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.

How Covid Changed Commuting Time

In its 2021 Urban Mobility Report, Texas A&M tells us how and where Covid vastly changed our commuting time and our traffic congestion.

Why We Tip

Looking back and looking ahead at our tipping behavior, we can expect tips to remain a social norm that will increase.

Why Baseball Umpires Are Like Wine Tasters

Whether looking a the strikes called by an umpire or the scores from wine tasters, we would see inconsistent decisions that are called noisy.

Our Surprising Response to More Safety

When we feel protected, safety regulations can encourage the risky behavior and unintended consequences that they are trying to prevent.

Where Soda Pop Means More Than a Carbonated Drink

When some of us say “soda” and others “pop,” we are asking for a carbonated soft drink and also, perhaps, signaling our cultural differences.

How Stock Market Performance Responds to Social Unrest

While investors are right when they express concern that stock market performance reacts to social unrest, the response varies.

How the Pandemic Changed Our Impulse Buying

Staying at home during the pandemic, we have shifted our impulse buying from the supermarket to our online shopping cart.

How to Select the Best Countries

Instead of collecting a massive volume of statistics, iU.S. News uses people’s perceptions to rank the world’s 78 best countries.

The Feminine Side of City Streets

A headline in the Brooklyn Eagle asks us to imagine a New York where most of the streets are named for women. As they describe their alternative world, we could have Barbra Streisand Lane and Ethel Merman Boulevard. Female names…

What If Cash Handouts Have No Strings Attached?

In a new March 2021 report, we found out the results for the first year of Stockton’s UBI experiment. Recently too, the impact of Rwanda’s cash distribution was in the news. Last year we looked at Rwanda and Stockton. Today,…