Futher confirming that economics is everyday life, behavioral economists have explained why we buy tickets when we won’t be lottery winners.
As we experience the pain of stock market losses, making it even worse, behavioral economists tell us we will sell at the wrong time.
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…
A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
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.
Recent research explains that our yogurt choice fatigue at the supermarket is rather similar to what we experience when buying a car.
When we compare Bhutan’s gross national happiness (GNH) to its gross domestic product (GDP, we could decide if happiness relates to economic growth.
From the nineteenth century to the twenty-first, our expectations for fast letter and package delivery have changed considerably.