We can use economic game theory to understand the decisions made by kickers and goalies during World Cup penalty shootouts.…
Weekly Roundup: From Pricey Hips to Costly Lines
Our economic news summary includes underutilizing female labor, delayed gratification, pricing medical care, interstate migration & assessing labor markets.…
How To Stand in Line Less
Long queues can be reduced with new incentives. Instead of first-come-first-served, if the last to arrive were served first, then we’d have shorter queues.…
Next Day Delivery and the Prisoner's Dilemma
Retailers face the prisoners’ dilemma when deciding whether to keep next day shipping guarantees on December 23rd because a decision relates to what others do.…