In 1974, a University of Pennsylvania economist concluded that there was a happiness plateau. Yes, we feel increasingly good as our income grows. But not beyond $75,000. Called the Easterlin Paradox, even if your earnings continue upward, they don’t bring…
Looking at a Covid-19 time table, economic fundamentals, and economic uncertainty, we can try to explain recent stock market fluctuations.
Pondering how to keep our New Year’s resolutions, we can look at the staircase in a Seattle office building.
During the holiday season, our gift giving might have less value than we expect because recipients engage in preference falsification.
Because of the impact of a price, our opinion of the music from a Stradivarius violin or the taste of a fine wine could change.
Lyft can come in handy when economists need to calculate the dollar value of time for us and for government.
In somewhat unexpected ways, our opinion of a present can depend on whether the gift wrapping is sloppy or neat.
A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
Looking at the past and now, we can see the impact of non-pharmaceutical interventions for reducing COVID-19 fatalities.