Default or shortcut options become more attractive when decision making takes too much energy because of choice fatigue.
Weekly Roundup: From Apple’s Chimes to Boston’s Olympics
Our everyday economics includes innovation, incentives, environment, regulation, gender,monopolistic competition, oligopoly ,intellectual property and cost,
The Cost of Hosting the Olympics
As with most mega-projects, 2024 Olympic spending is likely to exceed projected costs and provide fleeting glory for any city that hopes to be a host.
The Sounds That Can Sell a Product
For monopolistic competition and oligopoly, firms can achieve product differentiation through sounds that are associated with one good or service.
How Feminists Should Feel About New Yorker Cartoons
Stereotypical depictions of women in cartoons reinforces an expectations bias that men are authority figures while women are parents.
When Real Peanut Butter Is Not What or Where You Expect
Required by commerce in a market system, standard weights and measures not only take us to the kilogram or second but also even peanut butter.
Why Eggs Aren’t Cheaper By the Dozen
Avian Flu and California’s new cage size regulations are creating shortages and higher production costs in the egg supply chain that will increase prices.
Weekly Roundup: From Slicing Bread to Saving Honeybees
Our everyday economics includes behavioral economics, commitment devices, environment, supply, regulation, free trade, gender issues and the minimum wage.
The One Big Issue Where Economists Disagree
Economic research on the impact of a higher minimum wage on employment provides no clear answers. Economists on each side say opposing research is flawed.