February 27, 2017
Illustrated by the Expedia Vacation Deprivation survey, how much vacation time we take can depend on where we live and our reference points.
Illustrated by the Expedia Vacation Deprivation survey, how much vacation time we take can depend on where we live and our reference points.
The behavioral economics ideas from our everyday economics are confirmation, expectations and projection bias, frames, temporal discounting and sunk costs.
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.
In a study of the Barcelona Olympics, researchers concluded that winners of the bronze medal tended to be happier than the athletes who got the silver. Please look […]