Behavioral Economics

October 5, 2015

The Connection Between Your Credit Score and Your Love Life

Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.

October 2, 2015

The Importance of Accurately Estimating When We Will Die

Retirement savings and income depend on the person's prior income, longevity, the macroeconomic environment, Social Security and other entitlement programs.

September 30, 2015

Part 1: Understanding the Student Loan Crisis

The characteristics of the student loan crisis include a high default and delinquency rate, huge amounts of money and a personal and macroeconomic impact.

September 16, 2015

Bringing The Martian Down to Earth

For pure enjoyment The Martian is a good read but also it helps us recognize how travel to Mars has and will have positive externalities on earth.

September 15, 2015

Why Doing Good is Not Always Easy

By recognizing the tradeoffs of recycling, preserving endangered species and improving world health, doing good could become more productive.

September 10, 2015

What the Ability to Delay Gratification Says About You

Looking at delayed gratification through Walter Mischel's marshmallow test and other studies, researchers can better grasp who will save for retirement.

September 1, 2015

What Our Food Says About Us

Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.

August 30, 2015

Why a Life Needs a Price Tag

Although it seems callous, for safety regulation like speed limits and for victims' compensation like 9/11 we need to quantify the value of a life.

August 25, 2015

Using a Fat Tail to Describe Stock Market Risk

When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.

August 24, 2015

How Your Lawn is About More Than Grass

Nothing but grass, lawns began as conspicuous consumption from the English and French aristocracy and now are a middle class manicured status symbol.

August 21, 2015

Some High Speed Trading History

Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.

August 19, 2015

How to Find More of the American Dream

Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.