# Prof. Xavier Gabaix on consumer myopia

1 December 20, 2011 Stern in the News ![Kiplinger logo](/sites/default/files/styles/246w/public/assets/images/con_033474.jpg?itok=Aq9tNg3K)>

Excerpt from [Kiplinger's](http://www.kiplinger.com/columns/yourmindyourmoney/archives/just-say-no-to-extras-to-save-money.html) -- "When I went from paying for the extras to buying just the bare-bones wash and saving a ton of money, I transitioned from being a myope to being a sophisticate, according to Harvard economics professor David Laibson and now NYU economics professor Xavier Gabaix."

[Read more](http://www.kiplinger.com/columns/yourmindyourmoney/archives/just-say-no-to-extras-to-save-money.html)