By Kevin D. Gomez and Alex Kanode
Mother’s Day is around the corner…like, tomorrow. Some of y’all may be panicking as we speak, thinking about what to buy the mothers in your life. Maybe you’ve read a clever economist’s argument that the best gift is cash and you’re thinking to Venmo your mom some dough. Continue reading “ReasonablEconomics Advice for Mother’s Day”
Say you walk into Brooks Brothers and the staff ignore you. Why would this happen? Although the staff have no concrete information about your budget, they can examine your age, style, and demeanor to assume that you certainly cannot afford anything in the store, except for maybe a single sock. We see social experiment videos showing this type of behavior all the time. Ugh, these filthy salespeople and their brazen judgment. This rather scandalous judging, though, can be applied to help solve the information asymmetry problem. We say that information is asymmetric whenever one person involved in a transaction knows more than the other. Continue reading “Michael Spence — Signalin’ with Brooks Brothers and Bro-Country Music”
Have you ever gone on a Tinder date that was not what you expected? You immediately swipe right at the sight of an attractive person holding an adorable puppy. But, minutes after showing up at the bar, you find your date is dismissive, rude, and has horrible taste in beer. Sometimes what you see isn’t what you get. When you take a step back, you realize that the things you attributed to the person in the profile picture do not reflect the reality of your date. Continue reading “James Heckman: Tinder Dates Gone Wrong”
If you haven’t noticed, some people are slightly more than discontent with the new president. Since the beginning of his steamroll straight to the Oval office, a diverse set of groupies have followed him around—the media, his supporters, and his anti-supporters. Continue reading “Economics of the Protest”
