Why Ethical People Make Unethical Choices Most companies have ethics and compliance policies that get reviewed and signed annually by all employees. “Employees are charged with conducting their business affairs in accordance with the highest ethical standards,” reads one such … Continue reading The importance of examples
Tesla to fine drivers hogging Supercharger stations: Could it backfire? Tesla Motors Inc. will begin imposing a $0.40-per-minute fine on drivers who leave their cars parked at Supercharger stations more than five minutes after their vehicles finish charging, the company … Continue reading Do low-cost fines work?
The economist’s guide to gift-giving “There are worlds of money wasted, at this time of year, in getting things that nobody wants, and nobody cares for after they are got.” That was Harriet Beecher Stowe in 1850, reminding us that … Continue reading Is giving gifts socially efficient?
Everyone thinks you should read this I have coauthored a lot of academic essays, but finally, I’ve produced something that everyone absolutely loves. Wow. Just wow. In a recent paper, Harvard law fellow Meirav Furth-Matzkin and I explore this question: … Continue reading People are hardly sheep
Free Cash in Finland. Must Be Jobless No one would confuse this frigid corner of northern Finland with Silicon Valley. Notched in low pine forests just 100 miles below the Arctic Circle, Oulu seems more likely to achieve dominance at … Continue reading An experiment of social welfare
Simple thinking in a complex world is a recipe for disaster Ants are simple creatures. They live by simple rules: if you see a scrap of food, pick it up; if you see a pile of food, drop the food … Continue reading Why simple doesn’t always work
Mind over matter: is scarcity as much about psychology as it is economics? “Unlimited wants, scarce resources”. This is the economic problem. But once basic needs are met, how much should scarcity – having “enough” – be understood as a … Continue reading How to develop an abundance mindset