marginal analysis

October 22, 2017

The Economics of the Pumpkin Slingshot

For the next bite of a doughnut or the next try at a pumpkin slingshot, economist Alfred Marshall's marginal analysis helps you decide whether to say yes.

October 25, 2015

The Diner’s Dilemma: Should You Divide the Check Equally With Friends?

Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual's marginal benefit and the group's marginal cost.