Posts Tagged ‘behavioral economics’

  • Cost and benefit for crime from Gary Becker

    Crime and Punishment in Svalbard

    Jul 11, 14 • 430 Views • No Comments

    Two times the size of New Jersey, Norway’s Svalbard territory has a single jail cell that was briefly occupied a year ago. Trying to decide why Svalbard has little crime, some cite its sparse population of 3,000 or the fact that it is an archipelago...  [read more]

  • World Cup Soccer 2014 with some humor and betting markets

    The Impact of World Cup Soccer On Stock Markets

    Jun 12, 14 • 1033 Views • 2 Comments

    “Amongst all unimportant subjects, football is by far the most  important.” Pope John Paul II (1920-2005) European Central Bank researchers have hypothesized that World Cup Soccer distracts stock market participants. Using data on trading activity...  [read more]

  • Gary Becker opened a new world when he used economics to study human behavior

    The Rotten Kid Theorem and Other Gary Becker Ideas

    May 6, 14 • 552 Views • No Comments

    Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed all of that.  At...  [read more]

  • Ask Alexa Economic Advice from

    Your “ROI” From Braces

    Apr 30, 14 • 707 Views • No Comments

    Dear Alexa, At work, I have become ashamed of my less-than-perfect smile since I am surrounded by colleagues who had the luxury of wearing braces in their youth.  Should I get braces to perfect my smile, even though I am no longer in high school? Sincerely,...  [read more]

  • Thomas Sargent and Cutting the deficit

    Have We Halved the Deficit?

    Jan 30, 14 • 439 Views • No Comments

    In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the deficit is much lower than 4 years ago. BUT… The deficit was an unusually...  [read more]