Just 16 years ago, we needed a $25 minimum order to get Amazon’s free Super Saver Shipping for an 8 to 10 day wait. An extra $9.48 got us two-day delivery and $16.48, one day. But then in 2009, they…
Apple’s Goldilocks Strategy
A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
The Problem With Plastic Bag Bans
Because Chicago first had a single use plastic bag ban and then replaced it with a single use plastic bag fee, researchers can compare the impact.
How Shopping For Yogurt is Like Buying a Car
Recent research explains that our yogurt choice fatigue at the supermarket is rather similar to what we experience when buying a car.
The Best Way To Measure Happiness
When we compare Bhutan’s gross national happiness (GNH) to its gross domestic product (GDP, we could decide if happiness relates to economic growth.
The New Meaning of Fast Delivery
From the nineteenth century to the twenty-first, our expectations for fast letter and package delivery have changed considerably.
Economics and the Honor System
When we pay through an honor system, retailers depend on our economic honesty while researchers are trying to understand it.
How a Behavioral Economist Explains a Frappuccino Problem
Since 1995, many of us have been consuming shamelessly decadent Frappuccinos. Just one Ultra Caramel Frappuccino with dark caramel coffee, layers of whipped cream (each topped with a dollop of caramel sauce), and white chocolate tops the 400 calorie threshold.…
Why You Might Want Some “Price Gouging”
Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.
What Soccer Can Teach Us About Investing
When measuring happiness around the world after a World Cup finals match, the pain of loss can exceed the pleasure of gain.