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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
Marginal Propensity to Consume
Definitions Behavioural economics Business economics Managing the economy

Marginal Propensity to Consume

Published on January 28, 2020

Long Run Aggregate Supply
Definitions Business economics Factors of production Global economics

Long Run Aggregate Supply

Published on January 28, 2020

Liquidity
Definitions

Liquidity

Published on January 28, 2020

Liquidity Trap
Definitions

Liquidity Trap

Published on January 28, 2020

Investment
Definitions

Investment

Published on January 28, 2020

Interest rates
Definitions

Interest rates

Published on January 28, 2020

Injections into the circular flow
Definitions

Injections into the circular flow

Published on January 28, 2020

Inflation
Definitions

Inflation

Published on January 28, 2020

Inferior good
Definitions

Inferior good

Published on January 28, 2020

Indirect taxes
Definitions

Indirect taxes

Published on January 28, 2020

Newer Posts
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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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