Explained by behavioral economics, a new technological default changed our tipping behavior in restaurants and taxi cabs.
For this holiday season, economists tell us that gift giving could say more about the giver than what the recipient wants.
As we start to plan our gift giving for this holiday season, we should remember preference falsification and deadweight loss.
In addition to our behavior at the supermarket and the gas station, inflation has created the incentive to go on cheap dates.
Futher confirming that economics is everyday life, behavioral economists have explained why we buy tickets when we won't be lottery winners.
Looking at trendy food takes us to South Korean tastes and the U.S. history of new foods coming and going.
Seeing the U.S. News 2022 ranking of the world's best countries, we can combine skepticism with the insight conveyed by people's perceptions.
Even from the best ideas, like what container ships did for our transportation infrastructure, we can have unintended consequences.
While the queue wait for Queen Elizabeth had a high of 14 hours, for other lines, we are only willing to remain for approximately 10 minutes.
With baby names, parents could have based a decision on popularity, politics, or the profession they hope their little one will aspire to.











