Reader Sean Writes:
In the spirit of 711 day where all the loyal patrons are lavished with a free slurpee, I recall past events at other stores that utilized the same gimmick. Particularly, I remember a smoothie shop that had recently opened a month or so before offering a free smoothie promotional for the entire day. [...]
Entries Tagged as 'Decision Making'
Go Get Your Free Slurpee Today…Or Don’t, If You’re Smart?
July 11th, 2010 · 10 Comments
Behavioral Econ · Decision Making · Follow Ups · From The Vault
Tags: Behavioral Econ · Decision Making · Follow Ups · From The Vault
How Do You Value A Life? Economists Are Happy To Show You…
July 1st, 2010 · 22 Comments
Decision Making · Fun With Math · Just For Fun
My friend Marty is convinced that he can’t possibly be the only person who follows both my site and Saturday Morning Breakfast Cereal. I’m not sure I agree, but I’m thankful that he is nice enough to send along relevant links anyway.
From Saturday Morning Breakfast Cereal:
I can’t tell whether the creators of this realized [...]
Tags: Decision Making · Fun With Math · Just For Fun
Reader Question: So Should I Just FedEx My Luggage Now?
May 19th, 2010 · 8 Comments
Behavioral Econ · Buyer Beware · Decision Making · Policy · Reader Questions
I’ve gotten a few requests for comment on the whole “airlines now charging customers to breathe on their airplanes” issue, so I will give a bit of an economist’s take on the matter here.
First, a recap for those of you who, unlike me, haven’t been watching the airline industry with baited breath to see what [...]
Tags: Behavioral Econ · Buyer Beware · Decision Making · Policy · Reader Questions
Dilbert On Diminishing Marginal Product Of Labor…
May 10th, 2010 · 3 Comments
Decision Making · Econ 101
If you’re a manager, how should you think about the decision of whether or not to hire another employee? On one hand, an extra employee means extra output, which means extra revenue (as long as you don’t have to lower your price too much to sell that extra output). On the other hand, [...]
Tags: Decision Making · Econ 101
Apparently Babies Are A Normal Good…
May 3rd, 2010 · 17 Comments
Decision Making · Econ 101
Now, I do understand that babies are technically produced rather than consumed, but I would hope that, in this age of medicine, the supply and demand for babies at least approximately equalizes. In this way, we can talk about them as either normal goods - goods where demand for them increases as income increases [...]
Tags: Decision Making · Econ 101