I am generally very skeptical when economists use “toy” examples involving lemonade stands and the like to demonstrate economic concepts, since I feel like students take an attitude of “see, economics isn’t really relevant to my future goals of being CEO of a Fortune 500 company and thus taking over the world.” In reality, [...]
Entries Tagged as 'Books'
A Shameless Plug For More Cute Economics Material…
January 19th, 2010 · No Comments
Books · Econ 101
People Are Funny (Funny Strange And Funny Haha), Halloween Edition…
October 31st, 2009 · 4 Comments
Behavioral Econ · Books · Decision Making
Happy Halloween everyone! I always procrastinate on putting a costume together unless I have a definite plan in mind (last year I was Sarah Palin, in case you were curious), so now it’s the big costume day and I’m still brainstorming. This is how the conversation has gone down on Facebook thus far:
Me: [...]
Tags: Behavioral Econ · Books · Decision Making
An Economist Goes To A Dive Bar, Keno Edition…
October 30th, 2009 · 7 Comments
Behavioral Econ · Books · Buyer Beware · Decision Making
It took almost a year of pestering, but I finally got my best friend to take me to the neighborhood bar in the town he grew up in. As any good dive bar should, it had a bunch of Keno screens, and I am not surprisingly intrigued by animated numbers, so he asked me [...]
Tags: Behavioral Econ · Books · Buyer Beware · Decision Making
Read This Before Purchasing Those “Prado” Sunglasses…
September 21st, 2009 · 14 Comments
Behavioral Econ · Books · Incentives · Policy
Best title I’ve seen in a while: “The Devil Wears (Fake) Prada” (from Marginal Revolution. Also good is the post URL: you-are-what-you-wear.html) The post gives an overview of Dan Ariely’s experiment regarding counterfeit (or generally fake, imitation, inspired by, whatever) goods and the subsequent behavior by those who consume them. (I’m not [...]
Tags: Behavioral Econ · Books · Incentives · Policy
Don’t Get Fooled By Those Sneaky Menu Engineers…
September 15th, 2009 · 5 Comments
Behavioral Econ · Books · Decision Making
In case you’ve forgotten, I study behavioral economics. Under this heading comes the psychology of consumption, and when talking about consumption we can’t ignore the issue of pricing. I suppose that it’s also true that when talking about consumption we can’t ignore the issue of, well, literal consumption, i.e. food.
You may recall that [...]
Tags: Behavioral Econ · Books · Decision Making