Posts Tagged ‘price framing’

  • California Consumers and Gas Prices

    Oct 9, 12 • 166 Views • Behavioral Economics, Demand, Supply, and Markets, Economic History, Environment, Financial Markets, Households, International Trade and Finance, Macroeconomic Measurement, Regulation, Thinking Economically, UncategorizedNo Comments

    How might California be responding to $5.00 gas? Let’s start with bread machines. Behavioral economist Dan Ariely explains that when one of the first sellers of bread machines placed it on the shelf, few people were interested because they could not...