Shown by Fitbits, workplace output goals and division of labor, when implicit and explicit targets increase self-control, they boost productivity.
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Ice Cold Economics
By Isabelle Vicens with Elaine Schwartz [View the story “The Economics of a Winter Wonderland” on Storify]
Our Weekly Roundup: From Bank Regulation to Water Taxation
This week’s everyday economics stories included minimum wage, price floors, cost-benefit analysis, behavioral economics, financial regulation and public goods.
Should Water Be Free?
Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.
The Difference That a Sticker Makes
Because “I Voted” stickers indicate voting is a social norm, like paying taxes or saving electricity, people are more likely to act like their neighbors.
Our Weekly Roundup: From Being Cool to Being a Wise Investor
This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.
Four Ways to Understand Marijuana Demand
With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.
The Benefits of Perpetual Federal Debt
Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.
The Unintended Consequences of Daylight Saving Time
We should cancel daylight saving time because studies show that the opportunity cost of energy use has changed since Ben Franklin suggested “early to rise.”
Our Weekly Roundup: From Misery to Chocolate
This week’s everyday economics stories involved quantitative easing, monetary and fiscal policy, supply and demand, ROI, GDP, unemployment and inflation.