your bank account. So, what next? You shouldn't purchase electronics and should instead save that money over the next two months. After that, you should feel free to purchase electronics.

Hmm...I'm still not convinced that Freakonomics has solved my dilemma! 

JH