iEconomics?
Check out this clever takeoff of the Mac/PC ads by my friend Dan Ariely, in which he portrays standard economics as a PC and behavioral economics, my specialty, as an iMac.
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Byadmin“When many remedies are proposed for a disease, that means the disease is incurable.” -Anton Chekhov (Click here to view comments)
The Smell of a Fiscal Crisis
ByadminIn a wonderful New Yorker article titled “The Hangover,” Nick Paumgarten writes about the strange mix of private and government forces that led to the Spanish fiscal crisis. In a wonderful sentence, he evokes one such force, the almost invisibility of debt: It is often hard to perceive an economic crisis. Debt doesn’t look like…
On Distractions
ByadminWidower Woodrow Wilson fell in love with Edith Galt in 1915. The President’s doorkeeper summarized the situation tersely: “She’s a looker; he’s a goner.” (Click here to view comments)
Should Your Doctor Talk With You About the Cost of Your Pills?
ByadminIn the last few decades, medical schools have been teaching us doctors to inform patients about their treatment alternatives, so our patients can pick the alternative that best fits with their individual values. Which raises the question: Should doctors take the time to figure out the cost of treatment alternatives and communicate such information to their patients? Read More
On Leadership: Why People Pick Boring Jobs
ByadminWould you rather work in a stimulating, challenging job or a routine one filled with mundane repetition? Almost everyone would say they prefer the former. But a new study finds that people typically contradict themselves once salaries enter the decision. If the two jobs pay the same, people often opt to put out less effort, not more….
On Improving Communication
Byadmin“The mistake is to think that communications will solve the problems of communication, that better wiring will eliminate the ghosts.” —John Durham Peters (Click here to view comments)