Currently viewing the tag: "economics"
The concept “egonomics” was introduced by Schelling in 1978, in his address to the American Economic Association. He was musing, in particular, on the ways in which people manage themselves either to do, or to avoid doing, particular activities or behaviors – the “tricks” they play on themselves in order to [...]
“We’re going to split the bill,” said the organizer at my friend’s birthday party. I didn’t think much of it until I ended up paying $40 for a $10 entrée. It’s hard to change how people respond to incentives. But the group dining situation is screaming for better outcomes. If you [...]
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