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.
Similar Posts
Great Picture on Drug Development Targets
Byadmin
Matthew Herper and Erin Carlyle at Forbes magazine recently put together a wonderful picture, showing what kinds of diseases pharmaceutical companies are targeting now in developing new drugs. The bigger the bubble, the larger the number of drugs under development. Further to the right, the deadlier the disease. Makes for fascinating picture: Several things strike…
Abraham Lincoln Knew How to Milk a Metaphor
Byadmin
I could go on quoting Abraham Lincoln all day long, for he was one of the finest writers of his or any time. Here’s one very special quote, where Lincoln uses the metaphor of a snake to make distinctions between slavery itself being bad, versus policies to limit slavery to the south, versus policies to…
Winner of the Most Naïve Idea Award: Eric Schmidt, CEO Google
Byadmin
Schmidt once said: “In the future, people will spend less time trying to get technology to work … because it will just be seamless. It will just be there. The Web will be everything, and it will also be nothing. It will be like electricity. … If we get this right, I believe we can…
What Marathon Runners Have in Common with Used Car Salesmen
Byadmin
In recent posts, I’ve presented several interesting pictures of how arbitrary thresholds influence behavior. I showed how airplane pilots speed up flights to make on-time arrivals, but don’t speed up late flights that won’t make it on time. I’ve shown that the price of used cars changes when the mileage on the odometer passes arbitrary round…
The Hazards of Blogging: Being Misquoted and Misrepresented
Byadmin
In a recent post, I wrote about the fact that many physicians in the US do not accept new appointments with Medicaid enrollees. I was surprised to see it quickly garnered over 25,000 views. I guess it’s good to write posts that people read. But I fear that many people read it because it was…
On Leadership: Why People Pick Boring Jobs
Byadmin
Would 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….