Israelis Wary of the Gloomy Economy, but Shop Until Their Bank Balance Drops

Behavioral economist Dan Ariely says Israelis don't feel it's proper to spend money on something permanent, so they splurge on leisure activities.

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Rishon Letzion's Zahav shopping mall was packed to the gills last week during the afternoon hours. Cars full of families with children were forced to circle some 45 minutes to find an empty parking spot, but...