January 27, 2015
Called the American Dream, the income mobility that lifts a child beyond a parent's poverty can depend on a community's characteristics.
January 26, 2015
January 25, 2015
As baseball history shows, as with GDP, with inflation we need a nominal and real amount to compare different years' salaries and calculate future value.
January 23, 2015
People and nations might perpetuate a bad investment because they look back at their past sunk costs. Instead they should compare future cost and benefit.
January 22, 2015
Through a behavioral economics lens, our reaction to a price relates to a frame or reference point that creates an association with a gain or a loss.
January 21, 2015
With implications that extend beyond sports, believers in classical economics and in behavioral economics are debating whether players can have streaks.
January 20, 2015
Explained by behavioral economics, we save relatively little for retirement because of intertemporal selfishness and seeing our future selves as strangers.
January 19, 2015
In behavioral economics, expectations bias studies on rats from Robert Rosenthal show how the small number of female CEOS is a self-fulfilling prophecy.
January 18, 2015
Behavioral economics explains that we sign up for health clubs and then don't exercise because of unrealistic pre-commitment and upfront payment.
January 16, 2015
January 15, 2015
While everyone refers to the middle class and most of us say we are in the middle class, few know the characteristics of the group to which they refer.
January 14, 2015
We have fewer price and quantity signals because agricultural production figures on certain crops and livestock were eliminated because of USDA budget cuts.