Tag: behavioral economics

Blog Posts (14)

June 10, 2014

Can Circular Reasoning Make You Rich?

We Americans are notoriously bad at saving money.  While people in Germany, Sweden and even France save about 10% of the money they make, folks in the U.S. save closer to 3 or 4% of their earnings.  With so little … Continue reading
June 6, 2014

Interesting Take on Why We Often Perceive Handsome Men to Be Jerks

I just came across an interesting article in Slate contending that we often perceive handsome men to be jerks because examples of jerky handsome men come more easily to mind than examples of jerky plain men. In the case of single … Continue reading
June 5, 2014

Why Desserts Are Irresistible

It all comes down to willpower, right?  Strength of purpose.  Muster the resolve to skip dessert, and you have a shot at losing that spare tire hanging off your belly.  Succumb to your temptations, however, and you are simply being … Continue reading
June 3, 2014

A Clever Way to Promote Recycling

Behavioral science has taught me that subtle environmental cues can have a surprisingly strong influence on people. I don’t know if the following cue was purposeful or not, but the relative size of these two receptacles – the blue one … Continue reading
May 30, 2014

What Marathon Runners Have in Common with Used Car Salesmen

In recent posts, I’ve presented several interesting pictures of how arbitrary thresholds influence behavior. I showed how airplane pilots speed up flights to make on-time arrivals, but don’t speed up late flights that won’t make it on time. I’ve shown that … Continue reading
May 29, 2014

Self-Delusion at the Neighborhood Bar

According to a Gallup Poll, 1 in 4 people who are dependent on alcohol (they scored 20 or more on the World Health Organization’s Alcohol Use Disorders Identification Test — AUDIT) think their drinking is average or less average. It … Continue reading
May 21, 2014

The Power of Thresholds

In a recent post, I reproduce the figure showing the “stickiness” of odometer readings, when it comes to the price of used cars. Much better to sell your car at 49,999 miles rather than 50,001 miles. But here’s another sticky … Continue reading
May 8, 2014

Interesting Government Nudge

Do you think this will work to get people to stop texting and driving? (Click here to view comments)
May 2, 2014

More on Burritos and Calories at Chipotle

Sarah Kliff, one of my favorite journalists, had a really nice write up on the burrito study recently published by a wonderful student at Duke, Peggy Liu.  Here is an excerpt from her right up, and a link to the full … Continue reading
April 30, 2014

Can Behavioral Economics Lower Healthcare Costs?

Insurers can use behavioral economics, which examines why people make certain decisions and then determines how to influence said decisions, to compel members to improve their health, according to research from the Robert Wood Johnson Foundation. “I don’t think there’s … Continue reading

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