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Bounded Rationality and Behavioral Frictions: Why Simple Digital Tools Outcompete “Built-In” Features

Bounded rationality explains why users choose simple tools like ROI calculators over complex built-in features....
4 min read
Quasi-public goods
Definitions

Quasi-public goods

Published on January 29, 2020

Quantitative easing (QE)
Definitions

Quantitative easing (QE)

Published on January 29, 2020

Public goods
Definitions

Public goods

Published on January 29, 2020

Profit Maximisation
Definitions Business economics Competitive markets

Profit Maximisation

Published on January 29, 2020

Productivity gap
Definitions

Productivity gap

Published on January 29, 2020

Productivity
Definitions

Productivity

Published on January 29, 2020

Producer surplus
Definitions

Producer surplus

Published on January 29, 2020

Private cost
Definitions

Private cost

Published on January 29, 2020

Private benefit
Definitions

Private benefit

Published on January 29, 2020

Price floor
Definitions

Price floor

Published on January 29, 2020

Newer Posts
Page 147 of 183
Older Posts
When you are shopping online, is the seller using psychological tricks to manipulate you into buying more?

Dark Patterns and the Economics of Consumer Mistakes

Almost all of us have experienced websites using various strategies and gimmicks to urge us to buy more stuff. This is known as the use of dark patterns to take advantage of human psychology. What are the economic ramification of widespread ecommerce use of dark patterns?...
4 min read

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