Consider the following problem from Choices, Values, and Frames*: Imagine that you are about to purchase a jacket for $125 and a calculator for $15. The calculator salesman informs you that the calculator you wish to buy is on sale for $10 at another branch of the store, located 20 minutes drive away. Would you [...]
Entries Tagged as 'Fun With Math'
The Most Compelling 5.882% Discount Ever…
August 15th, 2010 · 8 Comments
Behavioral Econ · Buyer Beware · Fun With Math
Tags: Behavioral Econ · Buyer Beware · Fun With Math
Follow Up: (Rush And) I Told You Not To Mess With Taxes…
July 14th, 2010 · 13 Comments
Buyer Beware · Follow Ups · Fun With Math · Policy
I wrote last year about how my BFF Rush Limbaugh doesn’t like taxes: Personal income taxes for the uhh…upper middle class and the rich are about to skyrocket 31 percent for all New Yorkers making more than $500,000 a year. So I’ll tell you what I’m gonna do, I’m gonna look for an alternative studio [...]
Tags: Buyer Beware · Follow Ups · Fun With Math · Policy
How Do You Value A Life? Economists Are Happy To Show You…
July 1st, 2010 · 30 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 [...]
Tags: Decision Making · Fun With Math · Just For Fun
Fun With Math: I Need To Teach FIFA How To Perform A Cost-Benefit Analysis…Or Do I?
June 29th, 2010 · 13 Comments
Fun With Math · Sports
For those of you who haven’t been following the World Cup, there are three notable features this time around: vuvuzelas, Landon Donovan (*swoon*) and bad calls by referees. (If you ever turned it on and wondered why it sounded like there was a swarm of bees in the stadium, now you know. Note that the [...]
Tags: Fun With Math · Sports
What Do Banks Do With Your Money Anyway? Jon Stewart Almost Gets It Right…
April 29th, 2010 · 10 Comments
Finance · Fun With Math · Macroeconomics
Go to about 0:13 in the clip: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Tags: Finance · Fun With Math · Macroeconomics