Jared would be proud of me. Whenever I grab lunch to eat in my office, I head over to Subway for a six-inch Veggie Delite with provolone. Just 280 calories. Yum. Depending on my mood and workload, I usually gobble down my Subway lunch between 12:15 and 1:00pm. On Monday, though, I started eating at [...]
Posts Tagged ‘Behavioral Economics’
The Behavioral Economics of Leftover Pizza
Posted in Life, Microeconomics, tagged Behavioral Economics, Humor, Life on November 30, 2011 | 10 Comments »
Nickels Matter: Pigou and the Plastic Bag
Posted in Behavioral Economics, Environment, Microeconomics, tagged Behavioral Economics, Environment, Taxes on September 20, 2010 | 10 Comments »
On January 1, Washington DC introduced a 5-cent tax on disposable shopping bags at grocery, drug, convenience, and liquor stores. The fee had two goals: to reduce the number of bags, in particular plastic ones, that end up blighting the landscape and to raise funds for cleaning up the Anacostia River. The fee appears to be succeeding on [...]
Financial Literacy and the Subprime Crisis
Posted in Finance, Microeconomics, tagged Behavioral Economics, Consumers, Finance, Mortgage on April 22, 2010 | 5 Comments »
A new working paper from the Atlanta Fed identifies a key reason why some subprime mortgage borrowers have defaulted and some haven’t: differences in numerical ability (ht: Torsten S.). In “Financial Literacy and Subprime Mortgage Delinquency,” Kristopher Gerardi, Lorenz Goette, and Stephan Meier examine how the financial literacy of individual subprime borrowers (as measured through [...]
Menu Engineering
Posted in Microeconomics, Teaching, tagged Behavioral Economics, Microeconomics on December 12, 2009 | 3 Comments »
Earlier in the semester, my students bravely endured the usual microeconomic approach to understanding consumer choice. You know: budget constraints, indifference curves, and tangencies. Very useful when deployed appropriately, but rather abstract. To lighten things up—and illustrate some important truths about how consumers actually behave—we then spent a class on the psychology / behavioral economics [...]
Human Organs, Behavioral Economics, and Insurance Mandates
Posted in Behavioral Economics, Health, Teaching, tagged Behavioral Economics, Health, Kidneys on September 27, 2009 | 6 Comments »
Like the minimum wage and rent control, the market for human organs is a classic topic when teaching the basics of supply and demand. Organ markets are largely outlawed and, as a result, the demand for organs greatly outstrips the supply. For example, according to some estimates, as many as 4,000 people in the United [...]
Catherine Zeta-Jones & Consumer Finance
Posted in Behavioral Economics, Finance, Internet, Regulation, tagged Behavioral Economics, BillShrink, Catherine Zeta Jones, Finance, Regulation, T-Mobile on June 24, 2009 | 4 Comments »
Catherine Zeta-Jones has an important message for policymakers who want to help consumers make better financial decisions. Really. Let’s go to the video: I should emphasize that the message is not that economists are bow-tie-wearing geeks who should be sprayed with garden hoses. That may be true, but it isn’t CZJ’s message to policymakers. No, [...]
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