What Economists Say About a Penalty Kick

Confirming that economics relates to almost everything, game theory can explain yesterday’s women’s World Cup semifinal penalty kick save by the U.S. team.

How an Art Heist Is like the Government Shutdown

Whether looking at an art heist, government shutdown negotiations or a soccer shootout, game theory can explain people’s behavior.

How Game Theory Explains World Cup Penalty Shootouts

We can use economic game theory to understand the decisions made by kickers and goalies during World Cup penalty shootouts.

Weekly News Roundup

Our weekly news roundup includes Starbucks Rewards and marginal thinking, the opportunity cost of housework, and how clothing affects human capital.

Why There’s No Such Thing As a Free Bread Basket

The free bread baskets we get in restaurants have a cost that can involve dollars, table turnover, alcohol consumption and customer good will.

Weekly Roundup: From Greek Games to Tennis Matches

Our everyday economics includes externalities, branding, monopolistic competition, sovereign debt, game theory, elasticity, taxes, markets and the glass ceiling.

Greek and German Games

For insight on how Greece and Germany handle the prisoner’s dilemma as they negotiate Greek debt, we can compare their differences and eurozone loyalty.

Our Weekly Roundup: From Cheap Gas to Expensive Soda

This week’s everyday economics stories include subsidies, human capital, game theory, price controls, inelastic demand, and monopolistic competition.

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.

Should Your Boss Require Vacations?

OECD countries mandate that wages and salaries be paid for vacations and sick while, in the U.S., firms decide their own policies.