A new
branch of Economics that describes a
false saving that is then used as justification for a subsequent financial transaction.
Etymology: First used around
2015 in Tunbridge Wells in the UK and is now in use in parts of Kent, Wiltshire, Norfolk and Devon.
I had
spent £200 on
two tickets for a concert that was later
cancelled.
I expected to lose the £200 but my credit card issued a refund.
I now have £200 which I didn't expect to have so I use Kikinomics to justify spending £200 on something else.