When we receive presents that disappoint us, gift giving creates deadweight loss that diminishes the economic boost from holiday spending.
While superstition tells us that babies born during the Year of the Dragon will have more success and power, economists look at human capital investment.
Sometimes increasing deceased organ donations takes more than a nudge because of the behind-the-scene details that are necessary.
Although there is no such thing as a free reward, consumers rarely consider the rewards programs costs that they wind up paying.
Because of research replication issues and questionable data, many academic papers need more rigor from their authors and skepticism from their readers.
For his public policy nudges and his contributions to behavioral economics, Richard Thaler will get the 2017 Nobel Memorial Prize in Economics.












