Posts Tagged ‘Dan Ariely’

  • PNC Wealth Management Measures Inflation With Its Christmas Price Index

    Was That Birthday Card Really Free?

    Jun 11, 12 • 249 Views • No Comments

    Have you ever been delighted that you got something for free? I was until I read “the cost of zero cost” in Dan Ariely’s book, Predictably Irrational. My story begins at a Papyrus store in NYC. About to pay for several birthday cards, the...  [read more]

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    Why Might People Cheat?

    Dec 7, 11 • 253 Views • No Comments

    When are people more likely to cheat? Behavioral economist Dan Ariely says to look at sweatshirts, the Ten Commandments, dollar bills and cans of Coca-Cola. In one experiment, Ariely discovered that more students would copy someone’s seemingly dishonest...  [read more]

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    How Many People Are Hungry?

    Jun 7, 11 • 201 Views • No Comments

    The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By...  [read more]

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    Giving and Getting Gifts

    Nov 29, 10 • 305 Views • No Comments

    With the holiday season beginning, we should consider the economics of gift giving. Let’s start with University of Pennsylvania Professor Joel Waldfogel who focused on receiving gifts. Then, through Duke’s Dan Ariely, we can look at how to give...  [read more]

  • A Bag Tax

    Jan 27, 10 • 312 Views • No Comments

    Washington, D.C. got a bag tax on January 1. Now, any store that sells food (even a book store that sells mints) has to charge its customers $.05 for every bag they use (not just for the food but everything!). The results… 1. One Safeway reported using...  [read more]