Pricing, The Secret
Posted on19 Sep 2013
Tagsfood, The Economist, taste, subjective, restaurant, rationale, price, neoclassical economics, James Surowiecki, Influence, The New Yorker, economics, Dan Ariely, anchoring, violins, lobster, supply and demand, Drazen Prelec, George Loewenstein, values, Tom Sawyer fence painting
Comments2
The secret to pricing is its arbitrariness, subjectivity. What disrupts this is anchoring, a preconceived benchmark of what should be the price.... Read More
Personalities Lurk Behind Twitter Streams
Posted on25 Jul 2013
TagsBloomberg Businessweek, Joshua Green, Eric Schmidt, Barack Obama, seed planting analogy, personality as software analogy, computers, advertising, behavioral economics, business, decisions, education, free will, Google, logic, marketing, merchandising, neoclassical economics, Personality, politics, rational actor theory, relationships, The Economist, Twitter
Comments0
Increasingly, we are seeing the connection between all that we do and our personalities. Why is this “groundbreaking?” For centuries now, we’ve... Read More
America’s Faith-based Economy
Posted on22 Apr 2013
TagsAmerican, United States, faith-based economy, Poland, The Economist, religion, personal, objectivity, neoclassical economics, money, behavioral economics
Comments0
When I read articles like “Toss a Coin” (The Economist, January 12, 2013 edition), I’m reminded that our economy relies on faith.... Read More
Efficient Markets are Mirages
Posted on31 Jan 2011
Tagseconomic bubbles, Why Newton Was Wrong, The Economist, power behind beliefs, Paul Marsh, neoclassical economics, momentum effect, Mike Staunton, London Business School, investing, fundamental analysis, financial markets, EMH, Elroy Dimson, efficient market hypothesis, beliefs, behvioral economics
Comments0
Emotions drive human decision-making, a key assumption behind the effectiveness of intuitive approaches. However, mainstream economic theory – as represented by neoclassical... Read More
