# Professor Xavier Gabaix's joint research on consumer behavior and pricing is referenced

1 Faculty News November 24, 2016 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/us-britain-eu-property-breakingviews-idUSKBN13J19I) -- "They are often what economists [Xavier Gabaix](http://www.stern.nyu.edu/faculty/bio/xavier-gabaix) and David Laibson have referred to as 'myopic' – they don’t take account of extra costs when forking out the basic price of a good or service. Hotels whacking guests with high internet charges is a classic example. That raises the possibility that a tenant will max out their affordability on rent, and then get hit by extras."

[Read more](http://www.reuters.com/article/us-britain-eu-property-breakingviews-idUSKBN13J19I)