Behavioral Economics

August 29, 2014
Weekly Economic News Roundup and airplane seat
Published by Elaine Schwartz at August 29, 2014
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Solving the Airplane Seat Problem

According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.

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August 27, 2014
Everyday Economics: With opportunity cost, planners can decide how much natural disaster preparation is worth the tradeoff.
Published by Elaine Schwartz at August 27, 2014
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The Costs of Being Prepared for a Natural Disaster

Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.

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August 15, 2014
Weekly Economic News Roundup and measuring happiness
Published by Elaine Schwartz at August 15, 2014
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How Music Can Empower You

Like athletes use music before competing, so too can we energize our human capital at work with music that empowers us physiologically and psychologically.

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August 11, 2014
weekly economic roundup and pension income systems
Published by Elaine Schwartz at August 11, 2014
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Will You Get Your Social Security Benefits?

The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.

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July 7, 2014
Indian development and tradeoffs from roads and cars
Published by Elaine Schwartz at July 7, 2014
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The Difference Between India's Stories and Statistics

There is a village in Southern India called Kadapakkam. It had been a home to farmers and fishermen whose thatched huts had no running water and no electrical appliances. At traditional tea shops […]

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June 12, 2014
stock market activity and World Cup
Published by Elaine Schwartz at June 12, 2014
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The Impact of World Cup Soccer On Stock Markets

“Amongst all unimportant subjects, football is by far the most  important.” Pope John Paul II (1920-2005) European Central Bank researchers have hypothesized that World Cup Soccer […]

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June 11, 2014
Prius Purchases Could Reflect Conforming to a Local Social Norm
Published by Elaine Schwartz at June 11, 2014
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Prius Purchases and Conspicuous Conservation

Our Wednesday Environment Focus Reporting that Prius was the top selling car in California, Bloomberg said the reason was tough emissions standards. I wonder… In a 2011 paper, […]

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May 27, 2014
In the major sports leagues and for golf, there is a top 1% and income inequality that can be measured with Gini Coefficients.
Published by Elaine Schwartz at May 27, 2014
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The Income Inequality That Doesn't Bother Us

When people talk about the top 1%, they are probably not thinking about NY Yankees shortstop Derek Jeter or Seattle’s MLS forward, Clint Dempsey. For 2014, Jeter signed a […]

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May 21, 2014
Cost and benefit balance change for dealing with global warming if it creates a national security threat.
Published by Elaine Schwartz at May 21, 2014
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An Unexpected Cost of Climate Change?

Our Wednesday Environment Focus By Madeleine Vance, guest blogger and student at Kent Place School; edited by Elaine Schwartz Global Warming has become more than just a […]

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May 20, 2014
Technological innovation might have slowed but we could be due for a spurt.
Published by Elaine Schwartz at May 20, 2014
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Production Possibility Frontiers: Entering (and Exiting) a Discovery Void

After technological innovation multiplies, might the pace of discovery slow down? Think of the history of antibiotics. Starting with the Sulfa drugs that were first discovered during […]

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