The behavioral economics ideas from our everyday economics are confirmation, expectations and projection bias, frames, temporal discounting and sunk costs.
People and nations might perpetuate a bad investment because they look back at their past sunk costs. Instead they should compare future cost and benefit.
With implications that extend beyond sports, believers in classical economics and in behavioral economics are debating whether players can have streaks.
Explained by behavioral economics, we save relatively little for retirement because of intertemporal selfishness and seeing our future selves as strangers.
In behavioral economics, expectations bias studies on rats from Robert Rosenthal show how the small number of female CEOS is a self-fulfilling prophecy.
This week’s everyday economics involved 6 economists and such ideas as product differentiation, behavioral economics, marginal utility, price and trade.
How gender ratios in the U.S. and China affect men’s financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.
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