Posts Tagged ‘utility’

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    PC Benefits

    Apr 6, 11 • 467 Views • No Comments

    We know that the computer has really made a difference. It replaced typewriters, photo albums, calculators and maybe even travel agents. But still, can we precisely state its impact? Yes, $1700. Economists have calculated that each year since 1977, on......  [read more]

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    The Value of a Price Tag

    Jan 8, 11 • 428 Views • No Comments

    Asking, “Do More Expensive Wines Taste Better?” a group of researchers decided to find out. They described the results of their study in a working paper for the American Association of Wine Economists (AAWE). The researchers introduced their paper......  [read more]

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    Social Contagion

    Jun 6, 10 • 525 Views • No Comments

    If unemployment creates unhappiness, then will people be less unhappy if their friends are also unemployed? According to a recent IMF paper, not only are people less unhappy when they and their friends are unemployed, but also, they then tend to be jobless......  [read more]