Best Movies of 2018 (From a Behavioral Economics Point of View) The Oscars were first presented in 1929. The Behavioral Economics Oscars, known throughout Hollywood as the Becons, did not appear until 2012. But as the iPhone is to the … Continue reading The winner is…
Folie à deux and Homicide for the Holidays Nothing says home for the holidays like a series of murders committed by family members with a shared delusion. So sit back, sip your hot apple cider or spiked egg nog, and … Continue reading Is insanity contagious?
The Loyalty Penalty: why do disengaged customers pay more for essential services? Imagine you’re thinking about whether to switch your broadband provider. You’ve seen various offers advertised, and reckon you could save money. Sounds simple. But before signing up to … Continue reading When loyalty bites
‘Tis the Season for Americans to…Give to Charity? In 2014, 31% of annual charitable giving occurred in the month of December—and 12% in the last 3 days of the year. Why? There are many potential reasons. The traditional holiday season … Continue reading Best of intentions
New Office Hours Aim for Well Rested, More Productive Workers A few years ago, scientists conducted a real-world experiment at a ThyssenKrupp steel factory in Germany. They assigned the day shift to early risers and the late shift to night … Continue reading How to sleep properly
Are You Happy with the Size of Your Group? The population of the planet today is considerably larger than at any other time in human history. Between 1959 and 2042 the world population is projected to grow from 3 billion … Continue reading The rules of group size
An Economist Goes Christmas Shopping “The Deadweight Loss of Christmas” is the sort of academic paper that makes ordinary people think economists are kind of crazy. “I find that holiday gift giving destroys between one-third and one-tenth of the value … Continue reading Did you buy presents?