Whether it’s plastic straw use, energy conservation, or flu vaccinations, governments use nudges to influence our decisions.
We can ask why our lottery ticket spending has been $70 billion annually when we have such an infinitesimal chance of winning.
When politicians plan to update our transportation infrastructure, they are influenced by a hidden hand that can be benevolent or malevolent.
More than what we earn, income inequality can also be about age, education, race and the diversity of bugs that live in our homes.
Although research shows the impact is small, the Affordable Care Act will soon mandate calorie labels and nutrition information in restaurant chains.
Guilty of probability neglect, we should listen to Warren Buffett’s advice on investing and use cost/benefit analysis whenever emotions overwhelm logic.
Primarily for fiscal reasons, in Japan, most 40-74 year olds get their waist size checked each year. A part of the required annual physical exams from local government or employers, waist size is monitored because an obese population can be expensive.…