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.

Nobel Humor

Presented at Harvard with Nobel laureate participation (and based on authentic scholarly research), the Ig Nobel awards are funny but they also make you think.  As they express it… The 2009 economics prize went to executives at four Icelandic banks “for demonstrating…

Can More Be Less?

At Starbucks, no one orders just a regular coffee, at the Gap, we look at easy fit or relaxed or straight leg, and when selecting health insurance, we think about deductibles and prescription drug coverage. Everywhere we have many choices.…

A Star is Born

Heinz Ketchup had a cameo but Apple was a star.  I saw The Girl With The Dragon Tattoo yesterday and started to think about product placement. In this excellent film, while Heinz ketchup played a fleeting role during a scrambled eggs…

Movies and Business

Having discovered a paper that explained why American films tend to present a negative view of business, I was especially interested in seeing which films were discussed. “Evil” Firms and Capitalists: The Godfather (1972), The China Syndrome (1979), Norma Rae (1979), Wall Street…

Who Should Get A Kidney?

Some say that it is unethical to pay someone for a kidney while others say it is unethical to use a method (a government list) that makes fewer donor organs available. As always, choosing is refusing. The debate continues in…

Listening to Picasso

Pablo Picasso is quoted for (maybe) saying “Bad artists copy. Good artists steal.” Perhaps, when pondering health care reform, Congress should do more “stealing”. Looking at Switzerland’s health care model, we might “steal” their attention to incentives. Insurers, patients, and…