Posts Tagged ‘opportunity cost’

  • Frittata with spinach and onion

    Should We Buy Local?

    Jun 21, 12 • 446 Views • No Comments

    I just finished an omelette with eggs and spinach from a nearby farm. It tasted good, I supported local business and I helped the environment. You could say that I had my cake (but it was spinach) and ate it too. But, here is the surprise. If you care about......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Affordable (Cambodian) Health Care

    Jun 16, 12 • 374 Views • No Comments

    A village in Cambodia had problems with affordable health care but they found a solution. Traditionally,  if someone got sick, the gods had to be appeased with an offering that might include a buffalo, a cow, some bananas, incense, rice wine, a chicken. It......  [read more]

  • PNC Wealth Management Measures Inflation With Its Christmas Price Index

    Was That Birthday Card Really Free?

    Jun 11, 12 • 372 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]

  • popcorn bucket_000018898462XSmall

    Super Sized Sodas

    Jun 3, 12 • 397 Views • No Comments

    Given a huge tub of stale popcorn, people eat it. In a 2005 study, when 158 Philadelphia moviegoers received either 14-day old or freshly popped popcorn in a huge tub or a medium size container, those with the big bucket ate more. A lot more… 33% extra......  [read more]

  • mail box...16744_6.26_000008803278XSmall

    You’ve Got Mail?

    May 19, 12 • 673 Views • No Comments

    During dinner this evening, my friend said that she loves her local post office. A very small branch in a teeny building, they know her name, her needs, and are a neighborhood institution. But, is it worth $1 billion a month? During the first 3 months of......  [read more]