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October 25, 2015

The Diner’s Dilemma: Should You Divide the Check Equally With Friends?

Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual's marginal benefit and the group's marginal cost.

October 23, 2015

Why Our Kids Will Not Care For Us When We Are Old

Because of aging populations in the developed world and in China, concern about care for the elderly and rising dependency ratios have increased.

October 14, 2015

A Nobel Message on Health and Wealth

The 2015 winner of the Nobel Memorial Prize in Economics, Angus Deaton studied inequality through health and wealth and micro and macroeconomics.

October 5, 2015

The Connection Between Your Credit Score and Your Love Life

Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.