Economic Ideas

January 27, 2015

The Reason It Can Be Tough to Cross the Street

Called the American Dream, the income mobility that lifts a child beyond a parent's poverty can depend on a community's characteristics.

January 21, 2015

Can Economists See the Hot Hand?

With implications that extend beyond sports, believers in classical economics and in behavioral economics are debating whether players can have streaks.

January 20, 2015

How Chocolate Chip Cookies Explain Why We Save Less

Explained by behavioral economics, we save relatively little for retirement because of intertemporal selfishness and seeing our future selves as strangers.