“Every difference of opinion is not a difference of principle.”
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.
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…
As we watch the newspaper industry die around us, we should reflect on just how important newspapers have been for American democracy. Thomas Jefferson certainly understood this. “The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to…
According to a new study, daycare will increase your child’s health, intelligence and social development. But do you think the study is scientifically rigorous enough to justify this conclusion?
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In 1925, a handful of extremely wealthy Long Island residents tried to thwart state plans to run highways from New York City through Long Island to beaches that the masses could enjoy. These wealthy people were understandably upset, that part of their property would be taken away to make room for highways and the like….
“Advertising is legalized lying.” – H.G. Wells (Click here to view comments)