Showing posts with label Behavioral Economics. Show all posts
Showing posts with label Behavioral Economics. Show all posts
Wednesday, August 8, 2012

The psychology of Economics---Consumer confidence is down and it serves as a drag on the economy. Simple, but powerful...

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Economics is part social science and part psychology.  What people think "en masse" matters.  Consumer expectations are one of the...
Friday, August 5, 2011

"The Rent is too Damn High!" Actually it is import taxes...Would YOU do this to your car to avoid paying the tax?

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Ukrainians cut cars in half to reduce import tax at customs  (HT: Carpe Diem) ""Today I received some tax saving wisdom from a t...
Thursday, August 4, 2011

How do hotels get people to re-use the linens if they are staying multiple nights? Well, trick them, of course...Read how La Quinta did it to me.

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"Help reduce the amount of water and energy we use. Place this card on your pillow and your linens will be changed daily. No card on ...
Monday, July 25, 2011

Nice interview with Bill Gates on energy and the environment---He even uses the term Opportunity Costs...NICE!!!

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In a discussion on energy, Mr Gates invokes the important economic term " Opportunity Cost ". He uses it terms of using land to pr...
Wednesday, June 8, 2011

How do we keep the elephant from becoming extinct? Easy! Let people shoot them, eat them and sell the ivory. Get over your squimishness. The elephants NEED you to support this!!

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Below is a graphic (HT: Carpe Diem ) comparing the elephant population of Kenya and Zimbabwe from 1970 to 2011.  You can see they run counte...
Tuesday, May 17, 2011

Panera Bread experiments with "Pay What You Want" pricing...Is this a good idea??

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Some restaurants are experimenting with a voluntary payment system for its food---YOU decide how much you want to pay for your meal. Panera ...
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Saturday, January 29, 2011

Do not buy your next airline ticket until you read this article! If may save you money...

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Buying an airline ticket has to be one of the most frustrating and mysterious purchases one can make. In economics it is best explained thro...
Sunday, January 9, 2011

Are you a good shopper? Then why do you shop harder to find deals on things increasing in price and less so in finding even better deals on things that are decreasing in price? Which one makes you "richer"? Hmm...

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At the popular econblog Marginal Revolution , there is a posting:   "Do falling prices make us complacent?" .  Ever curious about ...
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