# Prof. Adam Alter's research on exceptional expenses is highlighted

1 Faculty News August 7, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_031081.jpg?itok=xfq9AMud)>

Excerpt from [MSN Money](http://money.msn.com/frugal-living/post.aspx?post=af0e7091-6805-46c2-947f-6726f778c88f) -- "'Though every month contains a few (such expenses), none is ever budgeted for. In isolation, each expense seems exceptional . . . but in aggregate these expenses occur frequently enough that they put a large dent in an otherwise carefully monitored budget,' writes researcher [Adam Alter](http://www.stern.nyu.edu/faculty/bio/adam-alter)..."

[Read more](http://money.msn.com/frugal-living/post.aspx?post=af0e7091-6805-46c2-947f-6726f778c88f)