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.

Gender Issues: What If We No Longer Said “He” and “She”?

Our Monday Gender Issue: In the February 10th issue of the New Yorker, I read “Pronoun Envy” by Anne Carson. Here is the beginning: Pronoun Envy “is a phrase coined by Cal Watkins of the Harvard Linguistics Department in November…

Should Detroit Sell Its Art?

During 2009, a still life painted by Henri Matisse was sold at a Christie’s auction for $46 million. The Detroit Institute of Arts owns Poppies, also a Matisse oil on canvas but a bit larger. A municipal bankruptcy like Detroit’s creates…

Why Would the Nigerian GDP Double Overnight?

We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in BRICS (Brazil, Russia, India, China). Now though, Nigeria has raced ahead. During one weekend…

Unusual Ways to Achieve Deficit Reduction

Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back…

Does It Matter That Men Boast?

Our Monday Gender Issue: Teaching at a girls’ school, I continually run into the problem of modesty. My women know the answers and yet go to the board saying they might not be right. Now, an academic study from researchers…

Should Kids Get Paid for Grades?

What happens when you combine a $100 student payment with a teacher bonus for high A.P. grades, better lab equipment, free tutoring, Saturday classes and extra teacher training? At one Boston school, the results for the A.P. Statistics exam were:…

A Water Shortage During Brazil’s World Cup

A major source of Sao Paulo, Brazil’s water supply has shrunk. Down to 14.7% of its capacity, the Cantareira Basin supplies almost half the area’s water. With little rain until recently (and it’s the rainy season from December to March)…

Chimamanda Ngozi Adichie’s Feminism

Our Monday Gender Issue: Chimamanda Ngozi Adichie, Nigerian writer, former MacArthur genius, National Book Critics Circle Award winner, author of the book, Half of a Yellow Sun on which a new movie is based, and the person who has given so many…

The Unintended Consequences of Banning Ivory Sales

New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service destroyed ivory that…

How Much Will You Pay For the HOT Lane?

The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to remain in slow moving traffic. For a price, you can enter a HOV (High…