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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
Income Effect
Definitions Behavioural economics

Income Effect

Published on January 28, 2020

Incidence of tax
Definitions

Incidence of tax

Published on January 28, 2020

Inactivity rate
Definitions

Inactivity rate

Published on January 28, 2020

Import quota
Definitions

Import quota

Published on January 28, 2020

Imports
Definitions

Imports

Published on January 28, 2020

Human development index
Definitions

Human development index

Published on January 28, 2020

The herfindahl-hirschman index
Definitions

The herfindahl-hirschman index

Published on January 28, 2020

Economic growth
Definitions

Economic growth

Published on January 28, 2020

Government failure
Definitions

Government failure

Published on January 28, 2020

The Gini co-efficient
Definitions

The Gini co-efficient

Published on January 28, 2020

Newer Posts
Page 153 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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