An economist might say that the optimal number of traffic fatalities depends on the cost of preventing them. Sweden disagrees. Compared to most other countries, Sweden’s road safety is tops: In …
Behavioral Economics
The intersection of psychology and economics, behavioral economics looks at human tendencies that involve biology and culture when predicting and explaining economic decision-making.
Why We Have Fewer Female CEOs
With Indra Nooyi leaving PepsiCo, we have even fewer female CEOs of major corporations who can change expectations about male leadership.…
Why We Suffer From FOMO
With social media telling us everything our friends are doing and much more, many of us experience FOMO (Fear Of Missing Out).…
What Soccer Can Teach Us About Investing
When measuring happiness around the world after a World Cup finals match, the pain of loss can exceed the pleasure of gain.…
Still More on the Mommy Penalty
Two new papers have looked more closely at the mommy penalty and even identified how women who have no children are affected.…
The Connection Between Bedtime and Gridlock
Instead of Google Maps, we might be able to avoid rush hour traffic congestion by looking at everyone’s electrical usage.…
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.…
Why More Babies Were Born Nine Months After a Football (Soccer) Game
Because of events that range from football victories to electrical outages, birth rates can spike or fall nine months later.…
The Missing Female Film Critics
The skewed race and gender of the film critics that review our top grossing movies might not express what a more diverse group would say.…
Breaking the First-Digit Law and Other Number Crimes
When the digits that appear frequently in national accounting figures, spreadsheets, and earnings reports are missing, then we can say we have suspicious numbers.…