Hey kids! Guess what…I have my first guest poster! Not poster like the one of Justin Timberlake I have on my wall (I kid…maybe), poster like one who posts…oh never mind, you get what I mean. Anyway, here is Vicki, a fellow blogger and tweeter who is in some small way my [...]
Entries Tagged as 'Decision Making'
$90,000 Or A Piece Of Marzipan Cake? Opportunity Cost and Interest, Wedding Edition…
February 26th, 2010 · 14 Comments
Decision Making · Econ 101
Tags: Decision Making · 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
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
Fun With Incentives, Hybrid Edition…
August 26th, 2009 · 8 Comments
Decision Making · Environmental Econ · Incentives
Since we seem nowadays to be on the topic of fuel-efficient vehicles…How is a fly in a urinal like the dashboard of a Prius?
I hope that at least got your attention. First, take a gander at the urinal fly:
(You just never know what you’re gonna get with my web site…) The urinal fly [...]
Tags: Decision Making · Environmental Econ · Incentives