Behavioral Economics

November 24, 2011

A Plymouth Plantation Reprise

Perhaps even more relevant today, this was our blog for last Thanksgiving: In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about […]

November 21, 2011

If You Were the Supercommittee…

This simulation from Pew is a great way to understand what the supercommittee is trying to do. Called “the Pew Budget Challenge,” it presents close to […]

November 18, 2011

Health Insurance Dilemmas

Assume for a moment that you are slim, love broccoli and run 4 miles each day. Should your health insurance premium be lower than the amount […]

November 17, 2011

Ben Franklin’s Turkey

The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. […]

November 12, 2011

Presidential Wagers

 Looking at the University of Iowa GOP Iowa Caucus Market, you could create these headlines: “Gingrich gains.” “Cain crashes.” Perry plummets. Romney remains. With quotes indicated […]

November 9, 2011

“Tweakers”

Referring to Steve Jobs, most of us think of innovation and entrepreneurship. Like Thomas Friedman in “(Steve) Jobs, Jobs, Jobs, Jobs,” we imagine business starters and […]

November 3, 2011

Are You A Good Investor?

Good investing takes us to our emotions. But not quite how you might expect. Our brains don’t like random events. Instead, we prefer patterns, especially pleasing […]

November 2, 2011

Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and […]