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Do Luxury Brands Benefit from Income Inequality?
ByadminI like to think that despite being wealthier than most Americans, I remain immune to materialistic desires. I drive a 17-year-old Honda Accord and wouldn’t know designer clothes if you wrapped me in them, head to toe. But it turns out that I’m wrong. I’m not above materialism despite my wealth and social status. I’m…
Beware of Large Pizza Slices!
ByadminPizza is pizza, and a full stomach is a full stomach. But when restaurants slice pizza into smaller pieces, you are probably likely to consume less pizza:
The Power of Thresholds
ByadminIn a recent post, I reproduce the figure showing the “stickiness” of odometer readings, when it comes to the price of used cars. Much better to sell your car at 49,999 miles rather than 50,001 miles. But here’s another sticky threshold, that was reported on at 538.com. It shows that when airplane flights leave 40…
Hospital Price Transparency
ByadminThe US is finally making very small strides towards pulling healthcare prices out of the shadows. Here is a recent media story on the topic. U.S. hospitals are now required to list the prices of medical services online and update them annually, under a rule change that went into effect Jan. 1. Previously, hospitals only…
Can Circular Reasoning Make You Rich?
ByadminWe Americans are notoriously bad at saving money. While people in Germany, Sweden and even France save about 10% of the money they make, folks in the U.S. save closer to 3 or 4% of their earnings. With so little money saved, Americans face difficulty absorbing economic shocks like recessions and layoffs, and also find…
The Life Expectancy Of Your Favorite Presidential Candidate
BypeterMany of the front runners in the presidential campaign are octogenarians. President Trump, a virtual lock to be the Republican nominee, is 73 years old. Bernie Sanders and Joe Biden are 78 and 77, respectively. Which raises a question: if elected, how likely are they to survive a 4-year term in office? There’s no perfect…

