Our Posts Roundup Sunday 3.22.15 The bundles that make life pleasant…more Monday 3.23.15 Where American cars are made…more Tuesday 3.24.15 What March Madness really represents…more Wednesday 3.25.15 Why Sunday shopping matters…more Thursday 3.26.15 Making ketchup that glides…more Friday 3.27.15 How…
How Temptation Bundling Can Help You Exercise More
Because cost and benefit analysis shows that temptation bundling for gym attendance encourages healthier behaviors, the approach can be used elsewhere.
Weekly Roundup: From Shopping More to Driving Less
Our everyday economics includes tradeoffs, debt ceiling, fiscal policy, GDP, productivity, entitlements, regulation, autonomous vehicles, and innovation.
3 Myths About Flight Cancellations
Looking at routes, aircraft size and the types of travelers, you can see the tradeoffs airlines make when they decide which flights will be canceled.
Weekly Roundup: From Hot Hands to Sunk Costs
The behavioral economics ideas from our everyday economics are confirmation, expectations and projection bias, frames, temporal discounting and sunk costs.
The Eurozone Sunk Cost Problem
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.
Weekly Roundup: From Marijuana to the Metric System
Our everyday economics include globalization, opportunity cost, inflation, employment, monetary policy, negative externalities, recession, business cycle.
Why the Metric Switch is so Tough
The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.
The Reason Norway Said No to the Olympics
Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.
Solving the Airplane Seat Problem
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.