February 26, 2025
Looking at eggs, bacon, orange juice, and coffee, we can see why breakfast prices are rising faster than other meals.
Looking at eggs, bacon, orange juice, and coffee, we can see why breakfast prices are rising faster than other meals.
Looking back at gasoline prices that teenagers pay when they get their driver's license, we see an impact on their driving behavior.
Through a behavioral economics lens, our reaction to a price relates to a frame or reference point that creates an association with a gain or a loss.