From graphs to behavioral economics and free trade, our Valentine’s economics again illustrates that economics is everywhere.
What Economists Say About a Penalty Kick
Confirming that economics relates to almost everything, game theory can explain yesterday’s women’s World Cup semifinal penalty kick save by the U.S. team.
How an Art Heist Is like the Government Shutdown
Whether looking at an art heist, government shutdown negotiations or a soccer shootout, game theory can explain people’s behavior.
How Game Theory Explains World Cup Penalty Shootouts
We can use economic game theory to understand the decisions made by kickers and goalies during World Cup penalty shootouts.
Weekly Roundup: From Greek Games to Tennis Matches
Our everyday economics includes externalities, branding, monopolistic competition, sovereign debt, game theory, elasticity, taxes, markets and the glass ceiling.
Greek and German Games
For insight on how Greece and Germany handle the prisoner’s dilemma as they negotiate Greek debt, we can compare their differences and eurozone loyalty.
Our Weekly Roundup: From Cheap Gas to Expensive Soda
This week’s everyday economics stories include subsidies, human capital, game theory, price controls, inelastic demand, and monopolistic competition.
Next Day Delivery and the Prisoner’s Dilemma
Retailers face the prisoners’ dilemma when deciding whether to keep next day shipping guarantees on December 23rd because a decision relates to what others do.
Should Your Boss Require Vacations?
OECD countries mandate that wages and salaries be paid for vacations and sick while, in the U.S., firms decide their own policies.
