Seeing as we can find the economics in everything, the message given by Solomon (the Teacher) is laden with a few foundational principles of economics. Continue reading “Nothing New Under the Sun”
Tag: rationality
Richard Thaler: What the Nudge?
You know what really gets an economist excited? Models. Continue reading “Richard Thaler: What the Nudge?”
Hustlin’ and Bustlin’ of Black Friday
T.G.I.F. takes on a different connotation when talking about Black Friday. Are the deals really worth all the hustle and bustle?
This (very American) holiday that exploits our (consumerist) way of life is showing signs of hope. It’s no surprise that Black Friday has been and is still known to be the top shopping day of the year. However, with the rise in behavioral economics, retailers and consumers have realized that it is also known as the biggest day for irrational behavior.
Continue reading “Hustlin’ and Bustlin’ of Black Friday”
